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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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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

Shira to Release First Full-Length Album “Eclipse” in February

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3 hours ago

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February 3, 2026

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United States, – Shira, recently signed to Money Records is soon releasing her first album with 7 catchy songs. The release is set for February 13. The excitement is being built up after Shira gave her audience a preview to the songs in the album which have been going viral. On instagram Shira is gaining more attention on her Eclipse album. Eclipse is outstandingly showcased across the U.S. on several billboards. On her instagram, Shira posted herself in front of the Billboards in Miami, expressing her excitement for her album release. This is Shira’s first album debut with 7 songs in various languages including English, Russian, Chinese, and even an extra add on song to the album in Hebrew. The Eclipse album is a fan favorite Worldwide. Shira shared that her most liked song on the album is “Imagine“. “I love all of them so much, but my favorite would be Imagine. It’s kind of ironic and toxic, but also emotional and relatable. I love singing it and I’m so excited to perform it soon”. She shared with a media spokesperson.

Shira to Release First Full-Length Album “Eclipse” in February

Inside sources revealed that Shira had fired her old manager for attempting to exploit her music and her rising fame for his lower generating artists. While Shira has been disputing his control over her independence as an artist, she also went on to thank Money Records for helping her break free from his toxic control over her personal life and music debuts, mentioned a close spokesperson for Shira.

Despite controversey, “Eclipse” is gaining attention from Billboards and media. Fans are starting to show more support for the new artist. Money Records told news outlets that Shira’s Eclipse Album will be their biggest project and success thus far. Money Records famously known for generating millions of dollars and streams for their artists has expressed that after this release, Shira’s life will change forever. “The billboards are just an introduction of Shira to the world, but she will be recognized internationally” 

The “Eclipse” album is a remarkable moment in musical history. Shira (20), revealed that February 13 will mark a great shift in the music industry. 

Stay tuned for the release of the Eclipse Album on February 13, all platforms. Check out Shira on Instagram – Shiraofficial0

Media Contact

Organization: EOTW Corporation

Contact person: Jared M

Website: https://www.eotwcorporation.com/

Email: ceo@eotwcorporation.com

Contact Number: 13392083534

Country: United States

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CNCPW Macro Analysis: Gold Retracts Below $5,000 Yet Marks Best Month Since 1999—Market Repricing Ahead of “New Fed Chair” Selection

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3 hours ago

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February 3, 2026

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The U.S.-registered compliant infrastructure provider releases an urgent market commentary, noting that despite short-term retracements, macro uncertainty—stemming from Trump’s policies and the Federal Reserve nominee—continues to underpin the long-term logic for hard assets.

New York, NY, United States – February 3, 2026 —

Addressing the severe volatility in the precious metals market this week, CNCPW, a U.S.-registered new-generation digital asset infrastructure provider, today released a market analysis briefing. While spot gold prices briefly surged above $5,400 on January 28, they have since retreated below the $5,000 threshold as of Friday (the 30th). Nonetheless, the CNCPW analysis team notes that this remains gold’s best monthly performance since 1999, and the market’s underlying safe-haven logic remains unaltered.

Source of Volatility: Wall Street Awaits “Trump’s Fed Pick”

CNCPW market analysts point out that the core reason for gold’s sharp retracement from historic highs lies in Wall Street’s extreme anxiety regarding future monetary policy. As Donald Trump is poised to announce the new Federal Reserve Chair nominee, U.S. stock index futures have fallen in response, and market capital has executed large-scale profit-taking driven by risk aversion.

“The market loathes uncertainty, and a ‘New Fed Chair’ implies a potential fundamental shift in monetary policy,” stated CNCPW’s Chief Macro Analyst. “The violent fluctuation in gold prices (falling from $5,400 to below $5,000) is a direct manifestation of this policy anxiety. Investors are reassessing asset pricing models under ‘Trumponomics 2.0’.”

Historic Monthly Performance: Trend Outweighs Noise

Despite Friday’s pullback, the CNCPW report emphasizes that investors should not overlook the broader time horizon. This month’s robust gains in gold have not been seen since 1999.

