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Glory Star expected to further increase profitability

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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

SoftestLayer Announces Comfort-Focused Bra Collection Designed for Wireless Support and Everyday Wear

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The women’s bra brand highlights wireless construction, flexible fabrics, back-smoothing coverage, and everyday comfort across selected styles.

WEST PEORIA, IL , June 2, 2026 — SoftestLayer, a women’s bra brand focused on everyday comfort and supportive design, today announced the availability of its bra collection for adult women seeking a softer alternative to traditional bras. The collection brings together wireless support, gentle shaping, back-smoothing coverage, support-focused construction, and stretchy fabrics designed for daily wear.

“SoftestLayer was created for women who want everyday bras that feel softer, smoother, and easier to wear. The collection focuses on wireless construction, flexible fabrics, and practical support details for daily routines,” said a SoftestLayer spokesperson. 

Many women want more from an everyday bra than basic coverage. Traditional bras may provide shaping or lift, but they can also feel stiff, restrictive, or uncomfortable after hours of wear. Underwires may dig into the body, narrow straps can create shoulder pressure, and limited back coverage may leave visible lines under clothing. SoftestLayer was created to address these common concerns with bras designed to feel soft against the skin while offering wireless support, smoother coverage, and a flexible everyday fit.

SoftestLayer’s product range includes wireless shaping bras, posture-support bras, minimizer bras, and front-closure styles, giving customers multiple options based on their personal comfort needs, body shape, and wardrobe preferences. Across selected designs, the brand focuses on flexible construction, breathable materials, smooth finishes, and supportive details that help women feel more comfortable throughout the day.

One of the brand’s key design focuses is wire-free shaping. Selected SoftestLayer styles are made to help shape the bust without relying on traditional underwire pressure. The SoftestLayer Wireless Shaping Bra, for example, includes adjustable straps and a flexible fit intended to provide gentle lift while remaining lightweight for everyday wear.

Back and side smoothing are also central to the SoftestLayer collection. Rather than using stiff compression, selected designs use wider coverage areas, flexible bands, and smooth back structures to help create a cleaner silhouette under clothes. These design details are intended to reduce the appearance of visible lines around the back and sides and provide a smoother look under everyday clothing.

For women looking for additional structure, SoftestLayer also offers posture-supportive designs. The SoftestLayer Unlined Back Support Bra features a wire-free structure, front closure, wide straps, and back-support construction intended to encourage a more supported feel during everyday wear. The design is made to help distribute pressure more comfortably while offering smoother coverage across the back and underarm area.

Comfort remains the foundation of the brand’s positioning. SoftestLayer’s designs emphasize soft, stretchy, and breathable materials that move with the body rather than feeling rigid or restrictive. Selected styles use nylon-spandex blends described by the brand as breathable, soft, and lightweight for daily wear. This focus on stretch and softness is intended to make the bras suitable for long workdays, casual outings, travel, and relaxed home wear.

In addition to wireless shaping and posture support, SoftestLayer offers designs for different fit preferences. The Smooth Light Minimizer Bra is designed for women seeking a more balanced bust appearance and a smoother look under clothing. The Cotton Front-Closure Bra is created for women who prefer easier wear, front-fastening convenience, and everyday support. Together, these options provide customers with multiple style choices based on lift, smoothing, coverage, closure type, and comfort preferences.

SoftestLayer bras are available through the brand’s official website, where customers can explore different bra styles based on their preferred support needs, including wireless shaping, posture support, minimizer coverage, front-closure convenience, and back-smoothing designs. Product pages provide detailed information such as available color and size selections, sizing charts, product features, fabric and fit descriptions, and checkout options. 

According to the website, shipping costs are calculated based on the destination and number of items purchased, while selected product pages note an estimated 9–14 business day shipping window after order processing. Customers can also contact SoftestLayer through the support email and phone number listed on the website, with the contact page stating a response time of 24–48 hours Monday through Friday.

With its focus on wireless construction, flexible fabrics, back-smoothing coverage, and everyday wearability, SoftestLayer aims to offer bra options for women seeking comfort-focused support.

About SoftestLayer

SoftestLayer is a women’s bra brand focused on soft, supportive, and wearable bras for everyday life. The brand offers a variety of designs, including wireless shaping bras, posture-support bras, minimizer bras, and front-closure styles. SoftestLayer emphasizes comfort-focused construction, flexible fabrics, wireless support, back-smoothing coverage, and wearable designs for everyday use.

