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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

Qoder Launches Qoder Security, Putting Three Layers of Security Into the AI Coding Session

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The built-in capability shifts code security from after-the-fact scanning to proactive, in-session protection, improving vulnerability detection by about 60 percent and cutting false-positive alerts by about 80 percent compared with traditional solutions

Singapore, July 23, 2026 — Qoder, the agentic coding platform with more than 5 million registered users, today announced Qoder Security, a built-in capability that embeds security review directly into the AI coding session. As code is written, Qoder Security runs three progressive layers of protection and fixes the issues it finds in the same session, before the code is committed.

The launch targets a widening gap between how fast Agent writes code and how slowly that code gets checked. Agent now assists in generating a large share of new code, and a July 2026 academic study that applied multi-tier verification to nearly 9,000 C++ programs found that AI-generated code triggers confirmed runtime violations at roughly twice the rate of human-written code, even after controlling for code length and test pass rates. Most security tooling, however, still runs after the fact, in CI pipelines or pre-release audits, when the developer’s context is gone and fixes are slowest and most expensive.

“The speed of agentic coding has quietly become the speed at which vulnerabilities enter the repository,” said Ding Yu, Head of Product at Qoder. “We believe security cannot depend on a model’s good behavior. It has to be built into the product architecture. Qoder Security gives every developer the equivalent of a dedicated security engineer, one that reviews, verifies and fixes issues while the code is being written, not weeks later in a report.”

From Static Scanning to Proactive Security

Traditional code security relies on rules and pattern matching. That approach catches hardcoded secrets and known dangerous calls, but it cannot reason about logic flaws such as authorization bypasses or exploitable data flows. Qoder Security, built on Qoder’s proprietary security LLM, takes an approach the company calls proactive security. The system understands code context and taint propagation paths, verifies that a detected issue is actually reachable before reporting it, and then drives the fix itself.

The architecture separates the agent that writes code from the agent that reviews it, avoiding what engineers call reviewing its own work. On the review side, scanning and verification are split between two cooperating agents to improve accuracy. Once a fix lands, the next scan re-verifies it, closing the loop so no security debt is left behind.

Three Layers, Escalating Depth

Running a frontier-scale model over every line of code would be too slow and too expensive. Qoder Security instead assigns a distinct job to each of three layers:

  • Static Check. Pattern-based screening at generation time. Dangerous function calls and other known high-risk patterns are caught and fixed the moment they appear, with no latency and no model cost.

  • Lightweight Scan. After a coding task wraps up, the system suggests a semantic review of the incremental changes. This layer reasons about what the code is trying to do, catching risks such as SQL injection, remote command execution and sensitive data exposure, and verifies reachability before reporting.

  • Deep Scan. Before code is pushed, the system offers a cross-file, cross-function analysis that traces complete data flows from taint source to dangerous sink, surfacing chained vulnerabilities invisible from any single file.

None of the layers interrupts the developer. The first runs silently; the other two appear as suggestions at natural break points in the workflow and run only when the developer says yes. A scan can also be triggered at any time with the /security-scan command or a plain-language request.

Reported Results

According to company data, Qoder Security improves vulnerability detection rates by about 60 percent and reduces false-positive alerts by about 80 percent compared with traditional solutions, shrinking the time from discovery to fix from days to minutes. In internal testing ahead of launch, the system surfaced more than 600 security issues across production-grade open-source projects and AI infrastructure components, many of them widely used and actively maintained. Within Qoder’s own engineering organization, security-related comments in code review have dropped by roughly 35 to 45 percent since adoption.

Qoder Security improves vulnerability detection rates by about 60 percent and reduces false-positive alerts by about 80 percent compared with traditional solutions

The broader industry is converging on the same conclusion. Leading AI labs have begun building security review into their coding tools, some at the repository level, others inside the coding session. Qoder Security productizes the in-session approach end to end, with three layers of protection, same-session remediation and closed-loop re-verification available out of the box.

Qoder Security is designed to complement existing security programs rather than replace them. CI-stage scanning and human review remain the right tools for compliance and organizational control; Qoder Security shifts detection and remediation left, to the moment the code is born. Findings may still include false positives, and developers always decide whether to accept a fix.

Availability

Qoder Security is available now in Qoder Desktop and in Qoder CLI. It requires no plugins and no configuration files: open Settings > Security in Qoder Desktop, or run /security-settings in the CLI, and switch it on. Static Check is free; Lightweight Scan and Deep Scan consume credits.

About Qoder

Qoder is an agentic coding platform serving more than 5 million registered developers worldwide through Qoder Desktop, Qoder CLI and JetBrains plugin. Launched in 2025, Qoder pairs autonomous coding agents to help developers ship reliable software faster. Learn more at qoder.com.

Media Contact

Organization: Qoder

Contact Person: Nathan Steel

Website: https://qoder.com

Email:
contact@qoder.com

City: Singapore

Country:Singapore

Release id:47400

The post Qoder Launches Qoder Security, Putting Three Layers of Security Into the AI Coding Session 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

Adam Weitsman Backs Unserious in their Acquisition of Creepz and Psychrome homecoming

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Miami, United States, July 22nd, 2026, Chainwire

Unserious today announced the acquisition of Creepz, one of the most recognizable NFT collections of the 2021-22 cycle. Backed by entrepreneur and investor Adam Weitsman, and with the support of the original founders, the deal places the lizard cult brand under a powerhouse new team.

