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Glory Star expected to further increase profitability

Published

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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Alex Jacob

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Press Release

MEXC Upgrades RealStocks With Three New Features to Enhance U.S. Stock Trading Experience

Published

14 minutes ago

on

August 11, 2026

By

Mutsamudu, Comoros, August 11th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, has upgraded its RealStocks trading experience with three new features. The upgrade is designed to improve access to the U.S. stock market, simplify fund and portfolio management, and support users pursuing long-term investment strategies through the MEXC platform.

RealStocks is an innovative cross-market trading product launched by MEXC in collaboration with regulated brokerage partners, allowing eligible users to directly purchase and hold real shares of more than 7,000 US-listed stocks and ETFs. With the new RealStocks Real-World Assets (RWA) feature, users can access a trading experience that more closely mirrors the real U.S. equity market and enjoy applicable shareholder rights where available.

The latest upgrade introduces two additional features to simplify the trading and investment process. When a RealStocks account has insufficient funds, users can now transfer available assets directly from their Spot account during the order process, eliminating the need to pre-fund the RealStocks account. The upgrade also introduces Recurring Investments for stocks, allowing users to set a fixed amount and investment frequency, such as weekly or monthly, to automatically purchase selected stocks. This feature helps reduce the need for manual order placement and supports a more consistent approach to long-term investing.

The RealStocks upgrade further enhances the trading experience for users on MEXC. As a one-stop trading platform, MEXC provides multiple ways to access U.S. equities, including RealStocks, Tokenized Stocks, Stock Futures, and Pre-IPO Launchpad opportunities. MEXC continues to uphold its commitment to “0 Fees” and “Infinite Opportunities” by lowering trading barriers and expanding access to global markets. In July, MEXC offered 0-fee trading across 995 trading pairs, helping users save a total of $112 million in trading fees. In addition, MEXC 0808: Stock Season, the annual brand event, is currently underway, offering 0-fee trading across RealStocks, Tokenized Stocks, and Stock Futures, with a $500,000 prize pool.

Looking ahead, MEXC will continue to enhance its products and services, providing users with broader access to global markets while lowering the barriers to market participation.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

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MEXC PR team
media@mexc.com

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Cloud PR Wire

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Press Release

MEXC Lists DAPPOS (DOS) With $60,000 Worth of DOS and 10,000 USDT in Airdrop+ Rewards

Published

29 minutes ago

on

August 11, 2026

By

Mutsamudu, Comoros, August 11th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, listed DAPPOS (DOS) in the Innovation Zone, with the DOS/USDT pair opening at 09:07 (UTC) and the DOS/USDC pair opening at 09:27 (UTC) on August 10, 2026. DOS is also available on MEXC Convert for instant, zero-fee token swaps. To celebrate the listing, MEXC has launched the DAPPOS (DOS) Airdrop+ event, offering $60,000 worth of DOS and 10,000 USDT in rewards.

DAPPOS builds low-barrier AI products that make advanced AI accessible without a steep learning curve. Its flagship product, xBubble, is a low-prompt AI agent that automatically codes, tests, and dispatches task-specific AI solutions, allowing users to focus on outcomes rather than manual operation. DAPPOS has raised more than $20 million from investors including Polychain Capital, YZi Labs, Sequoia China, IDG Capital, and other leading institutions. xBubble has attracted over 10,275 paying OCP clients and generated more than $6.8 million in cumulative revenue. DOS serves as the utility and governance token of the DAPPOS ecosystem, used for accessing premium services, paying transaction fees, staking-based participation, and protocol governance. The total supply is fixed at 1 billion DOS.

The DAPPOS (DOS) Airdrop+ event is now underway, running from August 10, 2026, 09:00 (UTC) to August 24, 2026, 09:00 (UTC), with three ways to participate. New users can deposit DOS to share $54,000 worth of DOS, while all users can trade DOS in a spot challenge to share $6,000 worth of DOS. New users can also join a futures challenge, trading DOS futures to share 10,000 USDT in Futures bonuses. Full event details are available on the MEXC Airdrop+ event page.

