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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

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

Qtum Launches Comprehensive AI Infrastructure Stack with Text-to-Video and Unified AI Access

Published

7 hours ago

on

June 4, 2026

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A long‑running Bitcoin‑based smart contract platform evolves into a modern AI and compute ecosystem

Singapore, June 4th, 2026, Qtum Foundation- Qtum today announced the expansion of its ecosystem with Qtum.ai, a text‑to‑video generation platform, and the upcoming Qtum AI Router, a unified inference layer designed to provide efficient access to multiple AI models. Together, these services position Qtum as a blockchain‑supported AI infrastructure network built on a stable, long‑running Proof‑of‑Stake blockchain that has operated continuously since 2017.

Qtum’s approach combines its Bitcoin‑based UTXO architecture, EVM‑compatible smart contracts, and a reliable, production‑ready blockchain with modern AI tooling, GPU compute, and creator‑focused workflows. The result is an ecosystem that spans blockchain infrastructure, decentralized compute, and AI generation tools under a single brand.

Qtum.ai: Text‑to‑Video for Creators and Developers

Qtum.ai provides cinematic text‑to‑video generation using models such as Seedance 1.0, 1.5, and 2.0 and HappyHorse. The platform is designed for creators, developers, and businesses seeking high‑quality AI video without subscription barriers.

Key characteristics include:

    • No credit card required
    • No recurring subscription
    • No token packs or prepaid bundles
    • Pay‑as‑you‑go usage
    • No data harvesting or model training on user content
    • No cookies, tracking pixels, or ad‑retargeting
    • Authentication via MetaMask Snap or Google login
    • 500 Free tokens

This model removes common friction points in AI services, including subscription lock‑in, credit‑card anxiety, and persistent marketing emails. Users can generate videos without entering financial information or committing to monthly plans. 

Qtum AI Router: A Unified Inference Layer

Beta Launching will be the Qtum AI Router to provide a unified API for routing requests across multiple AI models. Similar in concept to OpenRouter, the service will support:

  • AI model routing
  • Multi‑model inference
  • Distributed GPU compute
  • Low‑latency request handling
  • AI orchestration and workflow integration
  • Agent‑compatible infrastructure

The Router is designed to support developers building AI agents, automation tools, and multi‑model applications. ClawBot users will find this simple to work with.  

A Blockchain With Long‑Term Reliability

Qtum’s blockchain has operated since 2017 with no downtime, offering a stability profile uncommon in the industry. The network combines:

    • Bitcoin‑based UTXO security
    • EVM‑compatible smart contracts
    • Proof‑of‑Stake consensus
    • Enterprise‑grade reliability
    • Consistent uptime across seven years of operation
    • 50 Core updates over 8 years

This reliability is central to Qtum’s positioning as an AI compute network. AI services require predictable, uninterrupted operation — a requirement Qtum’s blockchain has demonstrated over years of production use.

A Unified Ecosystem: Blockchain + AI + Compute

The Qtum ecosystem now spans:

  • Qtum blockchain — a long‑running, stable, Bitcoin‑based smart contract platform
  • Qtum.ai — AI video generation for creators and businesses
  • Qtum AI Router — unified inference routing for multi‑model AI
  • Qtum Ally — a desktop AI agent integrating multiple LLMs
  • GPU infrastructure — powering inference and generation workloads

This positions Qtum as a hybrid blockchain and AI infrastructure network, supporting decentralized compute, creator tools, and useful Web3 applications.

About Qtum

Qtum is a Proof‑of‑Stake blockchain that combines Bitcoin’s UTXO model with Ethereum‑compatible smart contracts. Launched in 2017, Qtum has maintained uninterrupted network operation for over seven years. Today, Qtum is expanding into AI infrastructure, GPU compute, and creator‑focused tooling through Qtum.ai and the Qtum AI Router.

