Here's Why Datasea Shares Are Trading Higher Premarket

  • Datasea Inc DTSS subsidiary Guohao Century (Beijing) Technology Ltd inked a purchase agreement with Hangzhou Runsheng Network Technology Ltd, a leading marketing service provider, for a consideration of $22.3 million (RMB 150 million).
  • Hangzhou Runsheng offers powerful marketing automation features to enterprises, including China UnionPay, Ping An Group, and JD.com, Inc JD.
  • The agreement reflects an acceleration in demand for Datasea's 5G messaging services and penetration in the 5G messaging market.
  • Datasea provides 5G messaging services to enhance communication workflows and drill deep into the brands and organizations on Hangzhou Runsheng's new client wishlist. 
  • Guohao Century will act as the supplier and provide 5G messaging recharge payment services for China Mobile, China Unicom, and China Telecom. It will serve as a technical interface as a transmission channel to track transaction data and 5G short messages and telecommunication value-added services for Hangzhou Runsheng.
  • Zhixin Liu, CEO of Datasea, stated, "We are delighted to announce the agreement with Hangzhou Runsheng and create multi-channel and targeted marketing campaigns to help them optimize lead generation, customize clients and prospect communications, and automate marketing activities."
  • Price Action: DTSS shares traded higher by 5.96% at $2.31 in the premarket on the last check Monday.
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