Connect with us

Press Release

Glory Star expected to further increase profitability

Published

on

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.

About Author

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.

Continue Reading

Press Release

SIM IP Is Building a China Trade Out of Patents, Not Products

Published

on

Miami, United States, July 27th, 2026, FinanceWire

Is there another China trade coming? One contrarian answer in finance says yes, and it has nothing to do with stocks, supply chains, or tariffs. It is patents.

SIM IP, the Miami-based intellectual property investment firm led by Erich Spangenberg, has spent the past fifteen months buying patent portfolios at a pace its industry rarely sees. People close to the firm describe a deliberate focus on patents sourced from Chinese technology companies, in the areas where European patent enforcement now bites hardest. The firm operates as a principal, buying with its own capital rather than earning fees on other people’s money. Together, the purchases look less like a licensing business and more like a directional trade.

The Asset Class Institutional Money Found Late

For most of its existence, IP monetization was a specialist’s corner of finance, thinly capitalized. That has changed. By estimates one firm cites, dedicated institutional capital in the space has grown from roughly $5 billion in 2010 to more than $50 billion today. Fortress Investment Group manages approximately $5 billion in its intellectual property strategy. InterDigital, a publicly traded licensing business, and its peer public licensing companies, like Rambus, today have a combined market cap of over $28 billioni.

Only a handful of these players operate as principals at scale, and SIM IP has built its position under one of the field’s most recognized names. Spangenberg, a former Jones Day lawyer and Donaldson, Lufkin & Jenrette banker, has acted as a principal in more than $1 billion of IP licensing transactions and over $1.5 billion of IP financing deals, plus an advisory record above $2 billion. He is sought out by patent owners who share returns with him and, by the firm’s own telling, quietly feared by the technology companies that end up across the table.

Eleven Deals in Fifteen Months

The cadence is the tell. SIM IP has closed 11 patent transactions over the 15 months to May 2026, by its own count. The firm reckons a significant patent acquisition typically takes 6 months or more to close; its dated announcements show deals landing roughly every 45 days. The most recent, announced on May 19, 2026, took 126 curated video coding patents off Alibaba’s hands, covering the AV1 and AV2 standards that sit underneath streaming platforms and AI data center workloads.

China sourcing is not opportunistic. Government records show Spangenberg kept an office in Shanghai’s Jin Mao Tower as early as 2004, years before most Western IP investors treated China as a source of world-class portfolios. Those relationships, with IP executives, researchers, and officials, are, by the company’s account, its supply line today. Sources familiar with the firm’s strategy say the buying is concentrated in data center infrastructure, foldable display technology, and next-generation communications.

A Digital Twin and a European Lever

Two pieces turn a stack of portfolios into a position. The first is Garden Intel, the applied AI company SIM IP acquired for $150 million in February 2026. The reaction the firm says it heard at the time was that the price was too high, and that general-purpose models would soon replicate Garden’s analytics for free. Spangenberg’s answer was blunt: “Not without 20+ years of proprietary transaction data generated personally across 1,600+ deals done privately, data that no foundation model has ever seen and no competitor can replicate,” said Spangenberg, co-founder and chief executive officer of SIM IP. The firm says it is now running Garden’s engine across that private deal history to build what it calls a digital twin of Spangenberg’s judgment, so his pattern recognition operates across the firm rather than in one man.

The second piece is Europe. The Unified Patent Court, now operational across 18 EU member states, allows a patent holder to win a single injunction blocking sales in all of them simultaneously, from Germany and France to the Netherlands and Italy. Under the old country-by-country system, a manufacturer could fight and lose piecemeal. Under the UPC, one loss can shut off most of the European market at once. The technology areas where sources say SIM IP is buying are the same areas where hyperscalers, cloud companies and consumer electronics manufacturers carry their heaviest European exposure.

Contrarian trades are judged in hindsight, and this one has plenty to prove. The structure, though, is already visible: an asset class filling with institutional money, a principal deploying his own capital with a two-decade head start in the market supplying the assets, an AI system trained on data nobody else holds, and a European court that has turned patents into market access. Whether or not the China IP Trade ends up beside the famous macro bets, SIM IP has already made it a position rather than a thesis.

Contact

Miss Investigate
info@missinvestigate.com

About Author

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.

Continue Reading

Press Release

Eva Soldati-Schnyder Honored as “Law Firm of the Year” in Central Switzerland (2026)

Published

on

Recognition highlights two decades of excellence in international inheritance, arbitration, and commercial law.

