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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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Press Release

UAE Institutional Leaders Convene in Abu Dhabi as Digital Asset Strategy Accelerates Across Global Finance

Published

9 hours ago

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February 23, 2026

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Global banks, asset managers, regulators and sovereign-backed institutions gather for the inaugural Digital Assets Forum Abu Dhabi (DAFME 1), reinforcing the UAE’s emergence as a global hub for institutional digital finance

Abu Dhabi, United Arab Emirates — May 13, 2026

Senior leaders from global finance, digital asset infrastructure, and regulatory institutions will convene in Abu Dhabi on May 13, 2026, for the inaugural Digital Assets Forum Abu Dhabi (DAFME 1) — a new institutional gathering focused on the accelerating integration of digital assets into regulated financial markets.

The launch of DAFME 1 comes at a defining moment for institutional adoption across the Gulf region. The Middle East and North Africa has rapidly emerged as one of the fastest-growing digital asset markets worldwide, supported by sovereign investment strategies, regulatory clarity, and large-scale financial innovation initiatives led by the United Arab Emirates.

As global financial institutions increasingly seek regulated environments for digital asset deployment, the UAE has positioned itself at the intersection of capital formation, technological infrastructure, and forward-looking policymaking.

Following three successful institutional editions of Digital Assets Forum in London — bringing together nearly 2,000 senior executives from banks, asset managers, hedge funds, and market infrastructure providers — the forum expands into Abu Dhabi amid growing global capital migration toward the region.

“Across our London editions, we have seen how regulatory certainty directly unlocks institutional participation,” said Victoria Gago, Co-Founder of Digital Assets Forum.
“What is taking place in Abu Dhabi and across the Gulf represents a structural shift in global finance. Capital formation, infrastructure development, and policy leadership are increasingly converging here. The UAE is demonstrating how governments and financial institutions can actively shape the future architecture of digital markets.”

Institutional Leadership and Confirmed Speakers

Confirmed institutional participants include senior executives from regulators, investment firms, custodians, and global digital asset platforms:

  • Christoph Richter, Head of Digital Assets & AI — ADGM
  • Sebastian Widmann, Head of Dubai — Komainu
  • Karl Naim, Group Chief Commercial Officer — XBTO Middle East
  • Yan Ma, Executive Director — Spartan Group
  • Catrina Wang, General Partner — Portal Ventures
  • Elliot Andrews, CEO — Aspen Digital
  • Rachel Conlan, Global Chief Marketing Officer — Binance

Additional institutional speakers and sovereign ecosystem participants will be announced in the coming weeks.

Backed by Abu Dhabi Global Market (ADGM)

DAFME 1 is backed by Abu Dhabi Global Market (ADGM) and will take place within Abu Dhabi’s international financial centre ecosystem.

Through its Financial Services Regulatory Authority (FSRA), ADGM has established one of the world’s most comprehensive regulatory frameworks for virtual assets, providing structured licensing regimes for exchanges, custodians, asset managers, brokers, and institutional infrastructure providers.

The UAE’s broader national strategy — spanning central bank digital currency initiatives, tokenisation programmes, and public-private innovation partnerships — reinforces the country’s ambition to become a global capital marketplace connecting Europe, Asia, and Africa.

Sovereign wealth funds, regional banking groups, and institutional allocators across the region are actively evaluating:

  • Tokenised real-world assets (RWA)
  • Stablecoin and payment infrastructure
  • Institutional digital asset funds
  • Regulated custody and market infrastructure

—all within a government-supported and compliance-driven framework.

Key Institutional Themes

Digital Assets Forum Abu Dhabi will examine the strategic questions shaping institutional markets, including:

  • UAE digital asset regulation in a global context
  • Institutional portfolio allocation and alpha generation
  • Stablecoins, payments, and CBDC developments
  • Integration between traditional finance (TradFi) and DeFi
  • Real-world asset tokenisation
  • The evolution of crypto ETFs
  • Liquidity, custody, and market infrastructure
  • Institutional risk and governance frameworks

A Curated, Outcome-Driven Institutional Format

Digital Assets Forum Abu Dhabi is designed as a highly curated executive-level environment focused on decision-makers rather than retail participation.

The programme includes:

  • Institutional main-stage discussions
  • Closed-door executive sessions
  • Dedicated 1:1 meeting areas
  • Private briefing and partnership rooms

The forum’s objective is clear: institutional alignment, capital deployment, and infrastructure coordination for 2026 and beyond.

About Digital Assets Forum

Digital Assets Forum is a global institutional event series connecting traditional financial markets with digital asset innovation.

The Abu Dhabi edition marks the forum’s expansion into the Middle East following established editions in London.

The series is organised by the European Blockchain Convention, launched in Barcelona in 2018, now recognised as one of Europe’s leading platforms bringing together financial institutions, policymakers, and infrastructure providers advancing blockchain adoption in mainstream finance.

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Cloud PR Wire

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Press Release

What Should Players Expect from the Online Gaming Industry in 2026?

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10 hours ago

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February 23, 2026

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Panjim, GOA—The gaming industry is evolving faster than ever, and 2026 is expected to bring transformative advancements that will reshape how players interact with digital platforms. From enhanced mobile experiences to AI-powered personalization, the next wave of innovation promises more immersive, secure, and user-friendly environments for players worldwide.

