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Datasea Inc Stock Jumps On Partnership Agreement With Jiade Boya

Sam Boughedda trader
Updated 10 May 2021

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Datasea (NASDAQ: DTSS)

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.

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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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.