Connect with us

Press Release

Glory Star expected to further increase profitability

Published

5 years ago

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

Alex Jacob

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.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

Your Genetic Wellness Partners with Senior Care Expert Lance A. Slatton to Expand Reach of Actionable Biology

Published

1 hour ago

on

April 3, 2026

By

HOUSTON, TX, United States, 3rd Apr 2026 – Your Genetic Wellness (YGW), a pioneer in direct-to-consumer genetic assessments, is officially moving the industry from data discovery to Actionable Biology. To support this mission and increase the platform’s visibility within the healthcare community, YGW has announced a strategic partnership with Lance A. Slatton, the award-winning Senior Care Influencer. Slatton joins as a Brand Ambassador, lending his extensive expertise and industry credibility to help families bridge the gap between genetic science and proactive care.

“The era of data overload is over,” said Josh Bowie, SVP of Strategy & Insights at Your Genetic Wellness. “Your Genetic Wellness isn’t just another report to file away; it’s a GPS for your biology. We’ve built a system designed to help you understand what your body is telling you, providing the evidence-backed clarity needed to take confident next steps for wellness starting tomorrow morning.”

Unlike traditional ancestry or entertainment-based DNA tests, Your Genetic Wellness uses a simple at-home oral swab and CLIA-certified laboratory analysis to provide preventive insights designed to move people from results to routines. To ensure total consumer confidence, YGW maintains a strict Privacy First policy, ensuring all genetic data is encrypted and never sold to third parties.

Slatton, host of the premier podcast All Home Care Matters, chose to partner with YGW to help spread the word about the platform’s potential to transform how families manage long-term health.

“As someone deeply involved in senior care, I see this screening as a game changer,” said Slatton. “It gives people the clarity and confidence to plan their wellness journeys more effectively. It’s like unlocking the instruction manual to your body’s unique needs. Working alongside the YGW team reminded me why collaboration matters: this tool is committed to helping people live longer, stronger, and smarter.”

Clinical Credibility and Doctor-Ready Insights
A core differentiator of the YGW platform is its utility in a clinical setting. The reports are structured to support productive, informed conversations with healthcare providers, turning a genetic riddle into a clear, actionable roadmap. This focus on clinical relevance ensures that YGW is a professional tool for long-term health management.

“Our goal is not simply to provide information, but to help make that information relevant in a way that supports both the individual and the clinician,” said Dr. Divyen Patel, Research Director and Founder/CEO of Genome Explorations. “When genetic insight is presented thoughtfully, it becomes the foundation for more meaningful, preventive health decisions.”

About Your Genetic Wellness
Your Genetic Wellness (YGW) is the leader in Actionable Biology, transforming complex genetic signals into clear, evidence-backed pathways for longevity and vitality. By utilizing non-invasive collection and CLIA-certified laboratory analysis, YGW provides a Smarter Start to the health journey. With a steadfast commitment to data privacy and clinical utility, YGW empowers individuals to move from results to routines alongside their healthcare providers. Learn more at yourgeneticwellness.com.

Social Media: 
Instagram https://www.instagram.com/yourgeneticwellnessco/ 
Facebook: https://www.facebook.com/yourgeneticwellness/ 
LinkedIn: https://www.linkedin.com/company/your-genetic-wellness/about/  

About Lance A. Slatton and All Home Care Matters
Lance A. Slatton, CSCM, is the Senior Care Influencer and host of the award-winning podcast All Home Care Matters, which serves over 116,000 subscribers. A seasoned healthcare professional with over 20 years of experience, Slatton serves as a Brand Ambassador for YGW and is the President of AlzAuthors. He advocates for innovative tools that empower families and caregivers to make informed health decisions.  Learn more at https://allhomecarematters.com/  

Media Contact

Organization: Your Genetic Wellness

Contact Person: Josh Bowie

Website: https://yourgeneticwellness.com

Email:
Josh.bowie@yourgeneticwellness.com

City: HOUSTON

State: TX

Country:United States

Release id:43612

The post Your Genetic Wellness Partners with Senior Care Expert Lance A. Slatton to Expand Reach of Actionable Biology 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

Cloud PR Wire

See author's posts

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

The Full Spectrum of K-Culture in One Place: “2026 MyK FESTA” to Open June 25

Published

2 hours ago

on

April 3, 2026

By

A four-day event to be held from June 25 (Thu) to 28 (Sun) across the KINTEX area, showcasing the full spectrum of K-culture, including beauty, fashion, and food.

Actor Lee Chae Min appointed as official ambassador; the festival to feature global artists such as TREASURE and RIIZE.

Goyang, Korea – 03/04/2026 – (SeaPRwire) – The 2026 MyK FESTA, a comprehensive K-culture event hosted by the Ministry of Culture, Sports and Tourism (Minister CHAE Hwi-young, hereinafter “MCST”) and organized by the Korean Foundation for International Cultural Exchange (President Park Chang Sik, hereinafter “KOFICE”), will be held for four days, from June 25 (Thu) to 28 (Sun), at KINTEX and SONO Calm GOYANG in Goyang, Gyeonggi Province.

Next-Generation Star Lee Chae Min Appointed as Official Ambassador

Actor Lee Chae Min has been appointed as the official ambassador for this year’s event. Lee has garnered global recognition as a rising star through the drama Bon Appétit, Your Majesty. Additionally, he is also widely known among K-pop audiences worldwide, bolstered by his extensive experience as a music show MC. KOFICE stated that Lee was selected in recognition of his fresh and sophisticated image as a rising K-culture icon, which closely aligns with the values of MyK FESTA. As the official ambassador, Lee is expected to participate in on-site programs during the event, with detailed program information to be announced at a later date.

