- Datasea (DTSS, Financial) secures two major 5G-AI contracts worth $100 million over a 12-month period.
- The contracts include a renewed partnership with Qingdao Ruizhi Yixing and a new deal with Qingdao Dong'an, each valued at $50 million.
- These agreements support Datasea's fiscal 2025 revenue target of $90 million and promote growth into fiscal 2026.
Datasea Inc. (DTSS) has announced the acquisition of two significant contracts worth a total of $100 million aimed at providing 5G-AI multimodal digital services. The contracts are spread over a 12-month period and include a renewal with existing customer Qingdao Ruizhi Yixing and a new deal with Qingdao Dong'an, each valued at $50 million.
The renewal with Qingdao Ruizhi Yixing, which contributed over $38.3 million in revenue in the first nine months of fiscal 2025, signifies high customer retention and satisfaction. This aspect is critical for technology services where switching costs are high. In contrast, the new agreement with Qingdao Dong'an marks an expansion of Datasea's client base and indicates increasing market recognition.
These contracts not only help achieve Datasea's fiscal 2025 revenue target of $90 million but also lay the foundation for substantial growth in fiscal 2026. The company leverages its proprietary Transformer architecture and distributed AI training methods to provide intelligent solutions across sectors such as e-commerce, digital marketing, fintech, logistics, and health management.
