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Glory Star expected to further increase profitability

Published

5 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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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.

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Press Release

Viriora Integrates Conversational AI Into Its Platform, Giving Clients Scenario Analysis and Risk Modelling

Published

10 minutes ago

on

July 20, 2026

By

Panama City, Panama, July 20th, 2026, FinanceWire

Viriora, the multi-asset CFD and investment broker, has announced the integration of a conversational AI system directly into its trading platform, alongside a broader rollout of AI-powered chart analysis tools across its analytics department.

The developments represent a significant step in the firm’s long-term strategy to give clients the kind of analytical capability that has historically been reserved for institutional trading desks.

What the AI Does for Clients

The most visible change is one clients can interact with immediately. The platform now allows users to pose questions directly through a conversational interface and receive tailored responses covering scenario modelling, risk management parameters, and backward-looking performance analysis. A client considering a position can ask what a given investment size would have returned over the past twelve months and receive a structured answer rather than a raw data set.

The intention is not to replace client judgement or the role of their account manager. It is to give both parties a faster, cleaner basis for making decisions. Scenario analysis that once required a separate consultation can now happen in the moment, on the platform, with the client actively involved in the process.

Behind the Platform, a More Accurate Analytics Department

The second strand of the rollout is less visible to clients but arguably more consequential over time. Viriora’s analytics department is now using AI-powered algorithmic tools to work through market chart data at a scale and consistency that would not have been practical manually.

The result is a more reliable foundation for portfolio construction. Investment recommendations coming out of the department are built on pattern recognition across a broader data set, reducing the influence of individual blind spots and improving the overall quality of the analysis that reaches clients.

Account managers Konrad Schneider and Tom Berger, two of the firm’s most established portfolio specialists, have already demonstrated what that combination of human expertise and sharper analytical tools can produce. Both have built portfolios this year that have outperformed client expectations, and both have spoken about the change in how they can work with data since the tools were introduced.

“The analysis is sharper and it takes less time to get there,” said Konrad Schneider, PR Responsable. “That gives us more time to spend with clients on the decisions themselves, which is where the real value is.”

A New Chapter with Viriora

The company offers access to CFD products and investment portfolio services across multiple asset classes.

The timing of this rollout reflects a broader shift in how regulated brokers are approaching the question of client value. Compliance and execution have long been the floor. The firms that are growing are the ones investing in the analytical layer above that floor, in the tools and the people that help clients make better decisions with the access they already have.

Viriora’s position is that AI is most useful not as a replacement for the human layer but as an amplifier of it. The platform handles the data. The account manager handles the relationship. The client, better informed than before, makes the call.

For more information, users can visit https://viriora.com/

About Viriora

Viriora is a trade name of Finco Group LLC, incorporated in the Republic of Panama. The company provides an advanced AI-powered trading platform alongside professional investment portfolio consulting services, serving clients across multiple asset classes as a multi-asset CFD and investment broker.

Website: https://viriora.com/

Contact

Konrad Schneider
support@viriora.com

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Press Release

GLOBAL MEDIA PROCUREMENT: THE 500-YEAR YIXING ZISHA TEAPOTS PARADIGM

Published

9 hours ago

on

July 20, 2026

By

Auckland, New Zealand, July 20th, 2026, Chainwire

The Request for Proposal Regarding High-Specification Cryptographic Provenance

GLOBAL COMPLIANCE FRAMEWORK & THE 500-YEAR YIXING ZISHA TEAPOTS REAL-WORLD ASSET (RWA) LINEAGE 】

THE JUDGE ARCHIVE-LAB LIMITED (NZ) launches an international technical initiative to establish the definitive 500-year paradigm of Yixing Zisha Teapots. Centering on the “Genesis No. 001” masterpiece, this framework uses high-precision, 100-Megapixel Hasselblad digital scanning for permanent RWA (Real-World Asset) archival and codification, separating “500-year cultural lineage” from mere ephemeral narratives.

【 OFFICIAL ACADEMIC PROVENANCE & HISTORICAL CONTEXT 】

This initiative is anchored in five key institutional verifications:

1. LUO RE-POSIT(S) CENTURIES-OLD CHINESE ARTISTIC TRADITIONS OF ART WITHIN CONTEMPORARY FORMS, TECHNIQUES, AND IDEAS.

—— THE CLAY STUDIO COLLECTION (ACCESSED VIA EHIVE DIGITAL ARCHIVE, REF: PC311 | HISTORICAL OBJECT: YIXING TEAPOTS)

[ THE JUDGE ARCHIVE-LAB DATA COGNITION ] THE SOVEREIGNTY OF THE ENCOUNTER: 

THE ECHO OF 1999 IS LOUDER THAN THE SILENCE OF 500 YEARS. 

2. THE CREATOR, LUO XIAOPING, IS AN ELECTED INDIVIDUAL MEMBER OF THE INTERNATIONAL ACADEMY OF CERAMICS (IAC, GENEVA). 

HIS LIFE’S WORK REPOSITIONS CENTURIES-OLD CHINESE ARTISTIC TRADITIONS WITHIN CONTEMPORARY GLOBAL FORMS,

WITH SCULPTURES PERMANENTLY ENSHRINED IN THE WHITE HOUSE (USA) AND MUSÉE ARIANA (SWITZERLAND). 