Switzerland, 27th Jul 2026 – In today’s complex legal and financial landscape, where international borders blur and regulations grow increasingly intricate, certainty is the most valuable asset. At the critical crossroads of life and business, whether navigating high-stakes commercial disputes or securing the generational transfer of family wealth conventional legal advice is simply not enough. Clients require a clear compass, unquestionable authority, and profound human understanding. They need a sanctuary of stability.

The recent institutional recognition awarded to Evalaw exemplifies these exact qualities. In an official and prestigious announcement, the legal community of the Canton of Lucerne has awarded Rechtsanwältin Eva Soldati-Schnyder and her team the esteemed title of “Law Firm of the Year 2026.”

This accolade is more than a professional commendation; it is a definitive seal of quality, representing two decades of meticulous Swiss practice, uncompromising strategy, and outstanding achievements in managing high-risk arbitration and some of the most complex cross-border succession cases in Central Switzerland.

Two Decades of Precision: Where Technical Mastery Meets Strategic Vision

Since her admission to the Bar in 2006 (Anwaltskammer Luzern), Eva Soldati-Schnyder has relentlessly built Evalaw into more than just a law practice, it has become an institution synonymous with Swiss prestige, absolute discretion, and unwavering reliability.

Today, the firm is the destination of choice for international clients seeking to bridge the gap between traditional Swiss legal rigor and modern, agile, client-centric solutions. Evalaw’s success lies in its unique ability to deconstruct highly complex, emotionally or commercially charged situations into rational components. We build a clear, step-by-step strategy that neutralizes uncertainty and restores absolute control to our clients’ hands.

The Pillars of the Firm: Leadership in a World of Uncertainty

The “Law Firm of the Year” award specifically highlights Evalaw’s exceptional command over three core legal domains, where the firm is recognized as a supreme professional authority:

1. International Inheritance & Estate Planning (Protecting Your Legacy)
The transfer of wealth, assets, and a life’s work across generations requires far more than technical proficiency in tax or contract law; it demands vision, sensitivity, and foresight. In a globalized world where family assets often span multiple continents and conflicting legal jurisdictions, Evalaw provides an airtight legal architecture.
Our team skillfully navigates Swiss and international private law to preserve the client’s legacy, prevent future disputes, and protect the family from unforeseen exposure. Every trust, will, and estate plan is crafted with surgical precision, honoring the client’s vision with absolute fidelity.

2. High-Stakes Arbitration & Corporate Law (Strategic Dispute Resolution)
In the modern corporate arena, disputes threaten not only the bottom line but the very existence and reputation of an enterprise. For our corporate clients, entering arbitration requires uncompromising, fierce representation.
Evalaw provides a powerful shield during commercial crises. We represent leading corporations and entities in complex arbitration, cross-border transactions, and struggles for corporate control. Our approach is aggressively protective of our clients’ rights, yet remarkably clear and analytical in the tribunal. We are guided by one singular objective: to swiftly restore business stability and successfully resolve the crisis while maintaining total corporate confidentiality.

3. Matrimonial Law & Wealth Crises (Navigating the Personal with Strength)
The dissolution of a family unit or personal disputes involving significant wealth and public standing are deeply fragile events, carrying both heavy emotional burdens and severe financial risks. In these vulnerable moments, clients often find themselves at a disadvantage.

Our firm offers a discreet, strong, and highly supportive safety net. We utilize deep psychological insight to filter out emotional noise, presenting the client with the full picture free of judgment. We neutralize emotional paralysis, empowering our clients to act from a position of strength, make highly rational decisions, and navigate safely out of the storm toward a secure, protected future.

A Vision of Perfection: Excellence as the Only Standard

“This title is a profound honor, but for us at Evalaw, it serves primarily as a living reminder of the immense responsibility we carry every single day,” stated Eva Soldati-Schnyder following the announcement. “When a client walks through our doors, they are entrusting us with more than legal paperwork; they are handing us their future, their financial security, and often, the peace of mind of their family for generations to come.To represent individuals and corporations with the absolute precision required to meet the strict standards of the Canton of Lucerne and Switzerland is a calling that allows for zero compromises. Excellence, for us, is not a future aspiration; it is the only standard we accept in the present. This award is dedicated to our clients, the families and corporations who chose us as their legal shield, trusting that we will never settle for anything less than perfection on their behalf.”

