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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

Young Chinese Runners Stand Out Performers at UTMB Asia, Powered by Outopia

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3 hours ago

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December 25, 2025

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Shanghai, China, 25th Dec 2025, Grand Newswire – At Chiang Mai Thailand by UTMB, Asia’s only UTMB World Series Major, two young Chinese runners gave standout performances. Zhou Kao, a community manager at Outopia, and Luo Qiong, a college student, proved that talent and community support are a recipe for success. Both athletes were supported by Outopia, a trail running brand dedicated to empowering runners to meet their potential.

Young Chinese Runners Stand Out Performers at UTMB Asia, Powered by Outopia

Image: Luo Qiong after finishing her race at Chiang Mai UTMB.

Zhou Kao, who balances a full-time role with rigorous training, finished as runner-up in the tough 100K race, clocking 9:51:39. Without a traditional elite background, Zhou credits his success to Outopia’s support. “Outopia understands the reality of committed runners; their encouragement gave me the confidence to push for a podium finish,” he shared.

Luo Qiong, a senior college student, made her international debut with a remarkable two-week back-to-back challenge. After securing second place in the 20K race, she went on to finish in the top 10 in the competitive 50K, earning her spot in the UTMB Finals in 2026. Discovered by Outopia through domestic races, Luo’s rapid progression is fueled by the brand’s financial and coaching support.

These inspiring performances highlight Outopia’s mission to empower everyday athletes with innovative, high-performance gear, while building a community that nurtures potential at all levels. Founded in 2021, Outopia is committed to supporting runners globally, from local community events to international races.

“Seeing young Chinese runners perform at this level globally is incredibly meaningful,” said Rachel Lyu, Head of Sports Marketing at Outopia. “Our mission is to empower all runners to reach their potential”. At the event, Outopia’s pop-up store and shakeout runs further demonstrated the brand’s expanding global presence.

At Chiang Mai Thailand by UTMB, Outopia’s pop-up store and shakeout runs further demonstrated the brand’s expanding global presence, bringing together runners from all over the world. These events showcased Outopia’s growing international appeal and its dedication to community driven growth.

About Outopia Founded by passionate trail runners, Outopia specializes in high-performance, sustainable Merino wool apparel. Its mission is to empower all runners and make the world a better place through trail running. visit more @outopia.run. 

Media Contact

Organization: Outdoor Utopia Limited

Contact
Person: Alice Norton

Website:

https://outopia.com/

Email:

alice.norton@outopia.com

City: Shanghai

Country:China

The post Young Chinese Runners Stand Out Performers at UTMB Asia, Powered by Outopia
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It is provided by a third-party content provider. Grand Newswire makes no
warranties or representations in connection with it.

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Press Release

Nexar Bit Exchange Advances Global Infrastructure Expansion to Enhance Platform Performance

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5 hours ago

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December 25, 2025

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Nexar Bit Exchange continues to expand its global infrastructure and core trading systems to improve execution efficiency, platform stability, and operational scalability. The initiative reflects the platform’s broader strategy of aligning technical development with structured compliance and long-term operational resilience.

Nexar Bit Exchange has progressed its global infrastructure expansion initiative as part of ongoing efforts to strengthen trading performance, system reliability, and service continuity across its platform. The expansion focuses on distributed system capacity, execution pathway optimization, and scalable architecture designed to support users across multiple regions.

The initiative represents a continued step in Nexar Bit Exchange’s infrastructure roadmap, emphasizing disciplined system growth rather than short-term performance adjustments.

Distributed Infrastructure Supporting Performance Optimization

As part of the expansion, Nexar Bit Exchange has enhanced its distributed infrastructure through additional server clusters and refined routing configurations. These improvements are designed to improve data synchronization efficiency, reduce processing bottlenecks, and support more consistent order execution under varying market conditions.

By optimizing workload distribution and reinforcing redundancy mechanisms, the platform aims to maintain operational stability during periods of elevated trading activity.

Core System Enhancements and Execution Stability

In parallel with infrastructure expansion, Nexar Bit Exchange has implemented updates to its core trading systems with a focus on execution accuracy, system predictability, and operational continuity. Enhancements to order processing logic and internal risk management workflows are intended to support stable execution behavior across different market environments.

These refinements reflect the platform’s ongoing focus on maintaining system integrity as user activity and transaction volumes scale.

