Connect with us

Press Release

Glory Star expected to further increase profitability

Published

4 years ago

on

Glory Star New Media Group, a Nasdaq-listed digital media platform and content-driven e-commerce company in China, is expected to be able to further increase its profitability with its growing market share and economy of scale.

The company reported a 15.8% growth in its Non-GAAP net income to US$16.9 million for the six-months ended June 30 from US$14.6 million in the same period of last year.

During the first half of this year, the company’s total revenues grew 144.6% to US$71.9 million from US$29.4 million, thanks to the increase in advertising revenues and Cheers e-Mall marketplace service revenue, primarily attributable to the development and promotion of its mobile and online businesses.

Income from operations surged 40.9% to US$16.2 million from US$11.5 million.

During the first half year of 2021, the company successfully grew its top and bottom lines as it allocated more resources to sales and marketing to augment its brand equity and fuel its long-term growth engine.

The company’s rising economy of scale will allow it to gradually reduce operating expenses and capitalize on the rising popularity of video content and deliver lasting shareholder value.

At the end of June 30, the number of downloads of the company’s Cheers App reached 215.6 million, up from 121 million a year earlier. The increase in the number, a key indicator of the attractiveness and usability of its Cheers App and its e-Mall platform traffic, showed that it had successfully converted viewers of its content to its Cheers App.

Average daily active users (DAUs) of the app grew to 7.1 million from 4.5 million for the same period. Stock Keeping Units (SKUs) on its Cheers e-Mall platform jumped to 231,630 from 19,984.

Gross Merchandise Value (GMV) of the Cheers App reached US$181.2 million in the first six months of this year, compared with US$20 million in the same period of 2020. The increase in GMV was driven significantly by its ability to attract and retain users to its Cheers App through its professionally produced content and its ability to further enhance its product offerings.

The company has a strong commitment to its corporate mission, meticulous execution of growth strategies, methodical expansion in both overseas and domestic markets, proactive engagement of Generation Z users through innovative products, and prudent investment in sales and marketing initiatives. It plans to refine its competitive edge in content-driven e-commerce of premium lifestyle, deepen our expertise in integrating quality content with lifestyle commerce, and expand our brand influence among Generation Z consumers on a global basis.

During the first half year, the resurgence of Covid-19 and its Delta variant caused the Chinese government to impose travel restrictions within mainland China, particularly in the southern regions of the country.

The company temporarily suspended the production of its traditional “Cheers Series” TV programs, thus resulting in a decline in its cost of revenues during the first six month of 2021. Once the travel restrictions are eased, the company will resume its content production activities in the second half of this year.

As of June 30, 2021, the company had cash and cash equivalents of US$20.3 million, compared with US$17.7 million at the end of last year.

Blockchain and AI technologies

Since its establishment in 2016, Glory Star has pioneered a unique, new business model integrating e-commerce services with premium video content. With the use of blockchain and AI technologies in its systems, the company has become a leading online digital media and entertainment company in China, with a strong track record both in terms of viewership and production capabilities. The company launched its Cheers App in 2018 to integrate e-commerce services with professionally generated content (PGC).

During the first half, the company produced many more live streaming shows and started to provide title sponsor advertising services at a higher price point. It also spent substantially on the development of the Cheers Chat and Cheers Car.

The company plans to provide more user-generated content (UGC) by forming partnerships with other platforms. It will allow global users to upload their content to its video platforms in the fourth quarter of this year while users will receive advertising revenue or get rewards from viewers directly.

The company will also allow content providers to use its software-as-a-service (SaaS) supply chain system with the blockchain technology that will help them match with relevant merchandisers. Content providers will be able to share the revenue from the sales of products on their video accounts.

The company’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives.

Its large and active user base has created valuable engagement opportunities with consumers and enhanced platform stickiness with thousands of domestic and international brands.

Non-fungible token

Glory Star’s Naschain platform offers one-stop solutions, which include smart contract, multichain universe and cross-chain consensus mechanisms, to users with its blockchain technology. It can help e-shoppers trace the origins of the products, avoid buying counterfeit goods, lower their logistics costs and protect their privacy.

The company has signed an agreement with the Beijing Minsheng Art Museum to use the company’s non-fungible token (NFT) technology, which can be used in copy-rights’ registration, verification, transaction and valuation, to protect the intellectual property of the museum’s artworks. The company will be able to boost its market share by acquiring some NFT service providers.

