Datasea Announces a $4.33 Million New Contract to Provide Short Message and 5G Multimedia Message Services
BEIJING, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Datasea Inc. (NASDAQ: DTSS) ("Datasea"), a technology company that provides visual and non-visual based smart security solutions, 5G messaging products, and smart payment services in China, announced today that its wholly-owned subsidiary company named Shuhai Zhangxun Information Technology Co., Ltd. ("Shuhai Zhangxun") had entered into a short messages business sales cooperation agreement (the “Agreement”) to provide Short Message and 5G Multimedia Message Services ("Messaging Services") to Hubei Kuanyun Network Technology Co., Ltd. ("Hubei Kuanyun").
Under the Agreement, Shuhai Zhangxun will provide Messaging Services to help Hubei Kuanyun reach its clients, including suppliers, business partners, and customers. The Messaging Services include but are not limited to granting Hubei Kuanyun 1) access to Shuhai Zhangxun Short Message and 5G Multimedia Message platforms; 2) an access code issued by the Ministry of Industry and Information Technology to adopt the services, and 3) the telecommunications gateways of the three major Chinese mobile operators to allow data to flow from one discrete network to another. Hubei Kuanyun undertakes the total purchase value of this engagement would be no less than RMB 28 million (approximately USD 4.33 million). The term of the Agreement is one year. The service fees under the Agreement shall commence at the time when Hubei Kuanyun gains access to Shuhai Zhangxun Short Message and 5G Multimedia Message platforms and starts to use the services. The billing cycle under the Agreement is one calendar month and Hubei Kuanyun will be invoiced on a monthly basis.
"I'm very pleased to announce the new agreement with Hubei Kuanyun on 5G Multimedia Messaging Services. This coperation demonstrates Datasea's ability to provide bulk messaging services and a growing market recognition in our technology advantages, products, and effective service delivery," said Zhixin Liu, CEO of Datasea. "We'll keep upgrading our 5G messaging products, applications scenarios, and pricing models with the advanced technology on hand and client-centric approach in mind. Datasea aims to be a trusted business partner for millions of small and medium-sized enterprises in China and be an industry leader in 5G messaging marketing and cloud business solutions."
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