Website: https://qtum.ai 

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Press Release

Snagle Paw Introduces Premium Mobility and Home Safety Solutions for Modern Pet Families

Published

15 hours ago

on

June 4, 2026

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Designed for daily pet care needs, Snagle Paw’s StrideMate Series bring together outdoor mobility and safer indoor management for large, senior, injured, disabled, and multi-dog households.

Sheridan, Wyoming, United States, 4th Jun 2026 – As more pet owners seek practical ways to support aging, injured, or large dogs, mobility and home safety products are becoming increasingly important in modern pet care. Snagle Paw, a premium pet brand serving pet families since 2012, has introduced a focused range of pet mobility and home safety solutions designed around real household needs. 

The product line addresses two common care scenarios: helping dogs continue outdoor routines more comfortably and supporting safer indoor management near doors, stairs, hallways, and other high-risk areas.

Practical Needs in Everyday Pet Care

Many pet owners face challenges when caring for large dogs, senior pets, injured animals, disabled dogs, or households with more than one dog. 

Traditional pet strollers may offer limited space, lower weight capacity, or difficult access for heavier dogs. At home, energetic or curious pets may rush toward doors, stairways, or busy entrances when a reliable barrier is not in place.

Snagle Paw’s latest solutions are designed to support these everyday situations with products that combine mobility, space, safety, and ease of use.

Stroller Wagons Designed for Larger and Mobility-Limited Dogs

Among the brand’s outdoor mobility solutions, the StrideMate Max is a large dog stroller wagon designed for large, senior, injured, and disabled dogs that need more room and easier access than many standard pet strollers provide. 

Its stroller-wagon format offers a more practical option for dogs that may struggle with long walks, recovery outings, or travel.

The StrideMate Pro also serves as a practical dog stroller for large dogs and multi-dog households seeking higher weight capacity and more spacious travel support. 

Both stroller wagons support up to 220 lbs and include a spacious cabin that allows dogs to turn around, sit comfortably, or lie down and rest during outdoor use.

A defining feature of the stroller wagons is the built-in ramp, which allows dogs to walk in and out without being lifted. This design can help reduce strain for senior, injured, or disabled pets while making daily outings more manageable for owners. 

The built-in canopy provides shade from sunlight and protection from light rain, reflecting Snagle Paw’s original approach to combining comfort, protection, and practical pet mobility.

Retractable Metal Gate Supports Safer Home Environments

For indoor safety, the Extra-Tall Metal Retractable Dog Gate is designed to help prevent dogs from rushing out when doors are opened. It is intended for use near front doors, stairs, hallways, apartment corridors, and other areas where pet owners may need a temporary but dependable safety barrier.

The gate’s retractable design allows families to create a boundary when needed and store it neatly when not in use. Its metal construction provides stronger support, greater durability, and a more secure feel compared with many soft mesh or lightweight barriers.

“Snagle Paw was born from real family needs. We wanted to create products that solve everyday problems for pet parents, from helping large or senior dogs get outside more comfortably to preventing energetic dogs from rushing out the door at home. Features like the built-in ramp, 220-lb weight capacity, spacious cabin, protective canopy, retractable design, and durable metal structure reflect our commitment to making pet care safer, easier, and more comfortable,” said a spokesperson for Snagle Paw.

Building on this philosophy, Snagle Paw plans to continue developing pet-care products inspired by real family routines, with an ongoing focus on safety, comfort, flexibility, and everyday usability for pets and their owners. 

Snagle Paw’s R&D team is continuously expanding their portfolio of innovative solutions designed to support senior and injured dogs. Upcoming releases will include dog leg braces, lift harnesses, red light therapy harnesses and pads, as well as PEMF dog beds—further reinforcing our commitment to enhancing canine mobility, comfort, and overall well-being.

