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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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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.

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Press Release

Choose Grounding Expands Access to Natural Wellness With Innovative Grounding Products

Published

34 minutes ago

on

March 16, 2026

By

Springfield, Massachusetts, United States, 16th Mar 2026— Choose Grounding, a health and wellness brand dedicated to helping individuals reconnect with the Earth’s natural energy, is expanding access to grounding solutions through its growing range of home wellness products. The company offers innovative grounding sheets, mats, blankets, and sleep accessories designed to make the benefits of grounding accessible from the comfort of home.

Grounding—also known as earthing—is the practice of connecting the human body to the Earth’s natural electrical charge. Traditionally achieved through direct contact with surfaces like soil, sand, or grass, grounding has gained increasing attention as a natural wellness practice associated with improved sleep, reduced stress, and decreased inflammation. Choose Grounding brings this practice indoors through conductive materials that simulate the connection to the Earth’s electrons. (Choose Grounding)

“Modern lifestyles often limit our ability to connect with nature regularly,” said a spokesperson for Choose Grounding. “Our mission is to provide simple, practical solutions that allow people to experience grounding benefits anytime—whether they live in a busy city, work indoors, or simply want to enhance their nightly recovery.”

Choose Grounding’s product lineup includes:

  • Grounding sheets designed to connect sleepers to the Earth’s energy during rest
  • Multipurpose grounding mats that can be used at desks, on floors, or during yoga sessions
  • Grounding blankets and pillowcases for enhanced relaxation and sleep quality
  • Specialized grounding products for babies and pets to support whole-family wellness

These products incorporate conductive materials such as silver fibers or carbon-infused surfaces that connect to the grounding port of a standard electrical outlet, providing a pathway to the Earth’s natural electrical field. 

Grounding has been associated with a wide range of wellness benefits, including improved circulation, reduced inflammation, enhanced sleep quality, and stress reduction. By integrating grounding into daily routines—especially during sleep—users can potentially support the body’s natural recovery processes and overall health.

Choose Grounding continues to expand its product offerings and educational resources to help consumers better understand grounding and its potential wellness applications.

To learn more about Choose Grounding and explore its product lineup, visit https://choosegrounding.com.

About Choose Grounding

Choose Grounding is a wellness company focused on providing products and educational resources that support grounding, also known as earthing. Through grounding sheets, mats, and other conductive products, the company aims to help individuals reconnect with the Earth’s natural energy and promote healthier sleep, reduced stress, and improved overall well-being.

Media Contact
Choose Grounding
736 Boston Road
Springfield, MA 01119
Email: lorna@choosegrounding.com
Phone: +1 512 782 9659

 

Media Contact

Organization: Choose Grounding

Contact Person: Jackie Reed

Website: https://choosegrounding.com/

Email: Send Email

Contact Number: +13525684593

Address:736 Boston Road #518

City: Springfield

State: Massachusetts

Country:United States

Release id:42639

The post Choose Grounding Expands Access to Natural Wellness With Innovative Grounding Products 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

COFF Exchange Launches Ecological Cooperation: Integrating Coinbase Institutional Channels, Crypto.com Payment Entry, and imToken Wallet Ecosystem

Published

34 minutes ago

on

March 16, 2026

By

(December 26, 2025) — According to disclosures from COFF Exchange, the platform has recently initiated the cooperation and integration process with Coinbase’s institutional-grade services, Crypto.com’s payment and fiat gateway capabilities, and the imToken self-custody wallet ecosystem.

COFF stated that the core objective of this collaboration is to bridge the three most common user segments—fiat on-ramping, trade matching, and on-chain self-custody—into a smoother, integrated experience. The relevant features will be rolled out in phases, with specific supported regions and timelines subject to final product pages and joint announcements.

Three-Party Division of Labor: Entry, Execution, and Wallet Connectivity

Based on the disclosed information, this cooperation resembles a “capability puzzle” integration rather than a single business binding:

•Coinbase (Institutional Side): The focus of the cooperation is directed toward the custody, execution, and liquidity paths commonly used by institutional clients. COFF stated that it is advancing integration with institutional-grade infrastructure to meet the requirements of large-scale funds for compliance, risk control, and execution stability.

