Connect with us

Press Release

Glory Star expected to further increase profitability

Published

5 years ago

on

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

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

Funinexchange Brings Cricket Fans Closer to the Action as IPL 2026 Season Excitement Builds

Published

3 hours ago

on

March 13, 2026

By

Vadodara, Gujarat- As the excitement builds for the upcoming Indian Premier League season, cricket fans across India and around the world are preparing for weeks of high-intensity matches, thrilling finishes, and unforgettable performances.

The IPL has consistently delivered some of the most exciting moments in modern cricket. From explosive batting displays to nail-biting last-over finishes, the tournament creates an atmosphere that keeps fans glued to their screens. In such a high-energy cricket environment, online platforms such as funexchange and funinexchange allow fans to stay even more connected to the game while following match developments in real time.

The Growing Popularity of Cricket Exchange Platforms

In recent years, online cricket exchange platforms have seen a significant rise in popularity, particularly during major tournaments like IPL. Cricket lovers today seek more than just watching matches—they want to analyze team strategies, predict match outcomes, and engage with the sport on a deeper level.

This is where funinexchange stands out. The platform provides cricket enthusiasts with a streamlined and user-friendly interface designed specifically for sports engagement. Whether it’s predicting match outcomes, tracking team performances, or following live odds updates, funexchange creates an environment where fans can experience cricket in a more dynamic way.

Why IPL Season Drives Massive Online Engagement

The IPL is one of the most followed cricket tournaments in the world, bringing together international stars and domestic talents. Each match carries enormous excitement, and fan engagement peaks during the tournament.

Platforms like funinexchange benefit from this surge in cricket enthusiasm because fans are constantly searching for insights, predictions, and interactive experiences. The fast-paced nature of T20 cricket, combined with the unpredictability of the IPL format, creates the perfect environment for platforms that allow users to engage with match outcomes and strategies.

From opening matches to the final showdown, every IPL game brings fresh opportunities for cricket fans to test their understanding of the sport. With features designed for quick navigation and easy participation, funexchange aims to make the experience simple even for new users.

A Platform Designed for Modern Cricket Fans

One of the biggest strengths of funinexchange is its focus on accessibility and real-time engagement. The platform is built for cricket lovers who want quick access to match information, simple account setup, and smooth functionality across devices.

Users can easily create their funexchange ID and begin exploring the platform’s cricket-focused features. With the IPL season attracting massive viewership every year, having a reliable and responsive platform is crucial for fans who want to stay involved throughout the tournament.

The Future of Digital Cricket Engagement

As cricket continues to grow in the digital era, platforms like funinexchange are shaping how fans interact with the sport. The combination of live match excitement, strategic predictions, and interactive experiences ensures that cricket lovers remain deeply connected to every moment of the game.

With the upcoming IPL2026  season set to deliver another round of thrilling matches, funexchange is positioning itself as a platform where cricket fans can amplify their excitement

ngaged with the world’s most entertaining T20 league.

Company Information

Company: funinexchange
Contact Person: Alpa Ramson
Email: funexchange@yopmail.com
Website: https://funinexchange.vip/

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency, Casino investments carry risk, including total loss of capital. All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

A.M.A Selections Unveils Expanded 2026 Collection of Luxury Holiday Villas Across the French Riviera

Published

3 hours ago

on

March 13, 2026

By

From Saint-Tropez to Monaco, the luxury villa rental platform introduces its largest ever portfolio of private holiday homes on the Cote dAzur

Portugal, 13th Mar 2026 – A.M.A Selections, the luxury vacation rental company redefining private villa holidays across Europe and the Caribbean, has announced a significant expansion of its French Riviera portfolio for summer 2026. The curated collection now spans five of the most sought-after destinations on the Cote dAzur, giving discerning travellers unprecedented access to handpicked holiday villas in Saint-Tropez, Cannes, Antibes, and Monaco.

The French Riviera has been a magnet for luxury travellers for more than a century, and the region continues to set the standard for Mediterranean glamour. Recognising the growing demand for private, fully serviced accommodation over traditional five-star hotels, A.M.A Selections has invested heavily in sourcing exceptional holiday villas in the South of France that combine architectural character with contemporary comfort across every major destination on the coast.

Holiday Villas Saint-Tropez – Timeless Glamour Meets Private Luxury

The A.M.A Selections collection of holiday villas in Saint-Tropez features a carefully curated portfolio of private estates in and around the legendary Riviera town. Properties range from contemporary seafront retreats in Ramatuelle, within walking distance of the iconic Pampelonne beach, to restored Provençal bastides surrounded by private vineyards and Mediterranean gardens. Each villa is professionally managed and comes with access to A.M.A Selections’ dedicated concierge team, who can arrange everything from private yacht charters and helicopter transfers to Michelin-starred private chef experiences. Saint-Tropez remains the quintessential summer destination for those seeking a blend of celebrity culture, world-class dining, and the relaxed sophistication that defines the Riviera lifestyle.