Learn more info about Snagle Paw’s official website and social media:

Facebook: https://www.facebook.com/snaglepaw.official/
Instagram: https://www.instagram.com/snaglepaw
YouTube: https://www.youtube.com/@SnaglePaw
TikTok: https://www.tiktok.com/@snaglepaw

About Snagle Paw

Snagle Paw is a premium pet brand created for pet families since 2012. Inspired by real pets and real family needs, the brand develops thoughtfully designed products that help pets enjoy safety, comfort, and freedom at home and on the go. 

With product lines covering dog stroller wagons, retractable dog gates, travel crates, and other pet lifestyle solutions, Snagle Paw is dedicated to helping owners care for their furry companions with greater ease, confidence, and warmth.

Media Contact

Organization: Snagle Paw

Contact Person: Kevin Yan

Website: https://snaglepaw.com/

Email:
info@snaglepaw.com

Contact Number: +13073818630

Address:Snagle International Inc, 30 N Gould St Ste R, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country:United States

Release id:45715

The post Snagle Paw Introduces Premium Mobility and Home Safety Solutions for Modern Pet Families 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

VOKA Receives Bronze at the Telly Awards 2026

Published

16 hours ago

on

June 4, 2026

By

Medical visualization company VOKA won a Bronze Award at the 47th Annual Telly Awards for its 3D animation, “Mechanism of Semaglutide: The Science Behind Fat Loss. The award-winning 3D medical animation “Mechanism of Semaglutide” visualizes complex metabolic processes with cinematic precision

New York, United States, June 4, 2026 — VOKA’s video “Mechanism of Semaglutide: The Science Behind Fat Loss” has been awarded Bronze at the 47th Annual Telly Awards in the “General-Healthcare & Medical” category.

The awards honor excellence in video and television production across multiple platforms and are judged by leaders from video platforms, television, streaming networks, and production companies. This year’s winners include Paramount TV, Warner Brothers Discovery, FOX Entertainment, Sony Music, TED, ABC News, and many others.

The recognition highlights VOKA’s work in producing scientifically accurate 3D medical animations that help explain complex biological and therapeutic processes.

About VOKA’s Project

The winning animation, “Mechanism of Semaglutide: The Science Behind Fat Loss,” visualizes how semaglutide regulates metabolism and appetite. The video specifically highlights key biological steps, including POMC/CART activation (triggering the sense of satiety), NPY/AgRP reduction (leading to a decrease in cravings), and vagus nerve interaction to slow gastric emptying.

By explaining these complex scientific concepts through an engaging, clear narrative, the video serves as an ideal tool for medical education, pharmaceutical marketing, and scientific communication.

The award-winning animation can be viewed here: https://youtu.be/zUsf09RrkTM?si=IksqZm4FUCVZlszv

About the Award

Established in 1979, the Telly Awards is a global competition created to honor excellence in television and digital video production. Submissions are evaluated by the Telly Awards Judging Council, a panel of over 250 industry professionals from giants like the BBC, Amazon, and Netflix. Entries are assessed based on creativity, storytelling, and the innovative use of technology across various media platforms.

About VOKA

VOKA is one of the leading providers of high-fidelity medical visualization and immersive technologies, delivering a comprehensive suite of 3D medical and scientific animation services for the pharmaceutical, life sciences, and medical education sectors. The company specializes in tailored 3D animations across diverse therapeutic fields — including cardiology, dermatology, oncology, and urology — as well as high-precision depictions of Mechanisms of Action (MoA), Mechanisms of Disease (MoD), medical devices, and surgical procedures.

To bridge the gap between complex science and engaging storytelling, VOKA combines the expertise of an in-house medical team with professional 3D artists and motion designers, ensuring cinematic-quality visuals that maintain the highest scientific accuracy and regulatory compliance. Beyond animation production, VOKA develops interactive 3D anatomy and pathology models and extended reality (XR) experiences to elevate clinical training and medical communication worldwide.

Contact Info:

Name: Maryia Shchakovich
Email: info@voka.io
Organization: VOKA
Website: https://voka.io/

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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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