•Crypto.com (Retail Entry): The plan is to position the “crypto purchase entry” closer to daily and fast payment scenarios. By leveraging its payment and fiat gateway capabilities, the friction costs for new users transitioning from fiat to crypto assets will be reduced.

•imToken (Self-Custody and Web3 Connectivity): COFF plans to strengthen the secure entry and exit experience between “wallets and exchanges.” This includes smoother on-chain deposits and withdrawals, address books/whitelists, and risk warning capabilities, enhancing usability for users with existing on-chain assets.

Industry insiders believe that the combination of “Exchange + Fiat Gateway + Self-Custody Wallet” has been a common product path in the industry over the past two years. One end lowers the threshold for compliant funds to enter the crypto world, while the other satisfies user demands for on-chain self-custody and asset control, with the exchange providing matching and liquidity in between.

Potential Product Implementation: Bridging “Entry and Exit” Before Deep Integration

While COFF has not disclosed a specific launch schedule, industry practice suggests that implementation will likely proceed in layers based on difficulty and compliance requirements:

1.Prioritizing Fiat On-Ramping/Quick Buy Paths: Enabling users to complete the closed loop of “payment → crypto purchase → account arrival for trading.”

2.Optimizing Execution and Settlement for Large/Institutional Trades: Enhancing depth, slippage control, and fund allocation efficiency.

3.Strengthening Wallet Integration: For example, in-wallet trade navigation, one-click on-chain asset deposits/withdrawals, risk control alerts, and user education.

Challenges Ahead: Compliance Boundaries, Regional Differences, and Risk Coordination

Analysis indicates that while such cross-platform integrations significantly improve the user experience, they also face three types of realistic variables:

•Regional and Licensing Differences: Fiat gateways and payment methods are often influenced by local regulations and banking partnerships, meaning features may be rolled out on a “region-by-region” basis.

•KYC/AML and Risk Coordination: Risk control standards across fund entry, trading, and wallet sides must be aligned; otherwise, fragmented experiences or redundant audits may occur.

•Clear Presentation of User Asset Paths: Especially when “platform account assets” and “self-custody on-chain assets” coexist, the product must clearly indicate responsibility boundaries and risks.

COFF stated that it will advance the cooperation under the premise of compliance and will release more detailed supported regions, product descriptions, and risk warnings upon the launch of specific features.

 

About COFF Exchange 

COFF is the world’s first digital asset trading platform specifically focused on serving KOLs (Key Opinion Leaders). Established in 2016, it officially obtained licenses from U.S. financial regulators in 2024. The platform is dedicated to solving core challenges in diversified mainstream trading systems and “asset management,” creating a one-stop service ranging from traffic operations to crypto trading and stock investment. Legally holding the U.S. FinCEN MSB license and SEC qualifications, COFF is committed to being compliant, secure, and professional.

The platform offers a wide range of derivative products, including digital currencies, U.S. stocks, commodities, precious metals, perpetual contracts, options, spot trading, stock spot, margin trading, and options. Equipped with high-performance matching engines and multiple security protections, it provides a smooth and reliable trading experience for global users.

Company Address & Business License: https://www.fincen.gov/msb-state-selector

Media Contact

Organization: COFF Exchange

Contact Person: Lisa Eldridge

Website: https://www.coffinc.com

Email: Send Email

Country:Hong Kong S.A.R.

Release id:42652

The post COFF Exchange Launches Ecological Cooperation: Integrating Coinbase Institutional Channels, Crypto.com Payment Entry, and imToken Wallet Ecosystem 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

LLC.eth Listed for 300 ETH (~$600,000) as Rare Three-Letter ENS Domain Representing the World’s Most Common Business Entity

Published

14 hours ago

on

March 15, 2026

By

March 2026 — The Ethereum Name Service domain llc.eth has been publicly listed for approximately 300 ETH (about $600,000 USD), highlighting continued interest in blockchain-based digital identity infrastructure.