Infrastructure Development and Regulatory Alignment

Nexar Bit Exchange operates within a structured regulatory framework and maintains registration as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN). This registration forms part of the platform’s broader approach to regulatory alignment and operational transparency.

Infrastructure expansion and system optimization efforts are developed alongside internal compliance procedures, supporting consistent operational standards as the platform evolves. Nexar Bit Exchange views regulatory alignment and technical development as complementary components of long-term platform sustainability.

Technology-Driven Global Platform Strategy

Nexar Bit Exchange continues to position infrastructure development as a long-term, iterative process. By investing in scalable system architecture, disciplined capacity planning, and structured operational frameworks, the platform seeks to support reliable global access while maintaining clarity in system governance.

Future initiatives will continue to focus on strengthening technical resilience and operational consistency as part of Nexar Bit Exchange’s global platform strategy.

About Nexar Bit Exchange

Nexar Bit Exchange is a global digital asset trading platform providing services that include fiat exchange, spot trading, contract trading, digital asset information services, and educational resources. Headquartered in the United States, the platform focuses on continuous infrastructure optimization and structured operations to support stable and accessible trading services for users worldwide.

For more information about Nexar Bit Exchange, please refer to the following resources:

https://www.nexarbit.exchange

https://www.nexarbit.info

https://www.nexar-bit.wiki

https://www.nexarbit-exchange.review

https://www.nexarbit-overview.com

Media Contact

Organization: Nexar Bit

Contact Person: Evan Rothman

Website: https://nexarbitinc.com/

Email: Send Email

Country:United States

Release id:39501

Disclaimer: This content is provided for informational purposes only and does not constitute financial, investment, legal, or trading advice. Digital assets and cryptocurrencies are subject to significant market volatility and regulatory uncertainty. Nothing contained herein should be construed as an offer, solicitation, or recommendation to buy, sell, or hold any financial instrument, cryptocurrency, or digital asset. Past performance is not indicative of future results. Readers are solely responsible for conducting their own independent research and should consult qualified financial or legal professionals before making any financial or digital asset-related decisions.

The post Nexar Bit Exchange Advances Global Infrastructure Expansion to Enhance Platform Performance 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

TopSellingProperty.com Launches All-in-One Platform for Property Listings, Loans & Home Services Pan India

Published

5 hours ago

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December 25, 2025

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TopSellingProperty.com, the trusted all-in-one real estate platform from Essotto Private Limited, is expanding to simplify the entire property journey across India. Our platform is built to empower everyone in the real estate ecosystem—from individual buyers, sellers, and renters to the nation’s leading builders, developers, and channel partners—by providing verified listings, expert home loans, and a full suite of essential home services, all in one place.

Our platform offers different listing plans to fit your needs. Professional Channel Partners registered with RERA can list up to 50 properties, while individual users can post up to five. This ensures our marketplace remains organized and full of high-quality options for property seekers.

Founded by Mr. Mohammed Waseem MG, TopSellingProperty.com operates in more than 50 Indian cities. We are a central hub for finding residential and commercial properties. Our goal is to make the entire process easier by offering property listings and all the essential home services you need, all in one place.

We’re more than just a property search site. We also help you with every other part of home ownership. You can get Property Loans, professional help with rental agreements, home interiors, cleaning, and even pest control. We are here to help with all the common needs of owning or renting a home.

We believe technology can fundamentally change the real estate landscape for the better. Our vision is to create a single, trusted platform that brings transparency and simplicity to every transaction. By making all our tools and data accessible on both our website and mobile app, we are building a more open and accessible real estate community for everyone in India.

Follow Us:

LinkedIn: www.linkedin.com/company/top-selling-property/

Facebook: www.facebook.com/people/Top-Selling-Property/61578115404722/

Instagram: www.instagram.com/topsellingproperty/

Twitter (X): www.x.com/TopSellingProp

YouTube: www.youtube.com/@topsellingproperty

Download Our App:

Google Play: https://play.google.com/store/apps/details?id=com.essotto.essotto

Media Contact

Organization: TopSellingProperty.com

Contact Person: Media Relations

Website: https://www.topsellingproperty.com

Email: Send Email

Contact Number: +919845400535

Country:India

Release id:39531

The post TopSellingProperty.com Launches All-in-One Platform for Property Listings, Loans & Home Services Pan India 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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