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Glory Star expected to further increase profitability

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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

Leverabet Launches Cryptocurrency-Based Online Gaming Platform Focused on Digital Transactions and Transparent Gameplay

Published

9 hours ago

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February 15, 2026

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New York, NY/ GlobePRWire / Feb 12, 2026 –Leverabet, a cryptocurrency-enabled online gaming platform, has announced the launch of its digital entertainment ecosystem designed to integrate blockchain-based payments with a wide selection of online gaming content.

 

The platform enables users to participate in online games and sports-related markets using supported cryptocurrencies. By utilizing blockchain infrastructure, Leverabet facilitates digital asset deposits and withdrawals within its system.

 

Leverabet reports that its platform currently provides access to more than 15,000 on-demand games and coverage of over 500,000 sporting events annually. The gaming portfolio includes casino-style entertainment titles, multiplier-based games, and sports markets accessible through a single user interface.

 

To support transparency, Leverabet incorporates provably fair gaming technology. This system allows users to independently verify game outcomes through cryptographic validation methods.

The platform also includes structured user rewards and tier-based benefits designed to provide engagement incentives for registered users. Certain games within the ecosystem feature high-multiplier mechanics as part of their gameplay structure.

 

Leverabet states that it is designed with a privacy-conscious framework and streamlined account setup, subject to applicable laws and jurisdictional requirements. Availability of services may vary by region.

 

As the cryptocurrency sector continues to evolve, Leverabet aims to contribute to the broader development of blockchain-based digital entertainment platforms.

 

Users are encouraged to review local regulations before participating. Online gaming involves risk and may not be suitable for all individuals. Responsible participation is advised.

 

For more information, please visit:

Website: https://leverabet.com

X (Twitter): https://x.com/LeverabetCom

Telegram: https://t.me/leverabetcom

Instagram: https://www.instagram.com/leverabetcom

 

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Press Release

Xiangyang, China: locals welcome the Chinese New Year by flying sky lanterns and experiencing intangible cultural heritage.

Published

11 hours ago

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February 15, 2026

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On February 14, 2026, local time, residents gather in the Ancient City of Xiangyang, located in Xiangyang, Hubei Province, China, to release Kongming lanterns in a coordinated public event. The Ancient City of Xiangyang boasts a history spanning 2,800 years.

Under the theme “Thousands of Lanterns Flying Above the Hanshui River and Thousands of Families Welcoming the Spring Festival,” the event organizers distribute 2,000 helium-filled electronic Kongming lanterns on-site. Citizens and visitors inscribe their Spring Festival wishes and heartfelt blessings upon the lanterns, transforming intangible hopes into tangible aspirations poised to ascend into the night sky. As the lanterns flew gently and serenely, cheers, festive songs, and warm blessings resonated in unison, harmonizing with the luminous glow of the Ancient City Wall of Xiangyang and the gentle ripples of the Hanshui River—culminating in a vivid Spring Festival tableau: “Thousands of lanterns shimmering against the ancient wall; thousands of households welcoming spring together.”

A series of folk performances is also held that evening. The lion dance and the intangible cultural heritage–designated fire pot performance make a striking appearance, embodying the auspicious symbolism of “fire dispelling malevolent forces and bringing peace to every household.” Additionally, an on-site chorus comprising one thousand participants performs traditional Spring Festival songs, infusing the entire venue with festive joy.

Text by: Xiao Yumeng, Pan Ling

Photos by: Yang Dong, Li Xuhu

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Press Release

George Washington University Launch Groundbreaking Public Certification Course on Mold Illness

Published

1 day ago

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February 14, 2026

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United States, 14th Feb 2026 — The National Organization of Remediators and Microbial Inspectors (NORMI) is proud to announce a first-of-its-kind educational opportunity for the general public and mold professionals alike: Understanding Mold Illness: The Basics, an online course offered through The George Washington University Office of Professional Education.

This unique opportunity makes university-level education on mold illness available not only to NORMI members, but also to non-member professionals and the general public, marking a significant step forward in accessible, science-based environmental health education.

“This is the first time an internationally-renowned university has recognized the need for a mold course at this level of detail,” said Doug Hoffman, President of NORMI.  “We are excited to incorporate this offering to our clients and professionals. Dr. Heyman has done an outstanding job of making this information easy to understand and, because it is so basic, it will lay a strong foundation of understanding for both the public and the profession.”

A Foundational Course Addressing a Growing Need

Understanding Mold Illness: The Basics is a self-paced, online course designed to introduce participants to the science, health implications, and real-world challenges associated with mold exposure. The course covers:

  • Core science behind mold-related illness and inflammatory responses
  • Common symptom patterns and clinical considerations
  • Mycotoxins and environmental exposure pathways
  • Practical communication strategies for professionals and the public
  • A credible academic framework bridging health science and environmental practice

The course was developed by Dr. Andrew Heyman, Fellowship Director Integrative Medicine Program at GWU, a recognized leader in environmental and mold-related health education.

“We are so excited to be able to partner with NORMI to offer this to a profession that needs this information,” said Dr. Andrew Heyman.  “Their clients are struggling in their pursuit of legitimate, science-based information about mold illness, and this is a great start in the right direction.”

Certification Through George Washington University

Upon successful completion, participants receive a Certificate of Completion from George Washington University, adding academic credibility for professionals in mold inspection, remediation, indoor air quality, healthcare-adjacent fields, and environmental health — as well as informed consumers seeking trustworthy education.

Exclusive NORMI Public Promotion

To encourage widespread participation, NORMI is offering an exclusive promotional opportunity for public enrollment:

This offer is available to both professionals and the general public, reinforcing NORMI’s commitment to education, transparency, and raising standards across the mold and indoor environmental health industries.

Why This Matters

Mold exposure continues to affect homes, schools, workplaces, and public buildings nationwide. While mold is common, the health impacts are often misunderstood, leading to confusion, misinformation, and frustration for affected individuals.

By supporting professional education with a leading academic institution, NORMI is helping bridge the gap between science, professional practice, and public understanding — empowering individuals with credible, foundational knowledge that supports better decisions and healthier environments.

About NORMI

The National Organization of Remediators and Microbial Inspectors (NORMI) is a global leader in standards, training, and certification for mold inspectors, remediators, and indoor environmental professionals.
doug@normi.org

Media Contact

Organization: NORMI, National Organization of Remediators and Microbial Inspectors

Contact Person: Doug Hoffman

Website: https://www.normi.org/

Email: Send Email

Country:United States

Release id:41423

The post George Washington University Launch Groundbreaking Public Certification Course on Mold Illness 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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