Press Release
Glory Star expected to further increase profitability
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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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.
Press Release
Gtify Protocol Set to Disrupt the Decentralized Financial Infrastructure with Global Stage, Redefining the Future of the Next Generation.
Summary: Gtify Protocol, founded by Dr. Tian Lee, is officially launching as a globally positioned decentralized financial infrastructure, marking a significant milestone in the evolution of system-driven and transparent financial participation.
To address the latest approach, Gtify Protocol is making waves by positioning itself as decentralized financial infrastructure, and aims to redefine the future of the next generation. The platform brings a disciplined, automated, and verifiable framework built for long-term relevance, and designed to meet the expectations of a rapidly maturing global decentralized ecosystem.
With its holistic approach, the platform reflects a broader shift toward decentralized models that prioritize structure, accountability, and trust through technology rather than intermediaries. Every core function within the platform including participation, reward calculation, and settlement is governed entirely by smart contracts and on-chain logic. This ensures consistent, predictable, and transparent execution without manual intervention or centralized control. Its structured participation model regulates reward distribution to maintain systemic balance as the ecosystem expands across regions and markets. By focusing on controlled execution instead of short-term incentives, the protocol aims to establish itself as a dependable decentralized infrastructure for worldwide participation.
Transparency and integrity remain fundamental to the protocol’s design. All system activities are publicly verifiable on-chain, allowing participants from any geography to independently monitor execution and outcomes. Administrative authority is intentionally limited and time-bound, reinforcing decentralization and reducing centralized influence an essential requirement for earning global trust.
A defining feature of the launch is direct wallet settlement, enabling participants to receive rewards directly into their supported decentralized wallets. This design eliminates intermediaries, enhances efficiency, and ensures complete asset ownership, aligning Gtify Protocol with global standards for financial autonomy and seamless execution.
According to founder Dr. Tian Lee, Gtify Protocol has been launched as a long-term global infrastructure rather than a region-specific or short-term initiative. The vision is to build a system where transparency, automation, and structural discipline create confidence across borders, cultures, and financial ecosystems. The Gtify Protocol team emphasized that the platform has been launched as a long-term global infrastructure, not a short-term initiative. Under the guidance of Dr. Tian Lee, the vision is to establish a system where transparency, automation, and structured execution form a universal standard of trust accessible to participants across markets and regions.
Furthermore, the protocol also integrates a decentralized contribution recognition mechanism that supports organic global network growth while maintaining financial discipline. Every contribution is immutably recorded on-chain, ensuring fairness, traceability, and accountability throughout the ecosystem. By combining automated logic with a system-first philosophy, the platform aims to play a meaningful role in shaping the next phase of decent.
About Gtify Protocol:
Gtify Protocol, a staking-focused DeFi protocol built around controlled yield generation and transparent reward distribution. It operates through structured financial logic and on-chain execution and is built to be verifiable, adaptable, and operational across market conditions.
Developed under the vision of Singapore-based founder Dr. Tian Lee, Gtify Protocol has been engineered with sustainability and global scalability at its core. Drawing from Singapore’s reputation as a global financial and technology hub, the protocol reflects a strong emphasis on regulatory-minded structure, long-term system integrity, and cross-border applicability. Its structured participation model regulates reward distribution to maintain systemic balance as the ecosystem expands across regions and markets. By focusing on controlled execution instead of short-term incentives, the protocol aims to establish itself as a dependable decentralized infrastructure for worldwide participation.
Official Gtify Links
Website: https://gtifyprotocol.io
Instagram:
https://www.instagram.com/gtify_protocol
X (Twitter):
Telegram:
YouTube:
https://www.youtube.com/@gtifyprotocol
CoinMarketCap: https://coinmarketcap.com/community/profile/gtifyprotocol
Pinterest:
https://www.pinterest.com/gtifyprotocol
Linktree:
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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.
U7BUY, a prominent digital gaming marketplace, has launched a new affordable Genshin Impact top-up service aimed at enhancing player progression in the popular action role-playing game. This service is designed to provide players with a secure and efficient means of purchasing in-game currency and power-ups, offering an opportunity to level up faster and unlock new features within Genshin Impact. With millions of active players worldwide, U7BUY’s new offering makes it easier for gamers to advance within the game.
U7BUY has established itself as a trusted marketplace for players to buy and sell in-game currency, items, accounts, and power-leveling services across various gaming titles. By introducing the Genshin Impact top-up service, U7BUY continues to cater to the growing demand from the gaming community, providing an essential service to players of one of the most popular games in the world.
“U7BUY recognizes the importance of supporting players by providing reliable services that enhance gameplay,” said Anna, Marketing Director at U7BUY. “The newly introduced top-up service for Genshin Impact has been designed to help players access the resources needed to unlock characters, items, and abilities quickly and securely. This service aims to streamline the process of progression, allowing players to focus on enjoying the game.”