Most importantly, the acquisition marks a homecoming for Psychrome – the original mastermind and creative genius behind the Creepz lore. Returning to lead IP development, he also brings a resume as a globally exhibited artist whose commercial collaborations span Nike, Salomon, Sneaker Con, Staple, Disney, Warner Bros., and Rovio.

Beyond this foundational creative leadership, the Unserious team brings deep operating experience with a track record spanning consumer brands, entertainment, and enterprise tech, alongside crypto’s largest token launches – including the historic ApeCoin.

Unserious also took the opportunity to formally deny the existence of lizard people, their alleged evil activities, and any plans for $CREEPZ world domination.

About Unserious

Unserious is reimagining the future of decentralized brands.

Contact

Acquirer
Unserious
Unserious
contact@unserious.inc

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Press Release

Mandela Digital Announces $5 Million Investment From Datavault AI

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Laramie, Wyoming, July 22nd, 2026, FinanceWire

Mandela Digital today announced a $5 million investment from Datavault AI and the launch of its official digital website at www.mandela.digital.

Datavault AI Commits $5 Million and Technology Platform to Support Mandela Dollar

Datavault AI Inc. has committed and begun deploying $5 million in funding to Mandela Digital. The investment will accelerate the development and launch of the Mandela Dollar (MUSD), a 1:1 USD-backed stablecoin designed to promote financial inclusion, remittances, and digital payments across the Global South and beyond.

Mandela Digital combines institutional-grade financial infrastructure with the moral authority of the Mandela name to address the needs of the billions of people globally who remain unbanked or underbanked.

Under the agreement, Datavault AI’s investment will support stablecoin infrastructure, regulatory compliance, exchange integrations, liquidity, and go-to-market initiatives. As the primary technology partner, Datavault AI will also provide its patented AI platforms, blockchain tokenization expertise, SanQtum quantum-resilient encryption, and real-world asset (RWA) frameworks to power MUSD’s issuance, redemption, compliance, and on-chain transparency.

Key Highlights

  • $5 million investment by Datavault AI Inc. (NASDAQ: DVLT) into Mandela Digital.
  • Full deployment of Datavault AI’s technology stack, including AI-driven platforms, tokenization patents, quantum-secure encryption, and RWA infrastructure.
  • Launch of the Application Stage of the Early Access Programme, which will remain open for a symbolic 67-day window starting on Nelson Mandela International Day 2026, honoring the 67 years Nelson Mandela spent fighting for human rights, equality and social justice. 
  • Official website www.mandela.digital now live as the central global hub for the initiative.

Mandela Digital Launches Official Digital Home

www.mandela.digital

The new website at www.mandela.digital serves as the venture’s primary global hub, offering stakeholders transparent information, official updates, and resources. It follows the recent opening of applications for the Mandela Dollar Early Access Programme on Nelson Mandela International Day.

Key sections of the website will be updated periodically to include details on the MUSD framework, reserves and audits, governance, the Early Access Programme for financial institutions and intergovernmental organizations, partnership information, and educational resources aligned with Nelson Mandela’s values of economic empowerment.

Quotes

Mustaq Patel, Chairman, Mandela Digital: “I conceived the Mandela Dollar to solve what the industry has long failed to deliver: a stablecoin that combines institutional architecture with genuine moral authority. Technology without trust is a commodity; trust without infrastructure is insufficient. Datavault AI’s $5 million investment and full technology deployment under a signed legal agreement mark the transition from vision to construction. www.mandela.digital represents our commitment to transparency and accessibility as we build serious financial infrastructure for the Global South and beyond.”

Zaziwe Dlamini-Manaway, Director, Mandela Digital “My grandfather measured progress by its impact on people’s daily lives — whether families could thrive, young people could build futures, and workers could preserve the value of their labor. Mandela Digital, brought to us by Mustaq Patel and now supported by Datavault AI’s capital and technology under formal agreement, carries that vision forward with clarity and seriousness of purpose. The Mandela name stands for what endures, and we are confident this initiative is built to last.”

About Mandela Digital

Mandela Digital is the U.S.-headquartered Joint Venture developing the Mandela Dollar (MUSD), a 1:1 USD-backed stablecoin engineered to institutional standards. The initiative aims to expand reliable U.S. Dollar-denominated financial access across Africa, Southeast Asia, Latin America, and beyond.

Caution Regarding Unauthorized Tokens

The Mandela Dollar (MUSD) is currently in development and not yet live on any blockchain or exchange. Mandela Digital has not authorized any token sale, pre-sale, ICO, IEO, or similar offering. The public is advised to exercise extreme caution against any unauthorized tokens, websites, or individuals claiming to represent MUSD or Mandela Digital. Suspected fraudulent activity should be reported to legal@mandela.digital. All verified information is available exclusively at www.mandela.digital.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. These statements are based on current expectations and are subject to risks and uncertainties, including regulatory developments, technology timelines, market conditions, and other factors that may cause actual results to differ materially. Neither Datavault AI nor Mandela Digital undertakes any obligation to update forward-looking statements except as required by law.

Nothing in this release constitutes an offer to sell or solicitation to buy any security or digital asset.

Contact

Chairman
Mustaq Patel
Mandela Digital
PR@mandela.digital

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