The domain llc.eth is a rare three-character blockchain identifier within the Ethereum Name Service (ENS) protocol corresponding to the widely recognized “LLC” (Limited Liability Company) designation, and is currently listed publicly for approximately 300 ETH (over $600,000 USD) as a programmable Web3 identifier capable of supporting cryptocurrency payments, decentralized websites, and digital identity infrastructure.

The three-letter domain references “LLC,” or Limited Liability Company, one of the most widely used business entity structures in the United States. Millions of companies operate under the LLC structure, making the acronym broadly recognized within legal and business environments.

The domain exists within the ecosystem of the Ethereum Name Service, a decentralized naming system built on the Ethereum blockchain that allows users to replace complex wallet addresses with human-readable names.

Instead of sending digital assets to long hexadecimal addresses, blockchain users can interact with identifiers such as:

 

company.eth

startup.eth

 

Because ENS names function as programmable identifiers, ownership of llc.eth also provides control over the entire .llc.eth namespace, enabling the creation of structured subdomains such as:

 

company.llc.eth

startup.llc.eth

venture.llc.eth

 

These subdomains can be used for blockchain identity, wallet addressing, decentralized applications, or organizational infrastructure within Web3 systems.

ENS names can also represent digital identity across decentralized applications, wallets, and blockchain services. In addition to acting as wallet identifiers, ENS domains may resolve to websites hosted on decentralized storage networks.

Modern Web3-enabled browsers such as Brave Browser support direct ENS resolution, allowing users to visit sites using an ENS domain name rather than a traditional DNS address.

The domain llc.eth is currently listed publicly for approximately 300 ETH, with the listing viewable on the NFT marketplace OpenSea:

https://opensea.io/item/ethereum/0xd4416b13d2b3a9abae7acd5d6c2bbdbe25686401/35849404669706299868362351236534107186562295696629725112848278171801347587036

Several high-profile ENS domain transactions illustrate the value placed on short, meaningful identifiers.

For example, paradigm.eth sold for 420 ETH in 2021 to crypto venture capital firm Paradigm. Another ENS domain, 000.eth, reportedly sold for 300 ETH, demonstrating strong demand for rare identifiers.

Other notable ENS transactions include abc.eth, which reportedly sold for approximately 90 ETH, and mhd.eth, which sold for roughly 120 ETH. These transactions reflect ongoing interest in short ENS domains, particularly three-letter names that offer strong branding potential and limited availability within the ENS namespace.

Additionally, opensea.eth was acquired by OpenSea for brand identity purposes.

ENS names are increasingly used as universal digital payment identifiers across the internet. Instead of sharing complex blockchain wallet addresses, users can publish a readable name that can receive cryptocurrency payments directly on the Ethereum network.

The same identifier can also be displayed as a public payment handle across platforms such as PayPal, Venmo, and Coinbase, allowing businesses and individuals to maintain a consistent identity for digital transactions.

Within Web3 wallets and compatible applications, sending assets to a readable ENS identifier such as:

 

company.eth

startup.eth

 

replaces the need to copy and paste long hexadecimal wallet addresses.

Adoption of ENS names expanded significantly during the growth of Web3 in 2021 and 2022, when many public figures and entrepreneurs began registering their own .eth identities.

Notable individuals who have used ENS names include Jimmy Fallon (fallon.eth), Paris Hilton (parishilton.eth), Shaquille O’Neal (shaq.eth), Anthony Hopkins (anthonyhopkins.eth), and Snoop Dogg, who is associated with the ENS identity snoopdogg.eth.

Prominent technology leaders have also registered ENS identities, including Vitalik Buterin (vitalik.eth), Alexis Ohanian (alexisohanian.eth), and Tobias Lütke.

Several major brands have also secured ENS domains, including Puma (puma.eth) and Budweiser, which acquired beer.eth as part of its Web3 branding initiatives.

With only 17,576 possible three-letter combinations, short ENS domains remain among the most scarce identifiers within the ecosystem.

Because the “LLC” designation is used by millions of businesses worldwide, a domain such as llc.eth represents one of the few blockchain identifiers that directly corresponds to a real-world legal structure, creating potential applications across digital payments, Web3 identity systems, and on-chain business infrastructure.

 

 

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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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