For more information, visit: https://softestlayer.com/

 

Media Contact

Organization: SoftestLayer Clothing Co.

Contact Person: Emily Carter

Website: https://softestlayer.com/

Email:
support@softestlayer.com

Address:Heading Ave, West Peoria, IL 61604, United States

City: Illinois

State: IL

Country:United States

Release id:45633

The post SoftestLayer Announces Comfort-Focused Bra Collection Designed for Wireless Support and Everyday Wear 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

GetSure Launches The Rate Scoop, a Weekly Publication on CD and Fixed Annuity Interest Rates

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GetSure today launched The Rate Scoop, a weekly email publication that compiles publicly available interest-rate information for certificates of deposit and multi-year fixed annuities into a single, consistent weekly summary. The publication is editorial and informational and does not provide financial advice.

GREENBRAE, Calif. — June 2, 2026 — GetSure today announced the launch of The Rate Scoop, a weekly email publication that aggregates and reports publicly available interest-rate information for certificates of deposit (CDs) and multi-year fixed annuity products. The publication is editorial and informational in nature and is intended to make broadly scattered, publicly available rate information easier to follow in a single weekly update.

Interest-rate information for these products is published across hundreds of separate bank and insurance-carrier sources, in differing formats, and is updated on no common schedule. As a result, information that is technically public can be difficult to track over time. The Rate Scoop was developed to address that fragmentation by compiling publicly disclosed figures into one consistent weekly summary with a stable, repeatable structure.

“Interest-rate information for these products is published in many different places and changes frequently, which makes it hard to follow over time,” said Rikin Shah, Founder and Chief Executive Officer of GetSure. “The Rate Scoop was created to organize that publicly available information into a single, consistent weekly summary that readers can review on their own.”

How The Rate Scoop Works

The Rate Scoop is published once per week. Each edition compiles publicly listed rate information from institutions and carriers that disclose it, and reports observed week-over-week movement across the data set. The publication is organized into recurring sections so that the same categories and terms appear in the same place in every edition, allowing readers to follow the information from one week to the next.

Coverage is organized by product category and by term length. For certificates of deposit, the publication tracks information across short- and medium-term lengths. For multi-year fixed annuity products, it tracks information across one-year through ten-year terms. Where financial-strength information is publicly available for a given product, the publication notes it alongside the corresponding entry.

“Information about these products is spread across hundreds of bank and carrier sources, and it changes constantly,” said Suresh Surywanshi, Head of Product at GetSure. “We approached The Rate Scoop as an editorial product first. The emphasis is on a stable weekly format and a transparent methodology, so that readers always know what they are looking at and where the information comes from.”

The publication does not rank products, does not recommend any institution, carrier, or product, and does not provide individualized financial, investment, tax, or insurance advice. It reports publicly available information and reflects week-over-week changes within that information.

A Consistent Weekly Format

Each edition follows the same layout, with the same product categories and term lengths presented in the same order. According to GetSure, the intent of that consistency is to let readers follow the information over time rather than locating and re-formatting it from many separate sources each week.

“The goal is clarity and consistency — the same structure every week,” Shah said. “It is designed to inform, not to advise.”

Methodology and Editorial Notes

The Rate Scoop reports interest-rate information that is publicly disclosed by financial institutions and insurance carriers. Figures are compiled on a periodic basis and may change without notice; information reported in any given edition reflects the data available at the time of compilation. The publication is provided for informational and editorial purposes only and does not constitute financial, investment, tax, or insurance advice, an offer, or a solicitation. Product availability, terms, and eligibility vary by provider and by state. Readers are responsible for verifying current terms directly with the relevant institution or carrier.

Availability

The Rate Scoop is published on a weekly schedule. Readers who wish to receive the publication may subscribe through the GetSure website.

About GetSure

GetSure is an independent insurance agency headquartered in Greenbrae, California, licensed in all 50 states and the District of Columbia. GetSure publishes consumer-facing informational resources related to savings and insurance products. Additional information is available at getsure.org.