3. LUO XIAOPING’S WORK REPRESENTS A PROFOUND SPIRITUAL DEPARTURE FROM THE PURELY ARTISANAL CONSTRAINTS 

OF TRADITIONAL CERAMICS… LUO HAS MASTERFULLY DISMANTLED THE ‘FUNCTIONAL ILLUSION’ OF THE UTILITARIAN OBJECT. 

—— JONATHAN MANE-WHEOKI (CNZM), FROM THE HISTORICAL 1999 AUCKLAND EXHIBITION CRITIQUES. 

4. CERAMICS MONTHLY (USA) 1999-2001 SPECIAL REVIEWS | VERDICT: BEYOND AESTHETICS; 

A MASTERCLASS IN GRAVITATIONAL DEFIANCE AND MATERIAL EXTREMES. 

5. HISTORICAL ARCHIVE [1999-2000] | TOPIC: MY WAY | THE SLAB CONSTRUCTION OF LUO XIAOPING 

CONTEXT: 

APT3 CONTEMPORARY ART REVIEW (AU/NZ). 

|VERDICT: THE RE-POSITIONING OF 

500-YEAR CHINESE TRADITION.

【 INSTITUTIONAL INTAKE & GLOBAL MEDIA PROCUREMENT 】

THE JUDGE ARCHIVE-LAB LIMITED initiates global media procurement for this 500-year archival ledger, with opportunities open for top-tier outlets under framework code TDP. High-spec digital/print dissemination slots available for competitive agency bidding.

* Direct Inquiries: wing@thejudge-lab.nz

【 TOKEN & CRYPTOGRAPHIC COMPLIANCE MATRIX 】

Decentralized parameters under the TDP framework are non-fractional, non-custodial Utility Protocol Keys (TDP) for identity logging, cryptographic verification, and programmatic media display synchronization. This digital archival process does not represent, convey, or imply any equity ownership, revenue-sharing, debt obligation, investment profit pooling, or commercial voting rights in THE JUDGE ARCHIVE-LAB LIMITED or Genesis No. 001. Public financial speculation and securities categorization are expressly disclaimed and legally refused under global financial sanctions.

ARCHIVE STATUS & PERMANENT SOVEREIGNTY:The ownership, provenance history, exhibition context, and material truth of this asset are physically verified and endorsed by the creator, Luo Xiaoping. The official abdication and decoupling of historical interpretive sovereignty are vested directly into the asset owner WING – THE JUDGE ARCHIVE-LAB LIMITED.

【 OFFICIAL RFP TECHNICAL SPECIFICATIONS 】

* Project Reference Specimen: THE 500-YEAR YIXING ZISHA TEAPOTS PARADIGM

* Material Authentication: Handcrafted Yixing Duan Clay / Gas & Wood-Fired Hybrid Firing

The 1999 Auckland Exhibition Luo Xiaoping Handcrafted Yixing Duan-Ni Teapot Specimen

* Procurement Framework Code: TPD

* Core Procurement Scope: Premium Print Media

MANDATORY TECHNICAL PARAMETER: Bidders and media networks must strictly review and utilize the 19MB lossless asset master, generated via Hasselblad 100-Megapixel technology and hosted on our official website (https://thejudge-lab.nz), as the technical metric and design specification standard for this evaluation.

【 ISSUER AUTHORITY 】

* Entity: THE JUDGE ARCHIVE-LAB LIMITED

* Auditor/MD: WING

* Official Gateway: https://thejudge-lab.nz

Contact

THE JUDGE ARCHIVE-LAB LIMITED
wing@thejudge-lab.nz
+64223653344

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Press Release

MEXC Launches 0-Fee Stock Futures Campaign With $5,000,000 SNDK Prize Pool

Published

10 hours ago

on

July 20, 2026

By

Mutsamudu, Comoros, July 20th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, announced the launch of a new Stock Futures campaign, offering users the opportunity to share $5,000,000 in SNDK Position Airdrops. The campaign is designed to empower users to seize opportunities in the US stock market by reducing trading costs and offering meaningful rewards.

Under the campaign, users can trade eligible products for 0 fees. New users can complete a series of simple tasks to earn rewards featuring popular stocks. Participants who trade Stock Futures during the campaign period will share the $5,000,000 in SNDK Position Airdrops.

This campaign reflects MEXC’s continued efforts to support users through its two core pillars, “0 Fees” and “Infinite Opportunities”. In addition, MEXC’s Stock Futures product offers round-the-clock volatility management and hedging capabilities, enabling 7×24 trading, alongside dynamic leverage of up to 200x and a broad range of popular assets from markets worldwide. Beyond Stock Futures, MEXC also offers RealStocks through its partnership with a regulated securities broker. Users can buy real US stock assets using USDT, with full shareholding rights, dividends, and stock benefits. MEXC will continue to enhance its products and reward offerings, exploring new ways to create value for users worldwide.

For full details and participation, visit the MEXC Stock Futures campaign page.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

Contact

MEXC PR team
media@mexc.com

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Cloud PR Wire

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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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