01:54 PM EDT, 09/17/2024 (MT Newswires) -- Datasea ( DTSS ) said Tuesday its Chinese subsidiaries agreed to provide advanced 5G-Artificial Intelligence multimodal services to Qingdao Ruizhi Yixing Information Technology.

Shuhai Information Technology and Guozhong Times (Beijing) Technology started providing 5G services to mobile internet services provider Qingdao Ruizhi Yixing on Aug. 12, and have so far provided approximately $9 million worth of services, as of Sept. 12, Datasea ( DTSS ) said.

The overall agreements is valued at $30 million over a period of 12 months, the company said.

Datasea ( DTSS ) shares jumped nearly 43% in recent trading.

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