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Glory Star expected to further increase profitability

Published

4 years ago

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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.

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Press Release

Simi Khanna Launches Simi Beauty SK: A Natural Skincare Line Blending Luxury, Wellness, and Purpose

Published

6 hours ago

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February 7, 2026

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Houston, Texas, United States, 7th Feb 2026 – Entrepreneur and beauty industry professional Simi Khanna has officially launched her new brand, Simi Beauty SK, a natural skincare line designed to bring together luxury, affordability, and wellness in one holistic experience.

Raised in the vibrant and culturally rich city of London, England, Simi’s journey began in fashion, where she studied Fashion Marketing and launched her first business at 24, collaborating with artisans and manufacturers in Jaipur, India to supply high-end boutiques. After years in the beauty industry, she turned her passion and expertise into creating skincare products that are simple, effective, and rooted in nature.

“I wanted to create skincare that feels luxurious yet is accessible to everyone,” said Simi Khanna, Founder of Simi Beauty SK. “My goal is to give people the opportunity to care for their skin with products free of chemicals and synthetics, while also making choices that are good for their health and for the planet.”

The brand’s philosophy is built on synergy with nature. Each formulation is designed as a sensory experience, allowing the skin to absorb plant-based nutrients that promote healing and radiance. Beyond personal care, the company contributes 1% of all sales to tree planting initiatives, reinforcing its commitment to sustainability.

Simi Beauty SK is positioned as an inclusive line for women, men, and younger users who value wellness and conscious living. With future plans to expand into hotels, spas, and retailers, the brand aims to bring luxury natural skincare into spaces where self-care and holistic living are celebrated.

“Launching Simi Beauty SK is more than just starting a skincare line. It’s about inspiring others to keep dreaming and never give up, no matter where they are in life,” Khanna added.

With its launch, Simi Beauty SK introduces a brand narrative rooted in resilience, empathy, and authenticity. Each product reflects Simi Khanna’s mission to empower people to make conscious choices for their well-being, while enjoying the indulgence of luxury skincare.

 

About Simi Beauty SK

Founded by Simi Khanna, Simi Beauty SK is a Houston-based skincare brand offering affordable luxury products crafted with natural ingredients. Guided by a mission to promote wellness, authenticity, and sustainability, the brand donates 1% of sales to tree planting projects. Simi Beauty SK is more than skincare, it is a holistic experience designed to nurture both the skin and the spirit.

Instagram: @simibeautysk

Media Contact

Organization: Simi Beauty SK

Contact Person: Simi Khanna

Website: https://www.simibeautysk.com/

Email:
Simikhanna11@gmail.com

Contact Number: +18322650909

City: Houston

State: Texas

Country:United States

Release id:41092

The post Simi Khanna Launches Simi Beauty SK: A Natural Skincare Line Blending Luxury, Wellness, and Purpose 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

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Press Release

STL Retain Wall Install Pros Sets the Standard for Retaining Wall Installation in St. Louis

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6 hours ago

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February 7, 2026

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United States, 7th Feb 2026 — STL Retain Wall Install Pros, a leading retaining wall company in St. Louis, is proud to announce its continued commitment to providing superior retaining wall installation in St. Louis. With decades of combined experience, the company has become the trusted choice for homeowners, builders, and commercial property developers seeking durable, aesthetically pleasing, and engineered retaining wall solutions.

As urban development and landscaping demands grow, properly designed and constructed retaining walls have never been more critical. They prevent soil erosion, improve drainage, protect foundations, and add visual appeal to outdoor spaces. STL Retain Wall Install Pros specializes in custom-designed walls that meet the unique terrain and weather challenges of the St. Louis area, including clay soils, hillside slopes, and freeze-thaw conditions.

“Our mission has always been to deliver retaining walls that are built to last for generations while enhancing the beauty and functionality of every property,” said Ronnie Stage, owner of STL Retain Wall Install Pros. “Whether it’s a residential garden wall, a terraced backyard, or a heavy-duty structural retaining wall, our team provides precision-engineered solutions that homeowners and businesses can trust.”

Comprehensive Retaining Wall Services

STL Retain Wall Install Pros offers a complete range of retaining wall services including:

  • Residential and Commercial Retaining Wall Installation – From small garden walls to multi-tiered structural walls, the team ensures every project is engineered for long-term durability.
  • Erosion Control and Drainage Solutions – Expert installation of perforated drain pipes, gravel backfill, geogrid reinforcement, and waterproof membranes ensures walls remain stable through heavy rain and soil movement.
  • Decorative and Functional Landscaping – Customers can choose from natural stone, concrete blocks, timber, gabion walls, and other materials to create a customized outdoor look.
  • Patios, Pergolas, and Outdoor Living Spaces – Integrated designs combine retaining walls with patios, outdoor kitchens, and garden features for both functionality and style.

Every project begins with a thorough site evaluation and soil analysis, followed by a tailored design and material selection. STL Retain Wall Install Pros’ engineering-first approach includes proper excavation, soil compaction, drainage planning, and reinforced construction to guarantee structural integrity.

Why Choose STL Retain Wall Install Pros

  • Licensed & Insured – Professional installation for residential and commercial projects.
  • Specialized Expertise – Expertise in concrete block, stone, modular, timber, and segmental retaining walls.
  • Dependable Service – Reliable scheduling and minimal disruption for homeowners and businesses.
  • Free Consultations & Quotes – Transparent pricing with detailed recommendations.

