Datasea Shares Surge On AI-Services Contracts

Dow Jones

18 Sep 2024

By Chris Wack

Datasea shares surged after the company said its subsidiaries have signed multiple artificial-intelligence-related contracts.

Shares of the technology company were recently up 36% at $3.08, after it said its Chinese subsidiaries each entered into an agreement with Qingdao Ruizhi Yixing Information Technology to supply advanced 5G-AI multimodal services.

As of Sept. 12, Datasea said its subsidiaries had already provided services worth an estimated $9 million to Qingdao Ruizhi Yixing. Datasea is providing 5G-AI multimodal digital services, including enhanced products and specialized marketing tools, tailored to meet the needs of Qingdao Ruizhi Yixing's business customers.

The contracts could total up to $30 million over the course of 12 months, the company said, and will have a "substantially positive" revenue impact on its financial performance in fiscal 2025.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

September 17, 2024 13:44 ET (17:44 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.tigerhkgo.com/news/2468360926"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2468360926\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2468360926?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-18 01:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2468360926","market":"us","top_or_hot":-1,"title":"Datasea Shares Surge On AI-Services Contracts","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Datasea shares surged after the company said its subsidiaries have signed multiple artificial-intelligence-related contracts. \n</p>\n<p>\n  Shares of the technology company were recently up 36% at $3.08, after it said its Chinese subsidiaries each entered into an agreement with Qingdao Ruizhi Yixing Information Technology to supply advanced 5G-AI multimodal services. \n</p>\n<p>\n  As of Sept. 12, Datasea said its subsidiaries had already provided services worth an estimated $9 million to Qingdao Ruizhi Yixing. Datasea is providing 5G-AI multimodal digital services, including enhanced products and specialized marketing tools, tailored to meet the needs of Qingdao Ruizhi Yixing's business customers. \n</p>\n<p>\n  The contracts could total up to $30 million over the course of 12 months, the company said, and will have a \"substantially positive\" revenue impact on its financial performance in fiscal 2025. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 17, 2024 13:44 ET (17:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Datasea Shares Surge On AI-Services Contracts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDatasea Shares Surge On AI-Services Contracts\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-18 01:44</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Datasea shares surged after the company said its subsidiaries have signed multiple artificial-intelligence-related contracts. \n</p>\n<p>\n  Shares of the technology company were recently up 36% at $3.08, after it said its Chinese subsidiaries each entered into an agreement with Qingdao Ruizhi Yixing Information Technology to supply advanced 5G-AI multimodal services. \n</p>\n<p>\n  As of Sept. 12, Datasea said its subsidiaries had already provided services worth an estimated $9 million to Qingdao Ruizhi Yixing. Datasea is providing 5G-AI multimodal digital services, including enhanced products and specialized marketing tools, tailored to meet the needs of Qingdao Ruizhi Yixing's business customers. \n</p>\n<p>\n  The contracts could total up to $30 million over the course of 12 months, the company said, and will have a \"substantially positive\" revenue impact on its financial performance in fiscal 2025. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 17, 2024 13:44 ET (17:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4563","symbol_name":"昨日强势股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2468360926","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468360926","pubTimestamp":1726595040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Datasea shares surged after the company said its subsidiaries have signed multiple artificial-intelligence-related contracts.Shares of the technology company were recently up 36% at $3.08, after it said its Chinese subsidiaries each entered into an agreement with Qingdao Ruizhi Yixing Information Technology to supply advanced 5G-AI multimodal services.As of Sept. 12, Datasea said its subsidiaries had already provided services worth an estimated $9 million to Qingdao Ruizhi Yixing. Datasea is providing 5G-AI multimodal digital services, including enhanced products and specialized marketing tools, tailored to meet the needs of Qingdao Ruizhi Yixing's business customers.The contracts could total up to $30 million over the course of 12 months, the company said, and will have a \"substantially positive\" revenue impact on its financial performance in fiscal 2025.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4563":"昨日强势股","BK4097":"系统软件","DTSS":"数海信息"},"translate_title":"Datasea股价因人工智能服务合同而飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DTSS":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  Datasea shares surged after the company said its subsidiaries have signed multiple artificial-intelligence-related contracts. \n\n\n  Shares of the technology company were recently up 36% at $3.08, after it said its Chinese subsidiaries each entered into an agreement with Qingdao Ruizhi Yixing Information Technology to supply advanced 5G-AI multimodal services. \n\n\n  As of Sept. 12, Datasea said its subsidiaries had already provided services worth an estimated $9 million to Qingdao Ruizhi Yixing. Datasea is providing 5G-AI multimodal digital services, including enhanced products and specialized marketing tools, tailored to meet the needs of Qingdao Ruizhi Yixing's business customers. \n\n\n  The contracts could total up to $30 million over the course of 12 months, the company said, and will have a \"substantially positive\" revenue impact on its financial performance in fiscal 2025. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 17, 2024 13:44 ET (17:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}