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Glory Star expected to further increase profitability

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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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Press Release

The Growing Demand for Sober Lifestyle Products Reflects a Changing Culture

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1 hour ago

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August 1, 2026

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United States, 1st Aug 2026 – Across the United States, sobriety is increasingly being embraced as a lifestyle rooted in wellness, purpose, and authentic connection rather than simply as recovery from addiction. As more people choose alcohol-free living and openly celebrate their personal milestones, demand is growing for meaningful sober merch, thoughtful sobriety gifts, and premium sober clothing that reflect resilience, identity, and hope.

This cultural shift is taking place alongside the rapid growth of the broader sober movement. Today, the Loosid ecosystem—which includes its sober community, recovery resources, marketplace, and lifestyle brand—has grown to more than 450,000 installs, generated 21.8 million user sessions, and helped facilitate nearly 198,000 friendships, highlighting the increasing demand for supportive, recovery-focused communities.

Rather than viewing sobriety as giving something up, many Americans now see it as gaining healthier relationships, stronger mental well-being, greater purpose, and a more intentional way of living. That evolving perspective is also changing how recovery is celebrated, creating demand for products that recognize progress, encourage conversations, and remind people of how far they have come.

Helping lead that conversation is Get Loosid, the lifestyle merchandise division of the Loosid brand. Built by people with lived recovery experience, Get Loosid was created to help individuals celebrate recovery proudly through meaningful products that represent strength, perseverance, and personal transformation.

The inspiration behind the brand is deeply personal.

Loosid was co-founded by MJ Gottlieb, whose own recovery journey revealed a challenge faced by many people entering sobriety: maintaining an alcohol-free lifestyle in a world where social activities often revolve around drinking. After achieving sobriety, Gottlieb envisioned a community that would prove sober living is not the end of fun but the beginning of a healthier and more fulfilling life. That vision ultimately grew into the Loosid ecosystem and later expanded with Get Loosid, giving people meaningful ways to celebrate their recovery every day.

Today, that philosophy resonates with a growing audience. More individuals are embracing the sober lifestyle not only because of recovery, but because they value wellness, mindfulness, and authentic relationships. Friends and family members are also looking for thoughtful ways to recognize important milestones, fueling demand for recovery gifts, personalized sobriety gifts, and keepsakes that celebrate resilience rather than focusing on past struggles.

Recovery experts have long recognized the importance of acknowledging milestones. Whether someone is celebrating thirty days, one year, or decades of sobriety, recognizing those achievements can reinforce confidence, strengthen accountability, and encourage continued progress.

As a result, soberversary gifts have become increasingly meaningful. Rather than giving generic presents, loved ones are choosing personalized items that commemorate sobriety anniversaries, birthdays, and personal accomplishments with messages that carry lasting emotional significance.

Get Loosid has responded to this growing movement by focusing on quality, personalization, and purpose instead of novelty merchandise.

One of the company’s most popular offerings is its personalized sobriety-date jewelry, allowing individuals to carry a daily reminder of the commitment they’ve made to themselves. Each piece serves as more than an accessory—it becomes a symbol of perseverance, hope, and the promise of another sober day.

Another favorite is the company’s customized “Sober Since” apparel, including premium sober t-shirts and sober hoodies that transform important recovery milestones into wearable expressions of pride. Rather than simply displaying a date, these pieces encourage meaningful conversations while helping individuals celebrate achievements they once thought impossible.

Get Loosid also offers thoughtfully designed artwork inspired by recovery, resilience, and transformation. Through inspirational décor featuring recognizable recovery symbols and meaningful addiction art, individuals can create personal spaces that reflect optimism, gratitude, and continued growth. These pieces serve as daily reminders that recovery is not defined by what has been left behind but by everything that has been gained.

For many members of the recovery community, these products represent something much larger than merchandise. They become visible reminders that recovery deserves recognition and that every milestone—regardless of how big or small—is worth celebrating.

This message aligns closely with Loosid’s broader mission of helping change public perception surrounding sobriety. Rather than allowing recovery to remain hidden by stigma, the company encourages individuals to celebrate their journeys openly, inspiring others while helping normalize sober living as a positive and fulfilling lifestyle.

That mission has already helped build one of the nation’s fastest-growing sober communities. Through the Loosid platform, members can connect with peers, track sobriety milestones, access recovery resources, discover wellness opportunities, and build meaningful relationships within a supportive environment dedicated to long-term success.

