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Glory Star expected to further increase profitability

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4 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

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Press Release

Solana Token Creator Launches as a New Platform for Rapid Token Creation on Solana

Published

2 hours ago

on

September 13, 2025

By

United States, 13th Sep 2025 – The blockchain industry continues to grow at an unprecedented pace, and launching a custom token is now easier than ever. A new platform, Solana Token Creator, has officially launched, offering a seamless solution for creating SPL tokens on the fast and cost-efficient Solana network.

Designed for creators, communities, and startups, Solana Token Creator allows users to build and deploy their own tokens within minutes—without the need for coding or complex technical setups.

Streamlined Token Creation Process

Solana Token Creator simplifies token deployment through a guided four-step process:

  • Select Token Type: Choose between Standard, Meme, or Utility tokens depending on your project’s needs.
  • Add Basic Information: Enter your token name, symbol, and a brief description.
  • Configure Advanced Settings: Set supply, decimal places, and authority permissions.
  • Deploy Instantly: Launch your token in seconds once all settings are confirmed.

Users can begin creating tokens directly at https://www.solanatokencreator.fun

Supported Token Types

The platform supports three main token categories tailored for different use cases:

  • Standard Tokens – Ideal for governance systems, utility tokens, or business projects; supports custom metadata, authority control, and token burning.
  • Meme Tokens – Created for viral campaigns and community-driven experiments; designed for rapid social engagement.
  • Utility Tokens – Best suited for DeFi applications, staking mechanisms, and advanced blockchain projects; includes complex authority roles and flexible supply control.

Professional-Grade Features

Beyond basic token creation, Solana Token Creator offers several advanced features:

  • Instant Deployment: Launch tokens within seconds.
  • Custom Branding: Add a logo, description, and social media links.
  • Governance Tools: Enable voting and proposals for DAOs.
  • Token Burning: Reduce supply to create scarcity.
  • Authority Controls: Manage minting and freezing permissions.
  • Secure Infrastructure: Built on the Solana blockchain, ensuring low fees and high-speed transactions.

A complete list of features is available at Sol Token Creator

Designed for a Wide Range of Users

The platform is suitable for:

  • Entrepreneurs launching branded tokens for their businesses
  • DeFi developers who need utility tokens quickly
  • DAOs and communities creating governance tokens
  • Content creators experimenting with viral meme coins

Its intuitive interface makes token creation accessible to beginners, while still offering advanced customization options for experienced developers.

Empowering the Next Generation of Token Creators

Solana Token Creator lowers the barrier to entry for token development by removing the need for coding knowledge and streamlining the entire deployment process. This makes it an ideal solution for projects looking to launch tokens quickly, securely, and at a low cost.

For more information or to start building a token, visit https://www.solanatokencreator.fun

Media Contact

Organization: Solana Token Creator

Contact Person: Edgardo Runte

Website: https://www.solanatokencreator.fun/

Email: Send Email

Country:United States

Release id:33817

Disclaimer: This press release is for informational purposes only and does not constitute investment, financial, or legal advice. Cryptocurrency and blockchain projects involve risk, and readers should conduct their own research before participating.

The post Solana Token Creator Launches as a New Platform for Rapid Token Creation on Solana 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

OpenQQuantify Builds International Platform With 3000 Engineers to Democratize Electronics Development

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2 hours ago

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September 13, 2025

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Canada, 13th Sep 2025 – OpenQQuantify, an international company operating in Canada, the United States, and Europe, today announced new milestones in its mission to provide communities worldwide with the tools to design, simulate, and source the technology they need. The company, led by founder and business consultant Paul Savluc, has built a platform that empowers engineers, organizations, and local communities to take control of their technological development processes. Paul Savluc is an international business man that operates within the USA, Canada, United Kingdom, Europe, Middle East, Africa, and Asia bridging technology gaps all throughout the world. Paul Savluc & OpenQQuantify help engineers build a better society.