“Retaining walls are more than just structural necessities—they’re design statements that enhance property value and usability,” said Stage. “Our goal is to provide every St. Louis property owner with a wall that is both beautiful and built to last.”

STL Retain Wall Install Pros proudly serves the St. Louis metropolitan area, including Chesterfield, Kirkwood, Webster Groves, Ballwin, Fenton, St. Charles, Sunset Hills, Arnold, and Maryland Heights.

For more information or to schedule a free consultation, visit www.stlretainwallinstall.com or call +1 314-922-9604.

About STL Retain Wall Install Pros

STL Retain Wall Install Pros is a trusted retaining wall company in St. Louis specializing in engineered retaining walls, drainage solutions, and outdoor landscaping projects. With decades of experience and hundreds of successful installations, the company is committed to delivering quality craftsmanship, reliable service, and innovative solutions for residential and commercial properties.

Media Contact

Organization: STL Retain Wall Install Pros

Contact Person: Ronnie Stage

Website: https://www.stlretainwallinstall.com/

Email: Send Email

Contact Number: +13149229604

Address:1106 Waycross Pl, Arnold, MO

Country:United States

Release id:41122

The post STL Retain Wall Install Pros Sets the Standard for Retaining Wall Installation in St. Louis 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

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More Than Accountants Brings Proven UK Success to the UAE: Launching Fixed-Fee, Proactive Accounting Services Across the Emirates

Published

7 hours ago

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February 7, 2026

By

United Arab Emirates, 7th Feb 2026 – More Than Accountants, a UK-based accounting firm renowned for its proactive and client-focused approach, is expanding its services to the United Arab Emirates, bringing a fresh, fixed-fee accounting solution designed to support businesses across Dubai, Abu Dhabi, Sharjah, Al Ain, and other Emirates. The firm’s entry into the UAE market signals a new era of transparent, all-inclusive accountancy services tailored to meet the needs of small to medium-sized companies in both Mainland and Free Zone sectors.

With over 5,000 satisfied clients in the UK, More Than Accountants has built a reputation for delivering unlimited accounting support, accurate bookkeeping, VAT and corporate tax filings, payroll management, audit coordination, and detailed financial reporting—all for a predictable, fixed monthly fee. The company’s signature service model is designed to reduce financial stress for business owners, allowing them to focus on growth while ensuring compliance with local regulations.

“Our goal is simple,” said James Duffy, UAE Managing Director of More Than Accountants. “We provide businesses with a full suite of accounting services under one fixed-fee package, removing the uncertainty and hidden costs that often come with traditional accountancy services. Companies in the UAE can now enjoy the same high-quality support that has made our UK services so successful.”

Comprehensive Accounting Solutions for Every Business Type

More Than Accountants UAE offers specialized services to support different company structures, including Limited Liability Companies, Mainland businesses, and Free Zone entities. Key services include:

  • Company Accounts & Bookkeeping: Accurate, timely recording of all financial transactions using cloud-based Zoho Books software integrated with Akrio Receipt Reading Technology.
  • VAT & Corporate Tax Filing: Full management of VAT registration, reporting, and corporate tax obligations, ensuring compliance with Federal Tax Authority requirements.
  • Audit Coordination: Liaising with auditors to prepare audit-ready financial statements and coordinate the audit process.
  • Payroll Services: Comprehensive management of employee payroll, including salaries, benefits, and statutory compliance.
  • Unlimited Accountant Support: Direct access to qualified accountants via phone and email, with a three-hour response time to all enquiries.
  • Management Reports & Tax Advice: Monthly or quarterly reporting to provide business insights, coupled with proactive tax guidance to optimize company performance.

Unlike conventional accounting services, More Than Accountants UAE emphasizes a proactive approach, offering regular advice to help businesses reduce tax liabilities, improve financial decision-making, and maximize profitability.

Seamless Transition for Businesses

The firm ensures a smooth onboarding process, handling all communications with previous accountants and the FTA where necessary. Businesses transitioning to More Than Accountants can expect minimal disruption, with all accounting and tax matters brought up to date promptly.

Trusted by Hundreds of Businesses Across the UAE

Early adopters of More Than Accountants UAE have praised the firm for its professionalism, responsiveness, and comprehensive support. Clients highlight the firm’s ability to simplify complex accounting tasks and provide tailored guidance to improve financial health. With glowing reviews across Google and Trustpilot, the firm is rapidly becoming a preferred partner for UAE businesses seeking dependable and transparent accounting services.

About More Than Accountants UAE

More Than Accountants UAE is part of the internationally recognized More Than Accountants group, bringing UK accounting expertise to the UAE. The firm specializes in fixed-fee, unlimited accounting packages that include bookkeeping, corporate tax, VAT, payroll, financial reporting, audit coordination, and proactive business advice.

For more information or to generate a personalized quote, visit https://www.morethanaccountants.ae or contact James Duffy at info@morethanaccountants.ae.
Website: https://www.morethanaccountants.ae
Phone: +971 54 796 3976

Media Contact

Organization: More Than Accountants UAE

Contact Person: James Duffy

Website: https://www.morethanaccountants.ae/

Email: Send Email

Country:United Arab Emirates

Release id:41112

The post More Than Accountants Brings Proven UK Success to the UAE: Launching Fixed-Fee, Proactive Accounting Services Across the Emirates 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

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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.

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