As the sober lifestyle movement continues to expand, consumers are increasingly seeking brands that reflect authenticity, purpose, and community rather than simply selling products. Industry trends suggest this demand will continue as more Americans prioritize wellness, intentional living, and meaningful self-expression through the products they choose and the stories they share.

Looking ahead, Get Loosid plans to continue developing premium collections that celebrate every stage of the recovery journey while supporting the larger mission of the Loosid ecosystem. By combining thoughtful design with lived experience, the company hopes to inspire more conversations that replace stigma with understanding and shame with pride.

The future of sober living is no longer defined by what people leave behind—it is defined by the lives they build, the communities they create, and the milestones they celebrate together.

Individuals interested in learning more about Get Loosid, exploring its sober lifestyle collections, or discovering resources that support long-term sober living can visit https://getloosid.com.

About Get Loosid

Get Loosid is a United States-based sober lifestyle brand dedicated to celebrating recovery through premium apparel, personalized gifts, jewelry, accessories, home décor, and milestone merchandise. Built by people with lived recovery experience, the company empowers individuals to wear and share their sobriety with pride. As part of the broader Loosid ecosystem, Get Loosid continues to inspire hope, resilience, and authentic community by creating meaningful products that celebrate transformation, personal growth, and sober living. The company’s mission is simple yet powerful: to help create a world where recovery is celebrated openly, every milestone matters, and every sober day becomes a reminder that hope is stronger than stigma.

Media Contact

Organization: Get Loosid

Contact Person: MJ Gottlieb

Website: https://getloosid.com/

Email: Send Email

Country:United States

Release id:47818

The post The Growing Demand for Sober Lifestyle Products Reflects a Changing Culture 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

Shattering Industry Norms: Don Kilam Drives Global Expansion Backed by $35.8M Portfolio

Published

3 hours ago

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August 1, 2026

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Don Kilam, founder of Kilam International, is scaling up the enterprise’s global operations, supported by an underlying $35.8 million portfolio. Core Focus: The expansion centers on advanced wealth-preservation strategies, including non-grantor private express trusts, business credit development, and sovereign asset administration. Background: Kilam built his firm after overcoming homelessness in Philadelphia, using common law frameworks and private administrative structures to secure generational wealth and independence from traditional corporate systems. New Initiatives: Kilam International is introducing executive masterclasses, administrative transition blueprints, and collaborative incubator networks to help business owners protect assets via private holding companies and unincorporated associations. Location & Contact: Headquartered in Las Vegas, NV, with media inquiries directed to Katrina Studer in Public Relations.

Las Vegas, NV | Aug 01, 2026– Following a remarkable shift from severe personal hardship to the stewardship of a multi-million-dollar financial footprint, leading private asset strategist Don Kilam has announced a major expansion of his flagship enterprise, Kilam International. Backed by an underlying $35.8 million portfolio, this operational scaling marks a pivotal evolution in wealth preservation—pioneering the use of non-grantor trust architectures, corporate credit building, and sovereign asset management.

From Adversity to Enterprise Autonomy

The ethos driving Kilam International stems directly from its founder’s personal journey. After overcoming homelessness in Philadelphia, Kilam fundamentally reshaped his financial path by mastering common law principles, administrative frameworks, and private trust structures.

This strategic pivot enabled his enterprise to scale rapidly, secure vital funding, and build a resilient infrastructure tailored to protect long-term family wealth. Rather than relying on traditional financial systems, Kilam International approaches personal branding and estate administration as an enduring, self-governing business model.

“True financial transformation happens the moment you stop operating as a passive consumer and step up as a sovereign manager of your own estate,” says Don Kilam, Founder of Kilam International. “By leveraging private express trusts and strategic business credit, we’ve built an ecosystem that prioritizes structural control and lasting legacy over the exposure of conventional corporate setups.”

Equipping Entrepreneurs for Sovereign Estate Control

As part of its expanded dynamic, Kilam International is launching an upgraded suite of educational programs and tools designed to help contemporary business owners retain full control over their assets:

  • Executive Masterclasses & Live Webinars: Intensive instruction covering private trust mechanics and legal mechanics.
  • Administrative Frameworks: Step-by-step blueprints for migrating assets out of vulnerable public exposure into secure structures.
  • Collaborative Incubator Communities: Active, peer-driven networks built for independent operators pursuing structural sovereignty.