Over the past two years, Paul Savluc has personally trained and guided more than 3,000 engineers, working collaboratively to build a digital infrastructure that is “by the community, for the community.” This effort underscores OpenQQuantify’s broader commitment to democratizing access to advanced technology and engineering resources.

Addressing Global Needs Through Engineering and Simulation

As industries worldwide grapple with the accelerating pace of digital transformation, OpenQQuantify offers a practical solution for groups that lack access to sophisticated R&D environments. The platform enables users to:

• Develop innovative technologies from inception to completion.

• Use digital simulation to verify the viability and functionality of prototypes prior to manufacturing.
• Source parts from throughout the world to guarantee price and accessibility.

Instead, depending on pre-packaged solutions, these skills enable communities from small enterprises to research collectives and charitable organizations to create technologies that are specific to their requirements.

”Paul Savluc, Founder of OpenQQuantify said,

“Technology should serve people where they are, not the other way around. By combining engineering expertise, simulation capabilities, and a global sourcing network, we’re making it possible for communities to create tools that fit their realities. The goal is empowerment, allowing anyone, anywhere, to move from idea to execution.”

Expanding Impact Beyond Engineering

In addition to technology development, OpenQQuantify is increasingly involved in business consulting and advanced R&D initiatives, helping companies and organizations adapt to rapid changes in the global marketplace. Paul Savluc and his team provide support across areas such as:

  • Business development strategy.
  • Scaling technology from pilot stage to international deployment.
  • Connecting innovators with partners across continents.

OpenQQuantify also owns news networks spanning every continent, positioning the company to support both business development and marketing efforts for clients seeking international visibility.

A Global Mission with Local Impact

The project comes at a time when both developed and emerging markets are finding it increasingly important to have access to dependable, locally relevant technologies. In addition to offering a technical solution. OpenQQuantify’s platform offers communities in resource-poor areas a route to self-sufficiency.

Community driven technology creation is becoming a viable strategy for innovation, according to industry observers. Businesses such as OpenQQuantify are contributing to the development of resilient global technology infrastructure by lowering reliance on centralized supply chains and establishing local testing environments.

 Collaboration as the Foundation of Leadership

Paul Savluc’s leadership is central to the platform’s growth. Over the last two years, his direct involvement with thousands of engineers has shaped a collaborative culture where contributions from diverse perspectives are encouraged. This approach, according to Savluc, is essential:

“No single company or individual can solve the world’s technology challenges alone. The progress we’ve made at OpenQQuantify is a result of thousands of engineers contributing their knowledge, experience, and creativity. The community built this, and the community benefits from it.”

Opportunities for Engagement

To encourage broader participation, Paul Savluc is currently offering free consulting meetings for a limited time. Business leaders, community organizations, and engineers interested in exploring how OpenQQuantify can support their goals can schedule a session through the company’s booking link:

https://calendly.com/openqquantifyexecutivemeeting/businessdevelopment.

About OpenQQuantify

OpenQQuantify is an international company registered in Canada, the United States, and Europe. The company provides a platform for engineering, simulating, and sourcing electronics with a mission to empower communities and businesses to create technology that meets their unique needs. In addition to its platform, OpenQQuantify offers business consulting services, advanced technology R&D, and international business development support.

For more information, visit: www.openqquantify.com.

Media Contact

Paul Savluc 
Founder, OpenQQuantify
Email: paul.savluc@openqquantify.com
Website: www.openqquantify.com
LinkedIn: https://www.linkedin.com/in/paul-savluc/

Media Contact

Organization: OpenQQuantify

Contact Person: Paul Savluc

Website: https://www.openqquantify.com/

Email: Send Email

Country:Canada

Release id:33842

The post OpenQQuantify Builds International Platform With 3000 Engineers to Democratize Electronics Development 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

AWP Gaming Studios LLC Launches Okra Token – A Revolutionary Gaming Utility Token Creating Generational Wealth Opportunities

Published

2 hours ago

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September 13, 2025

By

 

 

United States, 13th Sep 2025 – AWP Gaming Studios LLC proudly announces the launch of its groundbreaking cryptocurrency, the Okra Token, designed to transform both the gaming and investment industries. With unique royalty-based incentives, innovative gaming utilities, and long-term wealth-building opportunities, the Okra Token is set to become a global force in blockchain-powered entertainment.