A Four-Pillar Program Integrating Performance, Discourse, and Business

MyK FESTA is structured around four main programs designed to offer an immersive experience of the diverse facets of K-culture.

At KINTEX Exhibition Hall 1, dynamic K-pop concerts will be held alongside a talk platform offering insights into the cultural industries. First, MyK LIVE (a concert) will feature top-tier artists such as HIGHLIGHT, TREASURE, ZEROBASEONE, RIIZE, izna, and Hearts2Hearts, showcasing the essence of K-pop. Second, MyK VOICE (a talk session) will bring together experts from various sectors of the cultural industries to engage in open discussions on current trends and the future outlook of K-culture. Third, MyK STREET (an exhibition and experience-driven platform) will offer new consumer experiences through pop-up stores and showcases featuring companies across various K-culture sectors.

At SONO Calm GOYANG, a series of specialized business programs will be held to strengthen the industry ecosystem of K-culture. Finally, MyK TRADE (an export consultation platform) will support the tangible global expansion of Korea’s cultural industries through B2B export consultations and a networking day involving global buyers and Korean companies.

Park Chang Sik, President of KOFICE, stated, “At last year’s inaugural event, MyK FESTA shared content that brought together K-culture and everyday life for global audiences, demonstrating its potential as an event capable of attracting around 50,000 global fans.” He added, “This year, we plan to offer a more in-depth experience of our cultural industries through a diverse range of programs tailored to the individual preferences of visitors.”

Ticket information and detailed schedules for the MyK LIVE concerts will be announced in phases via the official website (www.mykfesta.com) and official social media channels.

Media contact

Min-seok Seo, Director of the Global Content Outreach Team

Korean Foundation for International Cultural Exchange

E – min027@kofice.or.kr

W – https://www.mykfesta.com

About Author

Cloud PR Wire

See author's posts

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

After The Fall Show Podcast Launches, Expanding Street Therapy to help a Global Audience

Published

7 hours ago

on

April 3, 2026

By

Icarus Works, founded by Dean Cooper (also known as Icarus), has announced the launch of After The Fall Show, a new podcast exploring real stories of burnout, recovery and transformation. Following recent media features of its founder on BBC Cornwall, BBC England and Cornwall Live, the show brings lived experience to conversations around mental health, addiction and rebuilding. Built on the Street Therapy approach, it offers both honest stories and practical insight into change — charting the journey from survival to sustainable growth.

Cornwall, Cornwall, United Kingdom, 3rd Apr 2026 – Icarus Works, founded by Dean Cooper (also known as Icarus), has officially launched the “After The Fall Show”, a podcast focused on real stories of burnout, recovery and transformation.

The show is built around a simple but powerful structure — exploring the rise, the fall, the lowest point, and what it truly takes to rebuild. Each episode features individuals from diverse backgrounds who have faced significant life challenges, including mental health struggles, addiction, trauma, disability and personal crisis.

Unlike traditional self-help content, After The Fall Show focuses on lived experience and honest reflection rather than surface-level motivation.

“This isn’t a polished version of life,” said Cooper. “It’s real people, real stories, and real turning points. It’s raw at times, but it brings hope in a way few things can. It’s human.”
 

A new podcast to bring real stories internationally

Dean Cooper, a Cornwall-based father and creator of the Street Therapy approach, previously gained recognition following media coverage of his personal recovery journey after experiencing severe burnout and health complications. His story was featured on BBC Cornwall, BBC England and regional publication Cornwall Live.

Building on that experience, Cooper developed Street Therapy — a practical, accessible approach to recovery based on walking, reflection and human connection. The podcast represents an expansion of that philosophy into a broader platform designed to reach and support others.

After The Fall Show brings together voices from across society, sharing stories of individuals who have faced adversity and rebuilt their lives. Each guest discusses not only what happened, but what changed — including the mindset shifts, decisions and turning points that enabled them to move forward.

“Every single person has fractures,” Cooper said. “What matters is what we do next.”

Alongside the main podcast, a companion series titled “After The Fall: After Dark” provides deeper discussion, including insights from professionals and specialists. The aftershow aims to bridge the gap between storytelling and practical guidance, offering listeners actionable perspectives on recovery and personal change.

The podcast is part of a wider initiative under Icarus Works, which includes the continued development of the Street Therapy approach, upcoming written works, and community-focused projects aimed at supporting mental health, addiction and personal transformation.

After The Fall Show is now available across major platforms including Spotify, Apple Podcasts, YouTube, Amazon Music, TuneIn and Deezer.

 

Street Therapy - A urban brand for personal growth and recovery

Listeners can learn more at:
https://www.StreetTherapy.co.uk

Individuals with compelling personal stories of recovery and transformation are invited to apply to be featured on the show:
https://www.AfterTheFallShow.com

Media Contact

Organization: Icarus Works

Contact Person: Dean Cooper

Website: https://icarus.works

Email: Send Email

Contact Number: +447999929392

Address:Tremarvy Barn

City: Cornwall

State: cornwall

Country:United Kingdom

Release id:43591

The post After The Fall Show Podcast Launches, Expanding Street Therapy to help a Global Audience 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

Cloud PR Wire

See author's posts

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

Like Us
Follow Us
Subscribe Us
Follow Us