CNCPW believes this historic level of monthly performance implies a “structural shift” in global capital. Regardless of who the final Fed Chair is, the expansion of U.S. debt and geopolitical friction are established realities. In this context, the pullback is viewed by many institutions as a healthy adjustment following “deleveraging,” rather than the end of the bull market.

Implications for the Digital Asset Market: Embrace Volatility

CNCPW believes this “rollercoaster” market in gold offers critical insights for digital asset investors:

  1. Correlation of Hard Assets: In the face of macro uncertainty (such as the Fed leadership change), gold and compliant digital assets often exhibit synchronized volatility. This reminds investors that while assets defined by “Ownership” and “Scarcity” remain bullish in the long term, one must remain vigilant against short-term macro policy shocks.
  2. Importance of Compliant Channels: In such a highly volatile market, trading through regulated infrastructure becomes paramount. Whether trading Gold ETFs or digital assets, investors must ensure counterparty security to avoid liquidity dry-ups during extreme market fluctuations.

Conclusion: Finding “Absolute Ownership” Amid Uncertainty

Whether it is the violent volatility of gold or the impending Federal Reserve personnel changes, all signs indicate that 2026 will be a year of restructuring global asset pricing logic. We are in a historical cycle of returning from “credit currency” to “hard assets.”

CNCPW firmly believes that under this macro narrative, the ultimate safe haven for capital will no longer be mere “currency,” but “Ownership Assets” possessing legal certainty and technical transparency. This craving for absolute control over assets not only supports the long-term bull market in gold but also points to the future direction of the compliant digital asset market—only trading infrastructures that can provide genuine, transparent, and legally protected services will survive the cycle of future financial turmoil and become the trusted anchors for investors.

Contact Info:
Name: Seraphina Moreno
Email: seraphina.moreno@cncpw.net
Organization: CNCPW
Website: https://www.cncpw.net/

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Press Release

The VITAKING Leadership Training Camp and Eco-Release Event in Pattaya, Thailand has been successfully concluded

Published

6 hours ago

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February 3, 2026

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China, 3rd Feb 2026 – Anchoring the gold RWA paradigm, VITAKING pioneer a new chapter in global value reconfiguration and collaborative leadership innovation!

Against the backdrop of profound global macroeconomic restructuring, the erosion of trust in traditional financial systems, and the accelerated convergence of digital assets with real industries, the value benchmarks and organizational frameworks of global assets are undergoing systemic transformation. At this pivotal historical juncture, VITAKING successfully hosted the “VITAKING Leadership Training Camp & Ecosystem Launch” in Pattaya, Thailand from January 27 to 30, 2026. With high standards, strong consensus, and a focus on practical implementation, the event delivered a systematic solution for advancing global asset digitization and leadership in the new era.

At the core agenda of this VITAKING Leadership Training Camp, prominent experts from regulatory, capital, trading infrastructure, and data platforms delivered intensive, systematic insights on pivotal topics including ‘What is transforming value anchoring’ and ‘Why gold RWA is rising to the forefront of the era.’ Their discussions established a clear, verifiable, and actionable cognitive framework for participants.

In his opening address at the conference, VITAKING’s Asia-Pacific regional head delivered a comprehensive analysis of core insights and strategic choices for the new wave of digital economy, drawing from global macroeconomic cycles and evolving asset structures. He noted that the world is now at a pivotal juncture where traditional financial systems and emerging value networks are undergoing profound restructuring. Capital, technology, and institutions are redefining the sources and forms of ‘value.’ Against this backdrop, VITAKING will prioritize long-termism, strategically focusing on key areas such as Real-World Assets (RWA), Web3 infrastructure, and the digitization of physical assets, to facilitate efficient integration between real-world assets and the global capital system.

As the central ideological guide of this leadership training camp, the Dean of VITAKING Business School focused on cognitive challenges and advancement paths for leaders in the new era during his speech. He pointed out that the competition in the Web3 and Real-World Asset (RWA) era is essentially a contest of cognitive frameworks, organizational capabilities, and co-creation efficiency. True leaders are no longer mere market participants but “value co-creators” with systemic thinking, long-term judgment, and ecosystem-building capabilities. Meanwhile, a specially invited industry expert delivered a keynote speech titled “The New Development of Gold RWA in the Web3.0 Era.” Starting from global regulatory evolution, compliance trends, and digitalization paths of physical assets, he systematically elaborated on the strategic significance of gold RWA in the current cycle. He noted that as countries gradually clarify the legal boundaries of digital assets, RWA backed by real assets with clear ownership and stable value are becoming the core breakthrough for Web3’s compliance and scaling. As the most globally recognized and historically enduring value anchor, the digitization of gold is not simply about “going on-chain,” but a systematic project involving rights confirmation mechanisms, custody systems, clearing logic, and cross-border collaboration—precisely the key direction for future industrial Web3.

