Shares of Datasea Inc. (DTSS) are currently gaining nearly 70% after the Chinese company said its subsidiary has inked several purchase and distribution agreements to provide 5G Message-marketing Cloud Platform.
DTSS is currently trading at $4.95, up $2.02 or 68.942%, on the Nasdaq. Trading volume for the day has surpassed 53.3 million shares, far above the average volume of 879 thousand. The stock has traded between $1.69 and $6.84 in the 52-week period. Datasea has gained over 150% in that period.
Datasea said its wholly-owned subsidiary company named Shuhai Zhangxun Information Technology Co., Ltd. has signed six purchase and distribution agreements to provide 5G Message-marketing Cloud Platform Version 3.0 and further enhanced product availability nationwide in China by adding new district partners.
5G MMCP is a product intending to unify customer and prospect marketing signals in a single view with functions like precise SaaS value-added services, data monetization and message-marketing.
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