Datasea Delivers Three AI Multimodal Contracts Worth USD 1.01M, Completes BVI Merger
Datasea Intelligent Technology delivered three AI multimodal solution projects valued at RMB 6.9 million (USD 1.01 million) and will recognize the related revenue under applicable accounting standards. The company completed its redomicile merger from Nevada to the British Virgin Islands effective April 16, 2026, solidifying its public holding structure.
1. Project Delivery and Contract Value
Datasea’s China-based VIE completed delivery of three AI multimodal solution projects totaling RMB 6.9 million (USD 1.01 million) in contract value. Revenue recognition will follow applicable accounting standards once services meet project requirements.
2. Strategic Transition to High-Margin Solutions
The completed projects underscore Datasea’s shift toward higher-margin, solution-driven business lines, enhancing customer stickiness across AI multimodal applications. Management expects these engagements to generate strong gross profit contributions and validate its platform capabilities.
3. Redomicile Merger Completion
Effective April 16, 2026, Datasea merged its Nevada holding into a British Virgin Islands entity, with Datasea Intelligent Technology Ltd. as the surviving public holding company. Its Class A ordinary shares continue trading on the Nasdaq Capital Market under the same ticker.
4. Growth Strategy and Market Expansion
Leveraging multimodal data processing and intelligent agent capabilities, Datasea is expanding into small and micro enterprise services, new media marketing, digital rural applications and beauty and wellness digitalization. The company remains focused on improving operational performance and delivering sustainable long-term value.