Subsequently, a guest from a renowned digital asset trading platform delivered a keynote presentation titled “Gold VS BTC,” propelling the discussion into deeper intellectual territory. Analyzing macroeconomic cycles, monetary attributes, and consensus structures, he contrasted Bitcoin’s “algorithmic consensus” with gold’s “historical consensus.” He emphasized that in an era of heightened volatility and uncertainty, the market is redefining the concept of “safe assets.” Gold RWA, positioned at the intersection of “traditional risk-off logic” and “digital financial efficiency,” emerges as a strategically significant value-bearing asset in this new cycle.

At the infrastructure level, a business head from a leading trading platform delivered a systematic presentation on his platform’s strategic opportunities and its RWA architecture planning. He emphasized that the successful implementation of RWA depends not only on the assets themselves but also on the availability of stable, compliant, and highly liquid trading and pricing systems. The platform is building a global asset circulation and value discovery mechanism centered on gold RWA, providing a critical “liquidity engine” for the digitization of physical assets. This initiative aims to establish a complete closed loop between assets, markets, and capital.

Meanwhile, the head of a well-known industry data platform conducted an online session to analyze the current development stage of the Web3 industry from a data-driven perspective and industry cycle perspective. He noted that the sector has transitioned from a ‘narrative-driven’ phase to a ‘value validation’ stage, and projects that can endure market cycles must be backed by tangible assets, a clear revenue model, and sustainable growth strategies. The Gold RWA stands as one of the most promising directions in this evolving landscape.

From a capital perspective, a founding partner of an international investment institution delivered a keynote speech titled “The Old Gods of Finance Are Dead,” using strikingly powerful language to expose the structural bottlenecks of the traditional financial system in efficiency, trust, and fairness. He emphasized that the new generation of finance is not merely an improvement on the old system, but a reconstruction grounded in real assets, transparent rules, and long-term consensus. Real-World Assets (RWA), particularly gold RWA, are indispensable underlying asset forms in this reconstruction process.

At the “Golden RWA Ecosystem Roundtable Forum”, distinguished guests including the aforementioned industry expert, platform representatives, and investors conducted in-depth discussions from multiple perspectives such as technology, capital, compliance, community, and industrial synergy. The forum went beyond mere opinion exchange, focusing on how to build a practical, replicable, and sustainable RWA ecosystem model in the real world, which resonated strongly with attendees on multiple occasions.

This training camp is not only a grand gathering of industry insights but also a significant milestone in VITAKING’s global strategy. Through systematic methodologies, real-case analysis, and in-depth co-creation mechanisms, VITAKING is continuously facilitating the transformation of ecosystem participants from ‘participants’ to ‘co-builders’ and ‘long-term partners.’

Looking ahead, VITAKING will continue to focus on the gold RWA track, using physical assets as the value anchor and compliance and technology as dual drivers. By collaborating with exchanges, capital institutions, industry associations, and the global community, it aims to build a truly long-term, cycle-resistant global value network.
 

The successful hosting of VITAKING’s Thailand Pattaya Leadership Training Camp and Eco-Release Ceremony marks the brand’s official entry into a new phase characterized by global collaboration, deepened ecological initiatives, and accelerated value consensus.
 

Media Contact

Organization: CHINA SHUNHE GROUP CO., LIMITED

Contact Person: Alice

Website: https://zpnchain.io/

Email: Send Email

Address:RM 21 UNIT A 11/F TIN WUI IND BLDG NO 3 HING WONG ST TUEN MUN NT HONG KONG

Country:China

Release id:40897

The post The VITAKING Leadership Training Camp and Eco-Release Event in Pattaya, Thailand has been successfully concluded 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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