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Related Topics:
Continue Reading

Press Release

Tofu Launches Mobile Invoicing App for US Contractors and Small Businesses

Published

1 hour ago

on

September 13, 2025

By

Prague, Czechia – Tofu, a rapidly growing invoicing and payment app, has officially announced the expansion of its mobile-first platform designed for US-based contractors, freelancers, and small businesses. With over 1.9 million downloads and a stellar 4.9/5 rating across the App Store and Google Play, Tofu is setting a new standard in field-ready invoicing, offering contractors a fast, reliable, and professional way to send invoices, create estimates, and get paid on the go.

Built for industries that rely on speed and simplicity—including electricians, plumbers, HVAC technicians, landscapers, cleaners, auto repair shops, and general contractors—Tofu enables users to generate invoices in under a minute, send them as branded PDFs, and track their status in real time.

Key Features of Tofu:

  • Mobile & Web Access – Create invoices and estimates anytime on iOS, Android, or desktop.
  • Fast Invoicing – Build professional, branded invoices in minutes with taxes, discounts, and reusable notes.
  • Smart Tracking – Monitor invoices across statuses: Sent, Viewed, and Paid.
  • Flexible Payments – Accept Visa, Mastercard, Apple Pay, Google Pay, Zelle, ACH, and more via Stripe.
  • One-Tap Estimates – Convert approved estimates into invoices instantly, reducing errors and delays.
  • Offline Access – Optimized for contractors working in the field.

Pricing Made Simple

  • Plus Plan: $9 per week / $99 per year – 10 invoices per month with core features.
  • Premium Plan: $19 per month / $156 per year – Unlimited invoices, estimates, photo attachments, and multiple profiles.

Both tiers include easy onboarding, with most businesses able to set up and send their first invoice in under 10 minutes.

Trusted by Contractors Nationwide

Tofu is more than just an invoicing tool—it’s a proven solution helping US contractors close jobs faster and keep cash flow moving. For example:

  • Electricians can attach before/after photos to invoices.
  • Landscapers can send on-the-spot estimates and convert them with one tap.
  • Freelancers can issue branded invoices and track payments across projects.

“Our mission with Tofu is simple: make invoicing effortless for small businesses and contractors who don’t have time for complicated accounting software,” said a company spokesperson. “With Tofu, you can invoice from anywhere—your truck, the job site, or your kitchen table—and get paid faster.”

About Tofu

Tofu is a leading invoicing and estimate app built for contractors, small businesses, and freelancers across the US. With mobile-first design, seamless payment integration, and a focus on simplicity, Tofu helps businesses stay organized, professional, and paid—without the steep learning curve of traditional accounting software.

For more information, visit: https://tofu.com

Media Contact

Organization: Tofu

Contact Person: Roman Malyshev

Website: https://tofu.com

Email:
info@tofu.com

Country:Czech Republic

Release id:33920

The post Tofu Launches Mobile Invoicing App for US Contractors and Small Businesses appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

PDFtoCSVConverter Launches New AI-Powered PDF to CSV Converter

Published

1 hour ago

on

September 13, 2025

By

PDFtoCSVConverter.co introduces a high-accuracy, AI-powered platform that converts PDFs into clean CSV files in seconds, helping finance and operations teams save time, reduce errors, and scale without extra hires.

New York, United States, 13th Sept 2025 – PDFtoCSVConverter.co has announced the launch of its next-generation AI-powered PDF to CSV converter, designed to streamline data extraction for finance and operations professionals. The software converts PDFs into clean CSV files in seconds, eliminating hours of manual entry while improving accuracy.

Unlike other tools that require lengthy setup or model training, PDFtoCSVConverter.co works instantly with invoices, statements, and a wide range of document types. Users can upload PDFs from desktops, shared drives, or email, and export structured results directly to Excel, Google Sheets, QuickBooks, or ERP systems. The platform also allows users to add plain-English instructions for extracting specific data points, making customization simple and intuitive.

“Finance and operations teams spend countless hours rekeying data, which is both costly and error-prone,” said James Wilson, press contact for PDFtoCSVConverter.co. “Our platform automates that process, freeing teams from repetitive tasks and delivering accuracy that scales with business needs.”