The Next Step: Secure and Discreet Legal Counsel

Headquartered in the heart of the Canton of Lucerne, Evalaw offers a comprehensive infrastructure designed to provide quiet, highly efficient, and entirely discreet service to our VIP clientele. We invite you to take the most important step toward peace of mind and legal security by scheduling a strategic consultation with our expert team.

Firm Headquarters: Grendelstrasse 21, 6004 Luzern, Switzerland

VIP Client Meeting Facilities (Absolute Discretion): Bahnhofstrasse 4, 6005 Luzern, Switzerland

Direct & SecureCommunication: info@evalaw.ch

Official Website: https://evalaw.ch

Personal Representation: Eva Soldati-Schnyder, Rechtsanwältin | Eva Law

About the Firm:Evalaw is dedicated to providing elite representation in matrimonial law, commercial transactions, international arbitration, and succession planning, strictly adhering to the Swiss standards of rigor, privacy, and unparalleled excellence.

Media Contact

Organization: Eva Law

Contact Person: Eva Soldati-Schnyder

Website: https://evalaw.ch

Email: Send Email

Country:Switzerland

Release id:47595

The post Eva Soldati-Schnyder Honored as “Law Firm of the Year” in Central Switzerland (2026) 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

file

About Author

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.

Continue Reading

Press Release

Saiyan Electric Expands Panel Upgrade Services to Support Homeowners Across Southeast LA County

Published

on

Downey, California, United States, 27th Jul 2026 – Saiyan Electric, a licensed electrical contractor headquartered in Downey, California, today announced the expansion of its electrical panel upgrade services to meet rising demand from homeowners across Southeast Los Angeles County. The announcement comes as many residents prepare for increased summer electrical usage and evaluate whether their home’s electrical system can safely support modern power demands.

Rising Demand Meets Aging Electrical Panels

Homes throughout communities such as BellflowerNorwalkLakewood, and South Gate were largely built in the mid-20th century, many with 60- or 100-amp electrical panels that were standard at the time. Today, the average household may run air conditioning, EV chargers, smart home systems, and other high-draw appliances at the same time, creating loads older panels were never designed to support.

“We’re seeing more homeowners reach out with concerns about tripping breakers, flickering lights, or panels that may be operating near capacity,” said Michael Velasquez, founder of Saiyan Electric. “Many of these homes are 40, 50, or even 60 years old, and the electrical panel hasn’t been updated in decades. As electrical demands increase, it’s important for homeowners to understand whether their system can safely handle those loads.”

Full-Service Electrical Services for Southeast LA County

In addition to panel upgrades, Saiyan Electric provides electrical safety inspectionselectrical troubleshootingwhole-house surge protection, and a full range of residential and commercial electrical services throughout Downey, Bellflower, Lakewood, Norwalk, South Gate, and surrounding LA County communities. The company operates 24/7 for emergency calls and offers upfront pricing with no hidden fees.

All work performed by Saiyan Electric is backed by a 3-year warranty on parts and labor. Technicians are licensed, background-checked, and committed to delivering safe, code-compliant electrical solutions.

Special Offer for New Customers

To help homeowners evaluate the condition of their electrical systems, Saiyan Electric is offering $50 off the first service call for new customers. The company encourages residents, especially those living in older homes, to consider scheduling an electrical panel inspection before peak summer usage.

“The best time to find out whether a panel needs attention is before a problem develops,” Velasquez added. “A professional inspection can help homeowners understand the condition of their electrical system and identify potential issues before they become emergencies.”

About Saiyan Electric

Saiyan Electric is a licensed electrical contractor serving residential and commercial clients throughout Los Angeles County. Founded by Michael Velasquez, the company is based in Downey, CA and serves communities including Bellflower, Lakewood, Norwalk, South Gate, and surrounding areas. Services include electrical panel upgradeselectrical safety inspectionstroubleshootingrewiring, and 24/7 emergency electrical response. All work is backed by a 3-year warranty on parts and labor.

Media Contact

Organization: Saiyan Electric

Contact Person: Michael Velasquez

Website: https://saiyanelectric.com/

Email: Send Email

Contact Number: +13108103243

Address:9702 Washburn Rd

City: Downey

State: California

Country:United States

Release id:47620

The post Saiyan Electric Expands Panel Upgrade Services to Support Homeowners Across Southeast LA County 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

file

About Author

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.

Continue Reading

LATEST POST