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Datasea Inc Stock Jumps On Partnership Agreement With Jiade Boya

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Updated: 10 May 2021

Shares of Datasea Inc (NASDAQ: DTSS) are rallying after it announced that its wholly-owned subsidiary, Shuhai Zhangxun Information Technology, has entered into a distribution partnership agreement with Jiade Boya Culture.

The partnership's objective is to provide a 5G messaging-marketing cloud platform (5G MMCP) to 50,000 enterprise clients throughout Jiangsu Province, Zhejiang Province, and Shanghai by December 31st, 2021.

“5G MMCP is an all-in-one message-marketing cloud platform unifying customer and prospect marketing signals in a single view with functions like precise SaaS value-added services, data monetization and message marketing,” Datasea said.

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The agreement will see Shuhai Zhangxun provide 5G MMCP products and services, assisting Jiade Boya with the market distribution.

Zhixin Liu, CEO of Datasea, stated: “This cooperation marks the launch of a national campaign to promote Datasea's 5G messaging products and further streamline product availability for customers. I am very pleased to see that one of our flagship products, the 5G Messaging-marketing Cloud Platform, will officially enter Jiangsu, Zhejiang and Shanghai.

“As the most economically developed regions in China, these regions have a considerable amount of small-and-medium-sized enterprises with great business dynamics. Entering these regions will play a vital role in our product distribution strategy.”

Datasea's stock price is trading at $3.09 following the news, up 15.3% from Friday's close.

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