Press Release
Glory Star expected to further increase profitability
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.
Press Release
Trust Signal Expands to MENA to Strengthen Enterprise and Startup Communications
Dubai, UAE, February 19th, 2026, ZEX PR WIRE, The MENA region today represents one of the world’s most digitally dynamic regions. Several GCC markets report smartphone penetration rates above 90%, while governments are deploying multi-billion-dollar investments to accelerate national digital transformation programs, including Saudi Arabia’s Vision 2030, which prioritizes a diversified, technology-enabled economy, and the UAE’s Digital Economy Strategy, aimed at increasing the digital economy’s contribution to GDP. (Source)

As fintech, e-commerce, logistics, and super apps scale at record speed, communication has become a mission-critical infrastructure. Customer acquisition, authentication, payments, notifications, and support now rely on real-time, compliant, and highly secure messaging ecosystems. At the same time, regulatory frameworks across the region are tightening, and customer expectations around data privacy, responsiveness, and personalization are rising.
Enterprises are therefore rethinking communication not as a channel, but as a strategic growth lever.
Against this backdrop, TrustSignal has announced its expansion into the MENA region. The move reflects a growing demand for resilient, secure, and regulation-ready communication infrastructure that can support both high-growth startups and large enterprises operating across multiple jurisdictions.
With its AI-powered CPaaS ecosystem, TrustSignal aims to enable businesses to manage omnichannel communication with greater reliability, scalability, and compliance. Designed to address the region’s evolving regulatory landscape and diverse consumer behaviors, the platform brings together automation, delivery optimization, and enterprise-grade security to power meaningful customer engagement at scale.
In a region where digital trust directly influences brand growth, communication infrastructure is no longer optional; it is foundational. TrustSignal’s MENA expansion signals a deeper commitment to supporting businesses as they navigate this next phase of digital maturity.
Why MENA, Why Now
The Communication Platform as a Service market in the Middle East and Africa is projected to reach approximately US$10.1 billion by 2030 (Source). This trajectory signals more than sector expansion. It reflects a structural redesign of how enterprises approach customer engagement.
The growth is demand-led.
Across MENA, this momentum is reinforced by API first cloud adoption, mobile commerce growth, heightened security requirements, and cross-border digital expansion.
Channel dynamics are shifting in parallel. A2P SMS remains central for authentication and alerts, while WhatsApp Business APIs and conversational messaging are accelerating across retail and financial services. Enterprises are moving from broadcast notifications to interactive, two-way journeys, with voice APIs gaining ground in security and service coordination.
Communication is not only increasing in volume, but advancing in complexity.
What This Means for Businesses in MENA
The acceleration of CPaaS adoption in MENA marks a structural shift in how enterprises design customer engagement. As messaging evolves from one-way notifications to real-time interactive journeys, communication now sits at the core of revenue flow, fraud prevention, customer trust, and compliance.
Enterprises are navigating rising authentication volumes, expanding conversational traffic, cross-border delivery complexity, and tighter regulatory expectations, demanding infrastructure that is intelligent, resilient, and measurable.
TrustSignal’s expansion aligns with this inflection point, enabling businesses to move beyond scale toward real-time optimization, lower latency, stronger verification stability, and more reliable customer journeys. In a market where a delayed OTP can disrupt transactions and erode trust, communication performance directly shapes business performance.
MENA’s next phase of digital growth will be defined not by message volume, but by delivery intelligence.
Reframing Communication as a Performance Engine
TrustSignal approaches the regional opportunity with a clear thesis: communication infrastructure must evolve from a cost center to a measurable growth engine.
Its AI-enabled CPaaS platform is anchored on three structural capabilities.
- Intelligent Routing and Optimization
Adaptive algorithms analyze delivery behavior in real time, dynamically selecting optimal routes to improve authentication reliability and reduce latency during demand spikes. - Performance Visibility and Analytics
Granular reporting frameworks provide enterprises with actionable insights into delivery outcomes, engagement metrics, and channel efficiency, enabling continuous refinement of communication workflows. - Security and Compliance Architecture
Embedded encryption layers and compliance-aligned frameworks are designed to support evolving regulatory standards across MENA jurisdictions.
Rather than positioning itself as a transactional messaging vendor, TrustSignal operates as an infrastructure partner focused on engineering predictability, resilience, and measurable impact into enterprise communication systems.
A Forward Looking Vision
As MENA’s digital economy matures, the defining differentiator will be operational precision.
TrustSignal’s regional roadmap centers on advancing AI-driven communication intelligence, deepening vertical integrations across fintech, retail, healthcare, and mobility, strengthening predictive performance modeling to anticipate demand surges, and expanding localized enterprise advisory capabilities.
The long term objective is to help enterprises transition from reactive messaging systems to predictive communication ecosystems where infrastructure continuously adapts to optimize engagement, security, and efficiency.
Against this backdrop, the Middle East and North Africa represent a strategic growth frontier for the company. Articulating this vision, Mr Imran Shaikh, Founder and CEO of TrustSignal, stated:
“MENA stands among the world’s most dynamic digital markets. Our expansion underscores a long term commitment to equipping enterprises with a compliant, scalable communication infrastructure that advances regional digital ambitions.”
TrustSignal’s expansion reflects alignment with that future, one where communication is architected for resilience, transparency, and measurable business impact.
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.
Press Release
AI Meets Arabic Literature: Qirtas App Unveils Scalable Publishing Infrastructure at Web Summit Qatar 2026
Doha, Qatar, 19th February 2026, ZEX PR WIRE, Qirtas App, a dual-interface digital platform headquartered in Istanbul and Malmo, announced its mission to bridge the global gap in Arabic literature accessibility following its successful showcase in the Alpha Startup category at Web Summit Qatar. By integrating cutting-edge AI production tools with a seamless streaming interface, Qirtas is providing the technical infrastructure needed to digitize the fragmented $4 billion Arab publishing market.