One of the biggest expectations in 2026 is seamless mobile integration. With the growing dominance of smartphones, platforms like lotus365 are focusing on delivering smoother navigation, faster loading speeds, and optimized performance. Players increasingly prefer gaming on the go, and lotus365 online platforms are adapting to meet this demand with responsive interfaces and real-time access across devices.

Another major shift will be advanced personalization powered by artificial intelligence. Gaming platforms are investing in AI tools that analyze user preferences, behavior patterns, and engagement levels to offer customized recommendations. A secure and verified lotus365 ID system will become even more essential, ensuring that users enjoy a personalized yet protected gaming experience. Security enhancements, including multi-layer authentication and encrypted transactions, are expected to set new industry standards.

The rise of app-based ecosystems is also shaping the future. Dedicated applications such as the lotus365 App are likely to offer enhanced features compared to traditional web-based platforms. These apps are designed to provide instant notifications, smoother gameplay, exclusive offers, and better account management tools. As players seek convenience and reliability, having access to a trusted lotus365 ID through a secure mobile application will become increasingly important.

In addition, 2026 will likely see greater transparency and responsible gaming initiatives. Industry leaders, including platforms like lotus365, are expected to implement stronger user protection policies, real-time support systems, and improved transaction monitoring. The expansion of lotus365 online services may also include innovative payment solutions, faster withdrawals, and streamlined verification processes to enhance user satisfaction.

Community engagement will play a crucial role as well. Through interactive features integrated within the lotus365 App, players can expect better communication channels, promotional updates, and user-friendly dashboards. A reliable lotus365 ID will serve as the gateway to accessing these integrated features seamlessly.

As competition intensifies, the focus in 2026 will be on technology-driven growth, security, and enhanced user experience. Platforms like lotus365.in and lotus365 online services are positioning themselves to meet the rising expectations of modern players. With improvements in app performance, data security, and digital accessibility through the lotus365 App, the gaming industry is preparing for a year defined by innovation, convenience, and smarter engagement.

The future of gaming in 2026 is not just about playing, it’s about experiencing a secure, personalized, and fully connected digital ecosystem.

Media Contact

Organization: Lotus365

Contact Person: Sanjay Sing

Website: https: //www.newlotus365.com/

Address:19, Aurangzeb Road, Near Safdarjung Tomb

Country: India 

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Press Release

Operational Police Protective Services Announces High-Threat Security Division to Support Maryland’s Growing Event Industry

Published

10 hours ago

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February 23, 2026

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  • The law enforcement–led company aims to support critical infrastructure through specialized security services.

  • “Security should never feel like an afterthought. By launching this division, we’re helping event organizers take a proactive stance on safety.”

Pasadena, Maryland, 23rd February 2026, ZEX PR WIRE, As Maryland’s event industry continues to grow at a rapid pace, so do the security challenges that come with larger crowds, higher-profile venues, and increasingly complex risk environments. From music festivals and sporting events to corporate functions and private gatherings, event organizers across the region are facing heightened concerns around crowd control, targeted threats, and emergency response readiness. Traditional private security models, often limited in training and authority, are struggling to meet the demands of these evolving conditions, leaving a critical gap in protection for both attendees and stakeholders.

Recognizing this growing need, Operational Police Protective Services has announced the launch of its High-Threat Security Division, a specialized operational unit designed to support Maryland’s expanding event market with advanced, law enforcement-led protective solutions. Built on years of operational experience and public safety expertise, the division is structured to provide professional-grade security services capable of addressing elevated risk scenarios.

“Events today are larger, more visible, and more complex than ever before,” shared a company representative. “What we’re seeing now is a clear demand for security that goes beyond basic staffing. Our High-Threat Security Division was created to bring disciplined, proactive, and accountable protection to environments where the margin for error is extremely small.”

Operational Police Protective Services has long been known for its work providing armed security services, as well as coordinating off-duty police personnel for clients who require a higher standard of safety and professionalism. The new division builds on that foundation by introducing advanced threat assessments, strategic deployment planning, and personnel with direct law enforcement and tactical backgrounds who are trained to operate in high-pressure environments.

Unlike conventional security approaches, the High-Threat Security Division focuses on prevention as much as response. Teams are trained to identify vulnerabilities, monitor behavioral indicators, and work seamlessly with venue staff and emergency responders. This approach has already proven effective in urban environments, where demand for armed security and protective services continues to rise alongside the city’s revitalized event calendar.

As event organizers increasingly seek solutions that align with public safety standards, Operational Police Protective Services is positioning itself as a trusted partner for comprehensive protective services. The company’s emphasis on training, accountability, and operational transparency ensures that clients receive not only capable personnel but also clear communication and structured oversight before, during, and after each assignment.

With Maryland’s event industry continuing to expand and attract national attention, the demand for credible, high-level protection is expected to grow. Through their initiative, Operational Police Protective Services represents a strategic investment in meeting that demand, ensuring that growth in the region’s event economy is matched by an equally strong commitment to security.

About Operational Police Protective Services

Operational Police Protective Services (OPPS) is a professional, law enforcement–led security firm providing comprehensive protective solutions throughout Maryland, Virginia, and Delaware. Founded with a mission to deliver a higher standard of safety, OPPS specializes in armed security, off-duty police staffing, and customized protective services for commercial properties, events, government entities, and private clients.

Contact

Website: https://www.oppsprotection.com/

Address: Pasadena, Maryland

Email: ejanik@oppsprotection.com

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Cloud PR Wire

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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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