DTSS - Why Datasea (DTSS) Stock Is Rising During Monday's Session | Benzinga
Datasea Inc (NASDAQ:DTSS) shares are trading higher by 37% to $6.17 during Monday’s session after the company announced three sales agreements with its Chinese subsidiaries, totaling approximately $61.7 million.
Datasea’s subsidiary Guozhong Haoze secured a $30 million contract with Shenzhen Juhaowan Technology Co., Ltd. on May 15, 2024, to provide 5G AI multimodal communication services over 12 months. Similarly, Datasea’s Heilongjiang Xunrui subsidiary signed a $30 million contract with Shenzhen Yuzhongqing Technology Co., Ltd. on May 13.
Additionally, the company’s Shuhai Jingwei subsidiary finalized a $1.7 million agreement with Tianjin Qianli Culture Communication Co., Ltd. on June 8, to supply high-tech acoustic products, including air disinfection machines and sleep aids, by December 31.
CEO Liu Zhixin highlighted the significance of these deals, projecting a boost in customer orders and ...
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