Business
Datasea Announces Strategic Partnership with Sales and Marketing Firm for the Launch of Intelligent Acoustic Skin Repair Robot
BEIJING, Aug. 29, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a digital technology corporation engaged in converging and
About this update from Datasea Intelligent Technology Ltd.
[{"type":"text","content":"BEIJING, Aug. 29, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) (\"Datasea\" or the \"Company\"), a digital technology corporation engaged in converging and innovative business segment for intelligent acoustics technology in China today announced that Shuhai Information Technology Co., Ltd. (\"Shuhai Information \"), the Chinese operating company contractually controlled by the Company, has entered a sales performance and Equity Adjustment Agreement with a top-tier partner possessing industry product sales capabilities. This alliance is slated for the upcoming launch of its non-contact Intelligent Acoustic Skin Repair Robot. Alongside this partnership, Shuhai Information is also launching a 100% owned subsidiary to exclusively market the new intelligent acoustics medical cosmetology and medical health product. This marks an important evolution in the company's acoustic technology journey.\n\n \n \n \n \n \n \n\n \nThe Partnership\nThis partnership aims to synergize Datasea Inc.'s expertise in acoustic technology with the partner's robust capabilities in sales, marketing, and market operations, specifically in the beauty industry. The agreement outlines various milestones for unlocking equity in this groundbreaking venture. For instance, should the new venture achieve an operating revenue of RMB 500 million yuan within the first fiscal year, the partnering firm will become eligible for an equity transfer of 5% for the new subsidiary.\nAn Important Evolution\n\"Following the success of our ultrasonic sterilization devices, which have proven extremely effective at eliminating viruses and bacteria, we're entering an important new phase with this partnership and the creation of our wholly-owned subsidiary,\" said Ms. Zhixin Liu, CEO of Datasea Inc.\nA Vision for the Future\nMs. Zhixin Liu, CEO of Datasea Inc., added, \"This strategic alliance and our new subsidiary represent a significant step forward for us. By combining our revolutionary acoustic technology with the partner's sales and marketing expertise, we are poised to redefine the non-contact beauty treatment sector and elevate personal care standards. The potential for acoustic technology is limitless\"\nThe partnership takes effect from July 1, 2023, with the aim of creating a global market presence for the non-contact Intelligent Acoustic Skin Repair Robot.\nAbout Datas...