Holiday Villas Cannes – Where Film Festival Glamour Meets Year-Round Elegance

For travellers drawn to the city synonymous with the world’s most prestigious film festival, A.M.A Selections offers an outstanding range of holiday villas in Cannes. The portfolio includes grand Belle Époque residences perched above La Croisette with panoramic views of the Mediterranean, as well as sleek modern properties in the surrounding hills of Super-Cannes and Mougins. Beyond the red carpet, Cannes offers a thriving cultural scene, Michelin-starred restaurants, and easy access to the charming hilltop village of Grasse, the perfume capital of the world. A.M.A Selections’ local knowledge ensures guests can experience the authentic Cote dAzur beyond the headlines, with personalised restaurant bookings, private tours, and bespoke excursions arranged through the in-house concierge service.

Holiday Villas Antibes – Old-World Charm and Coastal Sophistication

Situated between Cannes and Nice, the walled town of Antibes and the exclusive peninsula of Cap d’Antibes have attracted royalty, artists, and industrialists for generations. A.M.A Selections’ collection of holiday villas in Antibes encompasses properties ranging from intimate maisons de maître within the old town walls to sprawling waterfront estates on the Cap, many with private beach access and mature landscaped gardens. Antibes combines the authentic Provençal atmosphere of its daily market and medieval ramparts with the exclusive allure of Cap d’Antibes, home to the legendary Hotel du Cap-Eden-Roc. The town’s proximity to the Picasso Museum, Port Vauban – Europe’s largest marina – and the Juan-les-Pins jazz quarter makes it an exceptionally well-rounded destination for luxury villa guests.

Holiday Villas Monaco – The Pinnacle of Riviera Prestige

Completing the French Riviera collection, A.M.A Selections presents an exclusive selection of holiday villas in Monaco and the surrounding communes of Roquebrune-Cap-Martin and Beausoleil. Monaco represents the apex of Riviera luxury, and the properties in this collection reflect that standing – expect private terraces overlooking the Monte Carlo harbour, state-of-the-art wellness facilities, and proximity to the principality’s legendary casino, Grand Prix circuit, and haute couture boutiques. For guests seeking the ultimate in privacy and prestige, A.M.A Selections’ Monaco portfolio delivers an experience that rivals the finest hotels in the world, with the added freedom and exclusivity of a private residence.

The A.M.A Selections Difference

Every property listed on the A.M.A Selections platform is personally vetted to meet rigorous standards of quality, design, and service. Unlike mass-market booking platforms, A.M.A Selections operates a high-touch model in which each guest is assigned a dedicated concierge from the moment of booking through to departure. Services include pre-arrival planning, private chef arrangements, restaurant reservations, yacht and helicopter charters, spa treatments, and curated excursions – all tailored to the guest’s preferences.

The company’s proprietary platform and mobile app allow guests to browse properties, communicate with their concierge, manage itineraries, and share trip details with travel companions, combining the warmth of personal service with the convenience of modern technology.

“The French Riviera is where A.M.A Selections began, and it remains at the heart of everything we do. Our 2026 collection represents our deepest commitment yet to this extraordinary coastline – we’ve handpicked properties across Saint-Tropez, Cannes, Antibes, and Monaco that embody the very best of Riviera living. Our guests expect perfection, and we’re proud to deliver it.” – A.M.A Selections

About A.M.A Selections:

A.M.A Selections is a luxury vacation rental company offering a curated portfolio of private villas and chalets across more than 100 destinations in Europe, the Caribbean, and the United States. The company combines a rigorously vetted property collection with a dedicated concierge service and proprietary booking platform. A.M.A Selections operates across the French Riviera, Provence, Tuscany, Amalfi Coast, Puglia, Sardinia, Ibiza, Mallorca, Costa del Sol, Mykonos, the French Alps, St. Barts, Turks and Caicos, and California, among other destinations.

Media Contact

Organization: A.M.A Selections

Contact Person: A.M.A Selections

Website: https://amaselections.com/

Email: Send Email

Country:Portugal

Release id:42598

The post A.M.A Selections Unveils Expanded 2026 Collection of Luxury Holiday Villas Across the French Riviera 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

file

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

A.M.A Selections Unveils Expanded 2026 Collection of Luxury Holiday Villas Across Greece

Published

3 hours ago

on

March 13, 2026

By

From the Cyclades to the Ionian Islands and Crete, the luxury villa rental platform introduces its most comprehensive Greek portfolio to date.