Despite a global population of 430 million Arabic speakers, the publishing industry has long been hampered by prohibitive shipping costs, high piracy rates, and a lack of digital infrastructure. Qirtas App addresses these systemic barriers through a twofold solution: a freemium streaming platform for readers and a sophisticated digital management backend for publishers.
Empowering Publishers through the “AI Production Suite”
Qirtas is not merely a distributor; it is a catalyst for digital transformation. For traditional publishers, the platform offers a dedicated portal to convert physical catalogs into secure, monetizable digital assets.
AI-Automated Production: The platform utilizes proprietary AI to automatically generate high-quality audiobooks and smart summaries, drastically reducing the time and cost barriers that previously prevented publishers from entering the digital space.
Institutional Security: With advanced Digital Rights Management (DRM) and real-time reader analytics, publishers maintain full control over their intellectual property while gaining unprecedented insights into global consumption patterns.
The Future of the Arab Reading Experience
For the global Arab diaspora, Qirtas offers a comprehensive streaming library featuring Qirtas AI, an interactive reading assistant that provides instant translation, text-to-speech narration, and social integration.
“The Arab publishing world is rich in content but starved of modern distribution,” said Tamer Odeh, CEO of Qirtas App. “With Qirtas, we are removing the friction. We aren’t just giving readers an app; we are giving publishers the tools to survive and thrive in a digital-first economy.”
Alaa Barghouth, COO of Qirtas App, added: “Our participation in Web Summit Qatar has confirmed the massive appetite for this technology. We have already secured commitments from major publishing houses ready to onboard their catalogs. We are now focused on scaling our infrastructure to meet this demand.”
Market Opportunity & Investment
The digital publishing segment in the MENA region is currently valued at $400 million and is experiencing rapid year-over-year growth. Having validated its model with early industry commitments, Qirtas App is currently open for pre-seed investment to accelerate its market launch and expand its AI-driven production capabilities.
For more information or to inquire about partnership opportunities, visit qirtasapp.com.
About Qirtas App
Qirtas is a Swedish-Turkish “Deep-Tech” publishing platform dedicated to revitalizing Arabic literature. By combining AI-powered content production with a global streaming model, Qirtas connects 430 million Arabic speakers with the books they love, while providing publishers with the tools to digitize and protect their heritage.
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.
Press Release
BTCD Foundation Launches Layer 1 Blockchain Infrastructure and Opens Public Testnet

The BTCD Foundation has announced the upcoming deployment of its proprietary Layer 1 blockchain infrastructure. This development marks the introduction of a new technical framework designed to support decentralized applications and secure digital transactions. The Foundation has confirmed that the Public Testnet is scheduled to open for user participation on February 15, 2026.
Technical Architecture and Infrastructure
The BTCD platform is engineered as an independent Layer 1 blockchain, distinct from token-based projects that rely on existing third-party networks. The core infrastructure utilizes a hybrid consensus mechanism combining Directed Acyclic Graph (DAG) and Proof of Stake (PoS) protocols.
This architectural design is intended to address common scalability challenges in blockchain technology. The technical specifications indicate a capacity for high-volume throughput, with initial testing targeting transaction speeds of over 10,000 transactions per second (TPS) while maintaining sub-second finality. The system is built to operate autonomously, providing a decentralized foundation for developers and users.

Testnet Deployment and Minting Mechanism
Beginning February 15, 2026, the BTCD Foundation will initiate the Public Testnet phase. This phase allows users to interact with the network’s minting protocol to test system stability and performance.
The minting process follows a programmed algorithmic schedule designed to test the network’s long-term sustainability over a projected 25-year timeline. The protocol includes technical halving events scheduled every 2.5 years to regulate the issuance rate of digital assets on the network.
Transition to Mainnet
The Testnet phase is a precursor to the official Mainnet launch, which is currently scheduled for May 15, 2026. The Foundation has outlined a technical migration plan wherein digital assets minted during the Testnet phase will be recognized on the Mainnet system upon its activation.
Ecosystem Development Roadmap
Following the Mainnet launch, the BTCD Foundation plans to deploy a suite of decentralized applications (dApps) integrated directly into the Layer 1 core. The technical roadmap outlines the phased release of nine specific utilities, including:
- Nexora: A decentralized communication protocol.
- Guardian DEX: A decentralized exchange interface.
-
WealthBook: A social networking platform integrated with blockchain identity verification.
Future updates scheduled for later in 2026 involve the integration of automated trading algorithms and asset management utilities.
About BTCD Foundation
The BTCD Foundation is a technology organization focused on the development of Layer 1 blockchain solutions. It aims to build a scalable, secure, and decentralized infrastructure to support the next generation of digital applications.
Testnet Access: http://btcd.foundation
Community Hub: https://t.me/btcdfoundation1
Media Contact
Organization: BTCD FOUNDATION
Contact Person: Mr. Alex – CEO
Website: https://btcd.foundation
Email: Send Email
Country:Panama
Release id:41440
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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.
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