Datasea Inc. (DTSS) pre-announced revenue for the third quarter, which is expected to be approximately $51.9 million, representing an increase of approximately 164.6%, compared to approximately $19.6 million for the same period in the previous year. The company said the expected increase was primarily driven by sustained growth in the 5G+AI multimodal digital business.
Zhixin Liu, CEO of Datasea, said, "We remain focused on achieving our projected annual revenue of $90 million and are confident in our ability to meet this ambitious goal."
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.