The fully-owned business unit Shuhai Zhangxun Information Technology Co., Ltd. (Shuhai Zhangxun) of Datasea Inc. (NASDAQ: DTSS) has struck groundbreaking deals in China which sends the stock of the firm soaring at the time of writing on Wednesday. The business unit of DTSS has inked six purchase and distribution agreements in China.
These distribution and purchase agreements are signed to offer 5G Message-marketing Cloud Platform (5G MMCP) Version 3.0 and further optimized product availability countrywide in China by increasing new district partners. Shuhai Zhangxun inked purchase and distribution agreements with six firms situated in Nei Mongol, Anhui, Chongqing, and Zhejiang.
Shares of Datasea skyrocketed 41.14% as the firm has gained +1.21 at the time of writing on Wednesday. The firm has recorded a trading volume of 74.37 million as compared to the average volume of 880.11K. It has been disclosed that as per the deals six firms will collaborate with Shuhai Zhangxun as district partners, have exclusive permission in chosen districts to deliver 5G MMCP Version 3.0, and have access to a sales commission.
Furthermore, six firms will give Shuhai Zhangxun for offering 5G Messaging products and services and the total value of these engagements is RMB 886,000 (or USD 136,940 nearly) in exchange. Shuhai Zhangxun has already obtained RMB 490,400 (or USD 75,796 nearly).
Moreover, 5G MMCP is a product designed to combine customer and potential marketing signals in a single view with functions like precise SaaS value-added services, data monetization, and message-marketing.