Shares of Datasea (NASDAQ: DTSS) are rocketing on Thursday after the technology company said it has established a new subsidiary named Shuhai Zhangxun Information Technology Co., Ltd to explore opportunities in 5G.
Datasea said the move was part of its initiative to leverage its technology capabilities to expand its business coverage and create new revenue streams.
Shuhai Zhangxun will be dedicated to exploring 5G value-added services opportunities which came about as part of the combination and extension of the Company’s smart security platform, big data platform and other technical capabilities.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Zhixin Liu, CEO of Datasea said: “We firmly believe in the future of 5G and have been exploring opportunities in this field. Our technology shares a particular connection with 5G messaging known as Rich Communication Services (“RCS”), which enables us to develop services related to 5G messaging.”
“According to Global System for Mobile Communications Association, as of September 2020, 90 mobile network operators worldwide have launched RCS with 473 million global monthly active users, with the RCS market estimated at approximately USD $74 billion by the end of 2021. We believe that 5G messaging can improve both retail and business user experiences,” continued Liu.
Datasea shares have exploded higher, currently up 133% at $5.57.