Early users share that PDFtoCSVConverter.co has taken the pain out of manual data entry. Many say they’ve saved hours each week, reduced costly errors, and freed up team capacity for more important work. What once felt like a never-ending task of retyping data now gets done in just minutes, making the tool feel like an extra set of hands on the team.

About PDFtoCSVConverter.co

PDFtoCSVConverter.co provides a secure, scalable AI-powered PDF to CSV conversion solution trusted by hundreds of finance and operations teams worldwide. Designed for accuracy, speed, and ease of use, the platform helps businesses automate manual processes, reduce errors, and scale efficiently, without adding more staff.

Media Contact

Organization: PDFtoCSVConverter.co

Contact Person: James Wilson

Website: https://www.pdftocsvconverter.co/

Email:
media@pdftocsvconverter.co

State: New York

Country:United States

Release id:33926

The post PDFtoCSVConverter Launches New AI-Powered PDF to CSV Converter appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

DigiPayGuru Launches Smart Prepaid Card Solution to Power Secure Scalable Payments Across Banking & Fintech Sectors

Published

1 hour ago

on

September 13, 2025

By

Dallas, Texas –  DigiPay.Guru, a trusted innovator in digital payment technology, launched its next-generation Prepaid Card Management and Issuance Solution, purpose-built for financial institutions, fintechs, and businesses seeking faster, safer, and more customizable cashless experiences.

The global prepaid card market is projected to reach $5.3 trillion by 2027, driven by rising demand for alternatives to traditional banking and real-time payment infrastructure. DigiPay.Guru’s prepaid card solution is tailored to meet that demand with full-stack features for issuing, managing, and tracking card programs from one unified interface.

“We created this solution to remove the barriers of traditional card issuance,” said Rahul Patel, CEO of DigiPay.Guru. “Our clients can now launch secure & branded card programs with agility and confidence, whether they’re disbursing salaries, offering loyalty rewards, or modernizing enterprise expenses.”

Meeting the Growing Demand for Digital Disbursement

From government subsidies, corporate payroll, and prepaid virtual cards to retail gift cards and gig-economy payments, prepaid card use cases have expanded rapidly. However, managing these programs still remains complex for many issuers.

DigiPay.Guru’s new prepaid card payment system streamlines everything from onboarding to fraud protection. This makes it easy for financial service providers to offer secure and compliant card experiences at scale.

Platform Highlights Include:

  • Instant Card Lifecycle Management
    Issue, suspend, reload, or deactivate cards in real time using a central dashboard with full user and transaction control.
  • Multi-Currency & Contactless Support
    Cards support major currencies and NFC-ready transactions, enabling global usability in both physical and online environments.
  • AI-Powered Security & Compliance
    Built on PCI-SSF certified infrastructure, the platform protects user data and detects anomalies through intelligent fraud analytics.
  • Advanced Reporting & Spending Controls
    Institutions can monitor card usage with real-time dashboards, set spending limits, and generate insights to optimize engagement.
  • White-Label Branding
    Launch prepaid programs under your own brand, with UI flexibility tailored to enterprise, retail, or B2C deployments.
  • Seamless Backend Integration
    RESTful APIs and SDKs ensure easy interoperability with core banking systems, ERPs, and digital wallets.

Trusted by Clients in 15+ Countries

With over a decade of experience and deployments across Africa, Asia, and the Middle East, DigiPay.Guru has built a reputation for delivering high-performance platforms in e-wallets, eKYC, remittance, and agency banking.

This latest launch solidifies the company’s mission to help banks, fintechs, and financial institutions build inclusive, modular, and future-ready financial ecosystems.

About DigiPay.Guru
DigiPay.Guru is a leading digital payment solutions provider for the next generation of financial services. With a presence in 15+ countries worldwide, its modular solutions enable banks, fintechs, and enterprises to launch prepaid card programs, mobile wallets, agency banking, merchant acquiring, and eKYC services faster and more securely.

Media Contact

Organization: DigiPay.Guru

Contact Person: Nikunj Gundaniya

Website: https://www.digipay.guru/

Email:
hello@digipay.guru

Country:United States

Release id:33886

The post DigiPayGuru Launches Smart Prepaid Card Solution to Power Secure Scalable Payments Across Banking & Fintech Sectors appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us