Expects to Achieve Projected Annual Revenue of $90 Million

BEIJING, May 8, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or "the Company"), a Nevada-based digital technology company specializing in acoustics high-tech and 5G+AI multimodal digital innovations, today pre-announced its revenue for the third quarter of fiscal year 2025, ended March 31, 2025, which is expected to be approximately $51.9 million, representing an increase of approximately 164.6%, as compared to approximately $19.6 million for the same period in the previous year. The expected increase was primarily driven by sustained growth in the Company's 5G+AI multimodal digital business, continuing the trend of significant market penetration and adoption of Datasea's innovative technological solutions.

Datasea's Top Line Growth Fueled by the Expansion of its State-of-the-Art 5G+AI Multimodal Digital Segment in China

BEIJING, Feb. 14, 2025 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea", the "Company", "we", "us", or "our"), a Nevada−based technology company specializing in 5G+AI multimodal digital solutions and acoustic high−tech innovations, today announced its financial results for its second fiscal quarter ended December 31, 2024. The Company reported revenue of approximately $20.5 million, an increase of approximately 81.4% compared to revenue of approximately $11.3 million for the same period in the prior year. The increase was driven by the accelerated adoption of its 5G+AI multimodal digital business services in China due to the Company's continued commercialization of acoustic high-tech products.

Gross Profit achieved a 310% Increase Year-over-Year

BEIJING, Feb. 5, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or "the Company"), a Nevada-based digital technology company specializing in acoustics high-tech and 5G+AI multimodal digital innovations, today pre-announced that its revenue for the second quarter of fiscal year 2025, ended December 31, 2024, is expected to be approximately $20.5 million, representing an 81% increase compared to $11.3 million for the same year-ago period. Gross profit for the second quarter is estimated to be $0.41million, a 310% increase from $0.1million for the same year-ago period. The expected second quarter increase of these two key income statement metrics was driven by the continued high growth of the Company's 5G AI multimodal digital business and its increased market penetration across China.

With the New Agreements, Products to be Placed in a Total of 463 New Stores with Total Projected Sales of 260,000 Units and Revenue of $19 Million Expected by Year End 2025

BEIJING, Jan. 23, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS), a Nevada-based digital technology company specializing in acoustic high-tech and 5G AI multimodal digital innovation ("Datasea" or "the Company"), today announced a major update for its acoustic high-tech business. Following the successful signing of agreements with 263 beauty salons and body care stores in Northern China at the end of December 2024, Guozhong Haoze (Beijing) Technology Ltd. ("Guozhong Haoze"), a subsidiary of the Chinese operating company contractually controlled by the Company, has now entered into 12 additional agreements with health management companies in Tianjin, one of the largest cities in China, further expanding its reach in January 2025 (the "New Agreements"). The Agreements will place Datasea's acoustic high-tech products in an additional 200 beauty stores across key Northern Chinese markets, including Hebei Province, which are expected to drive sales of 120,000 additional units and provide added revenue of approximately $8.2 million by year end 2025.

The New Agreements Projected to Generate Sales of up to 140,000 Units and $11 Million in Revenue by Year End 2025

BEIJING, Jan. 6, 2025 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS, "Datasea" or "the Company"), a Nevada-based digital technology company specializing in acoustic high-tech and 5G AI multimodal digital innovation, today announced a major milestone for its acoustic high-tech business. On December 28, 2024, Guozhong Haoze (Beijing) Technology Ltd. ("Guozhong Haoze"), a subsidiary of the Chinese operating company contractually controlled by the Company, signed cooperation agreements (the "Agreements") with 14 beauty industry service and management companies, such as Tianjin Chuangfukang Consulting Service Co., Ltd. and Tianjin Haideci Technology Co., Ltd., to place its acoustic high tech products in a total of approximately 263 beauty salons and body care stores in key markets in northern China, including Tianjin and Hebei Province. The Agreements strengthen the Company's market presence in northern China and lay a solid foundation for substantial revenue growth from its acoustic high-tech product segment.

