Datasea reports September revenue of $2.5M from 5G Messaging business

Datasea recorded revenue of RMB 17.8M, or $2.5M in the month of September 2023, attributable to three of its 5G business segment operating entities. The Company’s September 2023 5G messaging revenue was 12x greater than 5G messaging revenue in September 2022 which came in at RMB 0.15M, or $0.02M. Datasea CEO, Ms. Zhixin Liu, commented, “Our 5G messaging business has recovered rapidly so far this year relative to somewhat discouraging results last year. We signed major contracts beginning in June 2023 that we think could create momentum for this business segment going forward.”