At its core, the Okra Token empowers investors and gamers with the ability to earn 24/7 passive income through royalties generated on every transaction. Each time the token is transacted, a 6% transaction fee is distributed back to token holders, allowing investors to profit continuously. Unlike traditional investments, this model enables participants to secure income not only for themselves but for future generations, creating what the company describes as “generational income.”

A Token Built for the Gaming World

Unlike many cryptocurrencies that lack real-world application, the Okra Token is a true gaming utility token. AWP Gaming Studios LLC is integrating the token into multiple platforms that will engage and reward players, including:

  • Gaming Tournaments – Competitive online events where participants must use the Okra Token for entry fees, ensuring demand and circulation within the gaming ecosystem.
  • The Okra Shop – A unique giveaway platform where users can access exclusive opportunities, prizes, and rewards, all powered by entry fees paid in Okra Tokens.

This combination of utility and innovation ensures that Okra Token is not just another digital asset—it is a central component of a growing entertainment ecosystem.

Lifetime Royalties and Investment Potential

What sets Okra Token apart is its royalty-based model. By purchasing royalties, clients gain a permanent share of transaction fees across the token’s entire ecosystem. This means:

  • Earnings 24/7 – Every transaction, no matter the size or location, contributes to the holder’s income stream.
  • Scalable Growth – As adoption grows, the potential for returns increases, enabling some holders to earn hundreds to thousands of dollars per day in the future.
  • Generational Wealth – Royalties can be passed on, ensuring loved ones continue to benefit from this unique income structure.

“Okra Token isn’t just an investment—it’s an opportunity to create a financial legacy,” said Christopher Maxon, spokesperson for AWP Gaming Studios LLC. “By combining the rapidly expanding world of gaming with blockchain technology, we’re opening doors for players and investors to thrive together.”

AWP Gaming Studios LLC’s Vision

Founded in the United States, AWP Gaming Studios LLC is committed to redefining the way people experience gaming and digital investment. With the launch of Okra Token, the company’s mission is to bring together gamers, investors, and blockchain enthusiasts under one thriving ecosystem.

The token’s development reflects AWP Gaming Studios LLC’s belief that gaming should not only be a source of entertainment but also a platform for financial empowerment. By merging community-driven gameplay with crypto-based royalties, the company is laying the foundation for an innovative, long-term economic model.

Looking Ahead

With its early launch already generating buzz, Okra Token is positioned to attract both seasoned investors and newcomers eager to participate in the future of gaming finance. AWP Gaming Studios LLC is actively expanding partnerships and preparing large-scale gaming events to further showcase the token’s capabilities.

As more players join tournaments, engage in giveaways, and adopt the token across platforms, the demand and utility for Okra Token are expected to rise dramatically. For investors, this represents a rare chance to enter early into a market-ready token that is both fun and financially rewarding.

About AWP Gaming Studios LLC

AWP Gaming Studios LLC is an innovative gaming and technology company based in the United States. The company focuses on developing blockchain-powered entertainment solutions that combine gaming, cryptocurrency, and long-term wealth-building opportunities. Its flagship project, the Okra Token, reflects its mission to merge play and prosperity into one unified ecosystem.

Websites 

Media Contact

Organization: AWP Gaming Studios LLC

Contact Person: Michael Miller-Sales Manager

Website: https://okratoken.com/

Email: Send Email

Country:United States

Release id:33857

Disclaimer: This press release is for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other form of advice. Cryptocurrency and blockchain-based assets are volatile and involve significant risk, including the potential loss of principal. Readers should conduct their own research and consult with a licensed financial advisor before making any investment decisions.

The post AWP Gaming Studios LLC Launches Okra Token – A Revolutionary Gaming Utility Token Creating Generational Wealth Opportunities 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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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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