RTTNews | Jan 14, 2021 09:53AM EST

09:52 Thursday, January 14, 2021 (RTTNews.com) - Shares of Datasea Inc. (DTSS) are surging nearly 50% on Thursday morning after the technology company announced that it has started a new subsidiary to focus on 5G opportunities and related value-added services.

DTSS is currently trading at $3.55, up $1.17 or 49.21%, on the Nasdaq.

Datasea, a technology company engaged in providing smart security solutions, smart hardware and education- related technologies in China, said it established a new subsidiary company named Shuhai Zhangxun Information Technology Co., Ltd. to explore opportunities in the 5G field and 5G value-added services.

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