The agreement is expected to generate up to approximately $20.8 million annually

BEIJING, Dec. 2, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada digital technology company focused on innovations in acoustic high-tech and 5G AI multimodal digital technologies, today announced that, on November 23, 2024, the Company hosted a product promotion event for its acoustics high-tech products, named "5G AI: Unlocking the Future with Sound. In addition, during the event Datasea entered into a strategic sales agreement with Qingrong Digital Chain Technology Co., Ltd. ("Qingrong") for the sale of up to an aggregate of 300,000 units of the Company's acoustic high-tech products.

BEIJING, Nov. 19, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada-registered digital technology company focused on innovations in acoustic high-tech and 5G AI multimodal digital technologies, today pre-announced that its revenue for the fiscal year ending June 30, 2025, is expected to be approximately $90.0 million. This represents an increase of $66.0 million, or 275.0%, compared to full-year revenue of $24.0 million in fiscal year 2024.

Datasea's Top-Line Performance Driven by its Further Penetration of China's 5G AI Applications Segment

BEIJING, Nov. 13, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based technology firm, today released its financial results for its first fiscal quarter ended September 30, 2024, reporting robust revenue of $21.1 million, representing 206% growth year-over-year. The increase in revenue was primarily due to the continued success of the Company's leading edge 5G AI multimodal digital business segment sector in China.

BEIJING, Oct. 21, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based digital technology company focused on innovative high-tech acoustics and 5G AI multimodal digital technology, today announced that, as of October 15, 2024, the Company closed its Regulation S offering (the "Offering") with three investors, including its two largest shareholders, the Company's CEO and Director, pursuant to which the Company sold the investors an aggregate of 1,932,224 shares of its common stock (the "Shares").  The purchase price for the Shares was $2.06 per share, which was equal to the closing price of the Company's common stock on The Nasdaq Capital Market on September 26, 2024, the date on which the binding subscription agreements had been entered into by the parties. The investors have agreed to hold the shares for a period of no less than 180 days.

BEIJING, Oct. 10, 2024 /PRNewswire/ -- Datasea Inc. (Nasdaq: DTSS) ("Datasea" or the "Company"), a Nevada-registered digital technology company focused on innovations in acoustics high-tech and 5G AI multimodal digital technologies, today pre-announced that its revenue for the first quarter of fiscal year 2025, ending September 30, 2024, is expected to be approximately $22.7 million. This represents an increase of approximately $15.8 million, or 230%, compared to $6.88 million in revenue for the first quarter of fiscal year 2024. The projected revenue almost matches the Company's full revenue for fiscal year 2024, which was approximately $23.98 million. The strong revenue growth is primarily attributable to the rapid expansion of Datasea's 5G AI multimodal digital business in China.

The Total Value of 5G-AI Contracts Currently in Process Exceeds $100 MM

BEIJING, Sept. 26, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based digital technology company focused on innovative high-tech intelligent acoustics and 5G AI multimodal digital technology, today announced the Company's financial results for its fiscal year ended June 30, 2024, and provided an update on its strategic initiatives.

Fiscal Year 2024 Financial Highlights

Revenue. For the fiscal year ended June 30, 2024, Datasea reported revenue of approximately $24.0 million, an increase of approximately $20.4 million, or approximately 558.6%, as compared to compared to approximately $3.6 million for fiscal year 2023. The substantial growth in revenue is primarily attributable to the rapid expansion of Datasea's 5G AI multimodal digital business in China. The Company's effective marketing and growing customer base has played a critical role in supporting this growth.

Agreements Boost Fiscal 2025 Revenue and Expand Datasea's 5G Application Market Positioning in China

BEIJING, Sept. 17, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based company focused on innovative high-tech acoustics and 5G-Artificial Intelligence ("AI") multimodal digital technology in the United States and China, today announced that, on August 12, 2024, its Chinese subsidiaries, Shuhai Information Technology Co., Ltd. ("Shuhai Information") and Guozhong Times (Beijing) Technology Co., Ltd. ("Guozhong Times"), each entered into an agreement (the "Agreements") with Qingdao Ruizhi Yixing Information Technology Co., Ltd. ("Qingdao Ruizhi Yixing") to supply Qingdao Ruizhi Yixing a range of advanced 5G-AI multimodal services.