U7BUY’s platform is built with a focus on security and user privacy. The company employs advanced encryption to protect all personal and financial data, ensuring secure transactions for every player. Furthermore, U7BUY offers continuous customer support to assist users with any inquiries or issues. In addition, the company maintains an active community hub featuring blogs, guides, and promotional content that keeps players informed and engaged with the latest updates in the gaming world.
The Genshin Impact top-up service is available in various formats and payment options, catering to a global user base. U7BUY’s commitment to affordability and accessibility ensures that players across different regions can take full advantage of the service without facing financial barriers. Whether players are looking to acquire specific characters or level up faster, the new top-up service provides an effective solution.
“U7BUY’s future plans include expanding its offerings to include additional gaming titles, continuing to provide practical services that benefit the global gaming community,” Anna continued. “As the digital gaming market evolves, U7BUY remains focused on innovation, with a dedication to meeting the needs of players and ensuring that they have the tools and resources required for an enhanced gaming experience.”
The launch of the Genshin Impact top-up service marks a significant step in U7BUY’s mission to enhance the gaming experience. As U7BUY continues to expand its services, the company remains committed to providing secure, reliable, and accessible solutions for players worldwide.
For media inquiries or further information regarding the Genshin Impact Top Up service, please contact U7BUY at +0085254814835 or via email at press@u7buy.com.
Media Contact
Organization: U7BUY
Contact Person: Anna
Website: https://www.u7buy.com/
Email: Send Email
Contact Number: +85254814835
Country:Hong Kong S.A.R.
Release id:41313
The post U7BUY Brings Affordable Genshin Impact Top-Up to Enhance Game Progression 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
About Author
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.
U7BUY, a prominent digital gaming marketplace, has launched a new affordable Genshin Impact top-up service aimed at enhancing player progression in the popular action role-playing game. This service is designed to provide players with a secure and efficient means of purchasing in-game currency and power-ups, offering an opportunity to level up faster and unlock new features within Genshin Impact. With millions of active players worldwide, U7BUY’s new offering makes it easier for gamers to advance within the game.
U7BUY has established itself as a trusted marketplace for players to buy and sell in-game currency, items, accounts, and power-leveling services across various gaming titles. By introducing the Genshin Impact top-up service, U7BUY continues to cater to the growing demand from the gaming community, providing an essential service to players of one of the most popular games in the world.
“U7BUY recognizes the importance of supporting players by providing reliable services that enhance gameplay,” said Anna, Marketing Director at U7BUY. “The newly introduced top-up service for Genshin Impact has been designed to help players access the resources needed to unlock characters, items, and abilities quickly and securely. This service aims to streamline the process of progression, allowing players to focus on enjoying the game.”
U7BUY’s platform is built with a focus on security and user privacy. The company employs advanced encryption to protect all personal and financial data, ensuring secure transactions for every player. Furthermore, U7BUY offers continuous customer support to assist users with any inquiries or issues. In addition, the company maintains an active community hub featuring blogs, guides, and promotional content that keeps players informed and engaged with the latest updates in the gaming world.
The Genshin Impact top-up service is available in various formats and payment options, catering to a global user base. U7BUY’s commitment to affordability and accessibility ensures that players across different regions can take full advantage of the service without facing financial barriers. Whether players are looking to acquire specific characters or level up faster, the new top-up service provides an effective solution.
“U7BUY’s future plans include expanding its offerings to include additional gaming titles, continuing to provide practical services that benefit the global gaming community,” Anna continued. “As the digital gaming market evolves, U7BUY remains focused on innovation, with a dedication to meeting the needs of players and ensuring that they have the tools and resources required for an enhanced gaming experience.”
The launch of the Genshin Impact top-up service marks a significant step in U7BUY’s mission to enhance the gaming experience. As U7BUY continues to expand its services, the company remains committed to providing secure, reliable, and accessible solutions for players worldwide.
For media inquiries or further information regarding the Genshin Impact Top Up service, please contact U7BUY at +0085254814835 or via email at press@u7buy.com.
Media Contact
Organization: U7BUY
Contact Person: Anna
Website: https://www.u7buy.com/
Email: Send Email
Contact Number: +85254814835
Country:Hong Kong S.A.R.
Release id:41313
The post U7BUY Brings Affordable Genshin Impact Top-Up to Enhance Game Progression 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
About Author
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.
Gtify Protocol Set to Disrupt the Decentralized Financial Infrastructure with Global Stage, Redefining the Future of the Next Generation.
U7BUY Brings Affordable Genshin Impact Top-Up to Enhance Game Progression
U7BUY Brings Affordable Genshin Impact Top-Up to Enhance Game Progression
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