Portugal, 13th Mar 2026 – A.M.A Selections, the luxury vacation rental company redefining private villa holidays across Europe and the Caribbean, has announced a significant expansion of its Greek portfolio for summer 2026. The curated collection now features handpicked properties across five of the country’s most sought-after island destinations, offering discerning travellers unprecedented access to holiday villas in Corfu, Mykonos, Paros, Santorini, and Crete.

Greece has long captivated luxury travellers with its extraordinary combination of ancient history, crystalline Aegean waters, and a culinary tradition that ranks among the finest in the Mediterranean. Recognising the growing demand for private, fully serviced accommodation across the Greek islands, A.M.A Selections has invested heavily in sourcing exceptional holiday villas in Greece that combine authentic Cycladic and Ionian architecture with contemporary luxury.

Holiday Villas Corfu – Lush Ionian Beauty and Venetian Grandeur

The A.M.A Selections collection of holiday villas in Corfu showcases the Ionian island’s distinctive character – a lush, green landscape quite unlike anything found in the Cyclades. Properties range from grand Venetian-influenced estates with sweeping coastal views to contemporary waterfront retreats with private beach access, heated infinity pools, and spa facilities. Corfu’s Old Town, a UNESCO World Heritage Site, offers a rich blend of Byzantine, Venetian, French, and British architecture, while the island’s rugged northern coastline and tranquil southern beaches provide an extraordinary diversity of scenery within a single destination.

Holiday Villas Mykonos – The Queen of the Greek Islands

For travellers drawn to the most glamorous island in the Aegean, A.M.A Selections offers an outstanding range of holiday villas in Mykonos. The portfolio includes contemporary clifftop estates with panoramic views of the Aegean, whitewashed retreats within walking distance of Mykonos Town’s iconic windmills, and exclusive beachfront properties near Psarou, Ornos, and Ftelia. Although famous for its vibrant nightlife and world-renowned beach clubs, Mykonos offers far more than the party scene – hidden coves with crystal-clear waters, award-winning restaurants, and a thriving art gallery scene that continues to attract a discerning international crowd.

Holiday Villas Paros – The Authentic Heart of the Cyclades

Paros has rapidly emerged as one of the most desirable islands in the Aegean, and the A.M.A Selections collection of holiday villas in Paros reflects the island’s irresistible blend of traditional charm and understated sophistication. Properties range from contemporary beachfront estates near the fashionable port town of Naousa to secluded waterfront retreats overlooking Golden Beach on the island’s eastern coast. The slow-paced way of life is the real luxury of Paros – whitewashed villages draped in bougainvillea, family-run tavernas serving the freshest grilled fish, and unspoilt coves with emerald-coloured water that feel a world away from the busier neighbouring islands.

Holiday Villas Santorini – Volcanic Drama and World-Famous Sunsets

No Greek island portfolio would be complete without Santorini, and A.M.A Selections’ collection of holiday villas in Santorini captures the volcanic island at its most spectacular. Properties perch along the caldera rim in Oia and Fira, offering uninterrupted views of the legendary sunset over the submerged crater, while others are set among the island’s renowned vineyards and dramatic red and black sand beaches. Santorini’s unique terroir has produced an increasingly celebrated wine scene, and the island’s ancient archaeological sites – including the remarkably preserved Minoan settlement of Akrotiri – add a layer of cultural depth that sets it apart from any other Mediterranean destination.

Holiday Villas Crete – Where Mythology Meets the Mediterranean

Completing the Greek collection, A.M.A Selections presents an exceptional selection of holiday villas in Crete, the largest and most diverse of all the Greek islands. Properties span the island’s dramatic northern coastline, from contemporary eco-chic retreats near Heraklion with infinity pools and direct sea access to restored stone farmhouses in the olive groves of the western interior. Crete’s extraordinary depth of history – from the Minoan palace of Knossos to Venetian harbour towns such as Chania and Rethymno – is matched by a vibrant food scene rooted in one of the world’s oldest culinary traditions.

The A.M.A Selections Difference

Every property listed on the A.M.A Selections platform is personally vetted to meet rigorous standards of quality, design, and service. Each guest is assigned a dedicated concierge from booking through to departure, with services including private chef arrangements, restaurant reservations, yacht charters, spa treatments, and curated excursions – all tailored to individual preferences.

“Greece occupies a truly special place in our portfolio – from the cosmopolitan energy of Mykonos to the timeless tranquillity of Paros and the dramatic beauty of Santorini, these islands offer an extraordinary range of experiences. Our 2026 collection is our most ambitious Greek offering yet, and we’re proud to share it with travellers who demand the very best.” – Co-Founder, A.M.A Selections

Media Contact

Organization: A.M.A Selections

Contact Person: A.M.A Selections

Website: https://amaselections.com/

Email: Send Email

Country:Portugal

Release id:42602

The post A.M.A Selections Unveils Expanded 2026 Collection of Luxury Holiday Villas Across Greece 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

file

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us