Datasea Enters into a $22.3 Million Purchase Agreement to Provide 5G Messaging Services

Datasea Inc. incorporated in Nevada on September 2014, is a digital technology corporation engaged in three converging and innovative business segments: 5G messaging, acoustic intelligence, and smart city technology in China. Today, the Company announced that Guohao Century (Beijing) Technology Ltd. (“Guohao Century”), a subsidiary of the Chinese operating company contractually controlled by the Company, has entered into a purchase agreement with Hangzhou Runsheng Network Technology Ltd. (“Hangzhou Runsheng”), a leading marketing service provider offering a suite of powerful marketing automation features to enterprises including China UnionPay, Ping An Group, and JD.com, etc. The agreement reflects an acceleration in demand for Datasea’s 5G messaging services and penetration in the 5G messaging market.

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Datasea provides 5G messaging services to enhance communication workflows and drill deep into the brands and organizations on Hangzhou Runsheng’s new client wishlist. With the aim of delivering timely, consistent, and compelling communications to convert browsers to buyers, Guohao Century will act as the supplier and provide: 1) 5G messaging recharge payment services of China Mobile, China Unicom, and China Telecom; 2) A technical interface as a transmission channel to track transaction data; and 3) 5G short messages and telecommunication value-added services for Hangzhou Runsheng. The service fee will be prepaid by Hangzhou Runsheng and the total purchase amount will be approximately USD 22.3 million (RMB 150 million).

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Commenting on today’s announcement, 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. Datasea’s 5G messaging get companies more shots on operational goals by sourcing perfect fit prospects and advancing them to communications that fill the sales funnel. The continuous business development and operation in 5G messaging business have put our company in a strong position and set the stage for reaching our revenue and profitability goals.”

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