DTSS - Datasea Secures Combined $15 Million with its Second Sales Contract for Acoustic Products | Benzinga
BEIJING, April 17, 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 ("AI") 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 Hangzhou Fubo Zhonglian Technology Co., Ltd. ("Fubo Zhonglian Technology") for the sale of up to $6.91 million (RMB 50 million) of the Company's acoustic high tech products. This represents a sustained expansion of the Company's sales strategy following the Shuhai Jingwei's signing of an acoustic product sales agreement worth approximately $8.45 million in early April with Shenzhen Xiaoranfang Marketing Co., Ltd. The Agreement is expected to drive sales of Datasea's innovative acoustic products.
Ms. Zhixin Liu, CEO of Datasea, commented, "We are pleased to sign this Agreement with Fubo Zhonglian Technology. This marks our continued success in securing large customer orders and reaching a new milestone in promoting and selling our high tech acoustic products. The new collaboration further underscores the expected market demand for our "Hailijia" and "Star Dream" products which we believe will establish a first mover advantage for us in the advanced acoustic products space and provide added momentum for the Company's performance and growth."
According to the Agreement, Fubo Zhonglian Technology plans to sell Datasea's "Hailijia" and "Star Dream" series of acoustic products, including air disinfection machines, bathroom deodorant disinfection and sleep aid products through mainstream ecommerce channels including Douyin, Kuaishou and Little Red Book. Fubo Zhonglian Technology's sales methods ...