Media Contact

Organization: GetSure Insurance Agency

Contact Person: Rikin Shah

Website: https://getsure.org/

Email:
rikin@getsure.org

Contact Number: +14159490496

Address:290 Via Casitas #102

City: Greenbrae

State: California

Country:United States

Release id:45486

The post GetSure Launches The Rate Scoop, a Weekly Publication on CD and Fixed Annuity Interest Rates 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

Sondo AI Launches Professional Video Editor for AI Music Video Workflows

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The new update marks Sondo AI’s evolution from an AI music video generator into a broader creator workflow platform.

Singapore, 2nd Jun 2026 – Sondo AI, an all-in-one AI music creation and visualization platform, officially launched its new Professional Video Editor on May 9, marking the company’s evolution from a standalone AI music video generator into a comprehensive AI music video creator workflow platform.

 

The launch strengthens Sondo AI’s position as an AI Music Video generation platform designed to support creators through generation, editing, distribution, and community-driven collaboration.

The new Professional Video Editor gives creators more direct control over AI-generated music videos by enabling real-time editing, scene restructuring, audio synchronization, and instant preview in one place.

A More Complete Workflow for AI Music Video Creation

With this release, creators can now edit and restructure AI-generated videos directly inside Sondo AI. Key updates include:

  • editing subtitles and lyrics;
  • rearranging, duplicating, and deleting shots;
  • adjusting clip duration;
  • replacing characters and scenes;
  • previewing edits in real time;
  • freely dragging and syncing audio tracks.

https://youtu.be/-_6rj8aJX_k

These features are intended to give users greater creative involvement throughout the production process. Instead of relying only on a “generate-and-finish” model, creators can refine pacing, adjust narrative flow, improve emotional expression, and align visuals more precisely with musical rhythm and lyrical content.

The update also supports a wider range of creative use cases, from demo visualization and short-form content production to music promotion and social media storytelling. For musicians, content creators, independent artists, and creative teams, the Professional Video Editor introduces a more adaptable production model that reduces the need for traditional editing resources while preserving creative flexibility.

Addressing Traditional Production Challenges

Traditional music video production often requires multiple stages, including concept development, scriptwriting, location planning, filming, and post-production. These workflows can be costly, time-consuming, and dependent on professional teams such as directors, cinematographers, editors, and production crews.

Sondo AI’s new editor responds to these challenges by placing generation, revision, and preview into a unified workflow. Creators can make adjustments immediately, review changes in real time, and continue refining the video without needing to restart the production process. This helps reduce friction in creative execution and supports faster iteration from idea to finished visual content.

The platform also addresses the growing need for more precise audio-visual synchronization. Through tools for audio dragging, timing adjustment, subtitle editing, and scene restructuring, users can better align music, lyrics, visual pacing, and emotional tone. 

These capabilities are especially relevant as AI-generated visuals become a more regular part of music marketing, short-form video creation, and digital storytelling.

From AI Tool to Creator Workflow Platform

The launch highlights a broader industry shift in which AI music video creation is becoming more workflow-based. As creators seek faster production methods and more adaptable tools, the core value of an AI video platform is moving beyond generation speed alone. Creative control, editing flexibility, iteration efficiency, and distribution support are becoming increasingly important.

By introducing professional editing capabilities, Sondo AI is expanding its role from one of the hottest AI video generation tools into a more complete infrastructure for music video creation and digital content production. The company aims to continue developing advanced editing tools, creator asset management, community ecosystem features, and multi-platform distribution capabilities.

Sondo AI expects the new Professional Video Editor to help creators move from initial generation to refinement and publishing with fewer production steps. The company will continue expanding its platform around creator needs while strengthening its AI music video ecosystem for global users.

About Sondo AI

Sondo AI is a pioneering, all-in-one music creation and visualization platform powered by advanced artificial intelligence. The platform is designed to help users transform music and audio concepts into cinematic visual content through an integrated workflow spanning generation, editing, distribution, and community. 

Serving music enthusiasts, content creators, professional artists, and corporate brands, Sondo AI provides tools for smart audio-visual synchronization, automated production, real-time editing, and global content distribution. The company’s mission is to lower the barrier to music video creation and build a creator-first ecosystem where music, visual creation, distribution, and monetization can connect more seamlessly.

Media Contact

Organization: Sondo AI

Contact Person: Olivia

Website: https://sondoai.onelink.me/tPBx/9m8aw4ap

Email:
biz.sondo@tunesphere.net

Country:Singapore

Release id:45500

The post Sondo AI Launches Professional Video Editor for AI Music Video Workflows 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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