Through these core initiatives, Kilam International equips entrepreneurs with the precise administrative tools necessary to seamlessly transition assets into private holding companies and unincorporated entities.

Media & Corporate Contact Information

For additional details on private wealth protection protocols or upcoming educational programs, visit the official corporate channels:

Media Relations Contact:

Kilam International Public Relations
Attn: Katrina Studer
8565 S Eastern Ave, Suite 150
Las Vegas, Nevada 89123

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Press Release

ISGroup Publishes Large-Scale Study Showing AI Can Identify Real Software Vulnerabilities

Published

4 hours ago

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August 1, 2026

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1.24 billion tokens. 12,000 model requests. 29 confirmed vulnerabilities in a platform hardened by a decade of independent audits. One of the most extensive public studies to date on LLM-driven vulnerability research.

Italy, 1st Aug 2026 –  What happens when you point a frontier AI model at real-world, battle-tested software and ask it to think like an attacker? ISGroup, the Italian offensive-security firm with two decades of experience in penetration testing and security research, set out to answer that question – and has now published the results in “What Can an Attacker Find With an LLM?”, a large-scale study that places Italy at the forefront of global research on AI-assisted security analysis.

The target was no soft one. ISGroup chose GlobaLeaks, the open-source whistleblowing platform trusted by newsrooms, corporations, and public institutions worldwide to protect sources – software refined over more than a decade and already subjected to multiple independent security audits. If AI could still find real flaws there, it could find them anywhere.

It did. Using frontier models from Anthropic and OpenAI, ISGroup processed approximately 1.24 billion tokens across 12,000 model requests, generating 110 candidate findings. Every single one was manually triaged by ISGroup’s researchers, who treated each model output as a hypothesis to be proven, not a conclusion to be trusted. The final tally: 29 confirmed vulnerabilities, 12 denial-of-service issues, and 42 hardening observations – all responsibly disclosed to the GlobaLeaks team before publication, with the most critical issues already fixed. The net result: stronger protection for whistleblowers and journalists around the world.

Beyond the findings themselves, the study delivers something the international security community has been asking for: hard numbers. ISGroup documents the real costs, the methodology – including a defined threat model, a taxonomy of software weakness classes, and strict evidence requirements – and the honest limitations of the approach: false positives, non-deterministic results, and the non-negotiable need for expert human validation.

The strategic implication is significant. Reviewing an entire codebase – an effort that until recently demanded weeks of specialist work and substantial budgets – can now be done more broadly, more continuously, and at a fraction of the cost.

“Artificial intelligence does not replace specialist expertise, but it increases the amount of code a team can analyse and reduces the cost of doing so,” said Francesco Ongaro, founder of ISGroup. “Experts still have the decisive role of distinguishing a plausible hypothesis from a real vulnerability.”

With this publication, ISGroup adds to a growing body of research that demonstrates how European – and specifically Italian – security expertise is shaping the global conversation on AI and offensive security.

The full report, including methodology, costs, and complete results, is available at: https://www.isgroup.biz/en/cyber-security/llm-based-code-security-review-costs-findings-methodology.html

About ISGroup: ISGroup is an Italian cybersecurity company specialising in offensive security, penetration testing, and security research, serving clients internationally with a research-driven approach to protecting critical software and infrastructure.

Notes for Editors

Francesco Ongaro is available for interviews and technical briefings. A one-page summary of the methodology and aggregated data on model usage are available upon request.

About ISGroup

ISGroup S.r.l. is an Italian cybersecurity company serving clients around the world across a wide range of industries. The company specialises in security research, security assessments, penetration testing, and advanced security analysis of applications and infrastructure. Website: www.isgroup.biz 

Press Contact

Francesco Ongaro
Founder, ISGroup S.r.l.
Email: francesco.ongaro@isgroup.it
Phone: +393518158844 (WhatsApp)

www.isgroup.it  ITALY
www.isgroup.biz  WORLD

Media Contact

Organization: ISGroup S.r.l.

Contact Person: Francesco Ongaro

Website: http://www.isgroup.biz/

Email: Send Email

Country:Italy

Release id:47793

The post ISGroup Publishes Large-Scale Study Showing AI Can Identify Real Software Vulnerabilities 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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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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