DTSS - Datasea Enters into a Sales Agreement for its Acoustic Products Bringing its Evolutionary Technology to Market in a Strategic Milestone to Develop Rapid Online Sales | Benzinga
BEIJING, April 4, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ:DTSS) ("Datasea" or the "Company"), a digital technology company incorporated in Nevada, dedicated to innovative business in acoustic high tech and 5G-Artificial Intelligence multimodal communication technology in the United States and China, today announced that the Company's wholly-owned subsidiary, Shuhai Jingwei (Shenzhen) Information Technology Co., Ltd. ("Shuhai Jingwei"), entered into a Sales Agreement (the "Agreement") with Shenzhen Xiaoranfang Marketing Co., Ltd. ("Xiaoranfang Marketing") for the sale of up to approximately $8.45 million (RMB 60 million) of the Company's acoustic high tech products. The signing of this Agreement signifies a new milestone for Datasea in promoting the domestic and international sales of its acoustic high tech products and it is expected to be a key driver of the Company's future revenue growth.
Zhixin Liu, CEO of Datasea, commented, "We are delighted to have signed this Agreement with Xiaoranfang Marketing. This marks a significant milestone in advancing the market promotion and sales of our leading-edge acoustic high tech products. In addition to comprehensive promotion of our "Hailijia" and "Star Dream" series of high-tech acoustic products on mainstream e-commerce channels in China, this partnership is also expected to drive online sales in the U.S. market, including on platforms such as Amazon. We are ...