This listing reflects MEXC’s ongoing commitment to its “0 Fees” and “Infinite Opportunities” vision, eliminating trading costs and helping users seize opportunities across global markets. In July 2026, MEXC listed 199 new tokens and expanded its zero-fee trading pairs to 995. As a one-stop trading platform, MEXC enables users to trade cryptocurrencies alongside real-world assets, including U.S. stocks, ETFs, commodities, and precious metals, within a single account. Backed by rapid asset listings, an extensive selection of assets, industry-leading liquidity, and competitive trading fees, MEXC has become a preferred platform for a growing number of investors. According to CoinMarketCap, MEXC ranked third among global exchanges by trading volume in July. MEXC will continue to accelerate asset listings and product innovation, empowering users to build diversified portfolios across digital and traditional markets.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

Risk Disclaimer:

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

Contact

MEXC PR team
media@mexc.com

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Cloud PR Wire

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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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Press Release

PrimeXBT Launches MT5 Cent Account for Beginners and Risk-Conscious Traders

Published

59 minutes ago

on

August 11, 2026

By

Castries, Saint Lucia, August 11th, 2026, FinanceWire

PrimeXBT, a global multi-asset broker, has expanded its MetaTrader 5 (MT5) offering with the launch of a Cent Account, providing traders with a lower-risk way to access live markets, test new trading strategies, and trade with significantly smaller position sizes.

A Cent Account functions like a standard MT5 account but is denominated in US cents (USC) rather than US dollars (USD). This means a $10 deposit is displayed as 1,000 USC within the MT5 platform, while the client’s Personal Area continues to show the balance in USD for clarity. Lot sizes are also scaled down, with 1 lot on a Cent Account equivalent to approximately 0.01 Standard lot, or 100,000 cents.

The account supports leverage of up to 1:1000 and provides access to Forex Majors and Minors, Gold, Silver, and BTC and ETH CFDs. Swap-free functionality and eligible bonus programs are available under the same terms as other supported MT5 account types.

“Many traders find that moving from a demo account to live trading is one of the biggest psychological hurdles in their trading journey,” said Jonatan Randin, Senior Market Analyst at PrimeXBT. “A Cent Account provides a practical next step by allowing traders to experience real market conditions while keeping position sizes smaller. As traders gain confidence and experience, they can naturally progress through PrimeXBT’s MT5 account offering as their trading needs evolve.” 

Designed for beginners, risk-conscious traders, and experienced traders testing new strategies, a Cent Account allows users to trade under live market conditions with lower financial exposure than a Standard account. Together with Standard, ZeroStop, and Pro accounts, they complete PrimeXBT’s MT5 account lineup, giving traders the flexibility to choose the account type that best matches their experience, objectives, and risk tolerance.

The launch reflects PrimeXBT’s ongoing commitment to expanding its trading ecosystem with flexible account options, advanced platforms, and competitive trading conditions, supporting traders at every stage of their journey.

To learn more, please visit PrimeXBT website.

About PrimeXBT

PrimeXBT is a global multi-asset broker and crypto asset service provider trusted by traders in more than 150 countries. The platform bridges traditional and digital markets within one integrated environment, redefining versatility and innovation in online trading. Clients can access Forex, CFDs on indices, commodities, shares, crypto, and Crypto Futures, as well as buy, store and exchange cryptocurrencies. This unified experience extends across both the native PXTrader 2.0 platform and MetaTrader 5, supported by advanced risk-management tools and a wide range of funding options in crypto, fiat and local payment methods. Since 2018, PrimeXBT has focused on empowering traders through broad multi-asset access, fair and transparent conditions, professional-grade technology and dedicated human support. By combining expertise, trust and a client-first approach, PrimeXBT sets a benchmark of excellence in the financial industry and provides traders with the tools they need to trade, grow and succeed with confidence.

Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website / T&Cs. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

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PrimeXBT
pr@primexbt.com

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Cloud PR Wire

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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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