Press Release
Glory Star expected to further increase profitability
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
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.
Press Release
SwiftProxy Launches Business Continuity Proxy Solution for Enterprise Access Management
SwiftProxy launches a new proxy solution designed to maintain enterprise access to critical digital platforms during IP-based service disruptions.
Hong Kong S.A.R., 24th Nov 2025 – SwiftProxy today announced the launch of its Business Continuity Proxy Solution, designed to help enterprises maintain operational stability when facing IP-based access restrictions. This new service provides organizations with immediate alternative IP pathways to critical business platforms and services, ensuring that operations continue without interruption.
The solution addresses the challenges businesses face when IP-based blocks restrict access to essential software services, partner portals, or marketing platforms. SwiftProxy’s extensive network of authenticated IP addresses allows businesses to quickly rotate IPs, ensuring uninterrupted access while access issues are resolved through proper channels.
“Enterprises require uninterrupted access to cloud-based services for daily operations,” said a SwiftProxy company representative. “Our Business Continuity Proxy Solution ensures that businesses can maintain productivity and operational resilience, even during unexpected access disruptions, all while maintaining platform compliance.”
The service features enterprise-grade IP rotation capabilities, compliant access management protocols, and immediate deployment options. SwiftProxy maintains a constantly refreshed pool of IP addresses to ensure businesses stay connected to critical applications without downtime.
The Business Continuity Proxy Solution is now available to enterprise clients, with flexible deployment options tailored to different organizational sizes and industry needs. The service integrates seamlessly into existing enterprise security frameworks, providing the flexibility businesses need to maintain access and stability.
Media Contact
Organization: Mescent Network Inc Limited
Contact Person: Lewis
Website: https://www.swiftproxy.net
Email: Send Email
Contact Number: +8613357729503
Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG
City: Hong Kong
State: Hong Kong
Country:Hong Kong S.A.R.
Release id:37426
The post SwiftProxy Launches Business Continuity Proxy Solution for Enterprise Access Management 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
About Author
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.
SwiftProxy announces the launch of its optimized global residential proxy network tailored for the travel industry, enabling businesses to monitor geo-specific pricing and availability on airline and hotel platforms worldwide.
Hong Kong S.A.R., 24th Nov 2025 – SwiftProxy is excited to announce the launch of its enhanced global residential proxy network, specifically configured to meet the needs of the travel industry. This new development provides travel companies, analysts, and researchers with reliable access to geo-specific pricing and availability data from airline, hotel, and booking platforms around the world.
As the travel industry continues to rely on dynamic pricing models that fluctuate based on geographic location, SwiftProxy’s network of authentic residential IP addresses enables businesses to analyze these pricing structures in different markets and customer locations. This capability is essential for market research, competitive analysis, and pricing strategy development for authorized users.
The newly enhanced service provides stable, high-speed connections through residential IPs in over 150 countries, allowing travel professionals to gather accurate and real-time pricing intelligence without the geographic limitations. SwiftProxy’s network complies with all platform terms of service, ensuring that users can access the data they need while adhering to all regulations.
With a focus on high reliability and connection success rates, SwiftProxy’s technology infrastructure ensures that travel industry professionals can rely on the network for accurate, comprehensive market analysis. This solution is built to meet the data aggregation needs of authorized businesses, while maintaining full compliance with platform access policies.
Media Contact
Organization: Mescent Network Inc Limited
Contact Person: Lewis
Website: https://www.swiftproxy.net
Email: Send Email
Contact Number: +8613357729503
Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG
City: Hong Kong
State: Hong Kong
Country:Hong Kong S.A.R.
Release id:37430
The post SwiftProxy Launches Global IP Network for Travel Price Monitoring 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
About Author
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.
SwiftProxy announces a new dedicated IP allocation service designed specifically for brands managing multiple social media accounts, enabling secure and compliant multi-user access across social platforms.
Hong Kong S.A.R., 24th Nov 2025 – SwiftProxy today announced the launch of its new enterprise-grade IP solution specifically designed for social media management teams. This service provides dedicated IP allocation that enables companies to manage multiple social media accounts while maintaining platform compliance and operational security.
As businesses increasingly manage multiple social media accounts across different regions, they face the challenge of maintaining platform compliance and avoiding disruptions due to IP restrictions. SwiftProxy’s new solution addresses this by distributing social media management activities across unique IP addresses, ensuring businesses can operate efficiently without breaching platform guidelines.
“As social platforms enhance their security measures, businesses need sophisticated solutions that support their operational needs while maintaining compliance,” said a company spokesperson for SwiftProxy. “Our new dedicated IP service offers enterprises the infrastructure they need to manage their social presence effectively, ensuring smooth operations and full adherence to platform policies.”
The service features dedicated IP assignments that ensure consistent geographic location identity, enhanced security protocols for team access management, and comprehensive compliance with major social media platform requirements. This allows enterprise social media teams to coordinate their efforts across multiple accounts and regions while minimizing operational disruptions.
SwiftProxy‘s solution is now available to enterprise clients and social media management agencies, with customizable plans based on team size and account volume requirements.
Media Contact
Organization: Mescent Network Inc Limited
Contact Person: Lewis
Website: https://www.swiftproxy.net
Email: Send Email
Contact Number: +8613357729503
Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG
City: Hong Kong
State: Hong Kong
Country:Hong Kong S.A.R.
Release id:37428
The post SwiftProxy Launches Dedicated IP Solution for Enterprise Social Media Management 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
About Author
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.
SwiftProxy Launches Business Continuity Proxy Solution for Enterprise Access Management
SwiftProxy Launches Global IP Network for Travel Price Monitoring
SwiftProxy Launches Dedicated IP Solution for Enterprise Social Media Management
Benzinga Money Article Discusses How to Become Part of the 12% of Retirees Who Have Achieved the Recommended $550,000 Minimum Retirement Savings Threshold
Apu Apustaja Conquers New York with Lively Street Ads, Including Times Square Billboard
Bay Smokes Maintains Quality Amid Legislative Changes in the Hemp Industry
-
Press Release7 days ago
Promax Pogo Pin Offers Robust Pogo Pin Keyboards for Enhanced Input Precision
-
Press Release7 days ago
Company Fyllo Expands Company Registration Services Across 5 Major Cities in South India – Bangalore, Chennai, Coimbatore, Madurai & Trichy
-
Press Release6 days ago
Poseidon Boat Achieves Landmark Lloyd’s Register Certification for 10-Meter Aluminum Catamaran Patrol Boats
-
Press Release7 days ago
Quantari Exchange Emerges as a Global Digital Asset Powerhouse: Redefining Real-Time Trading, Instant Contracts, and the Future of Digital Gold
-
Press Release5 days ago
Tradeview Markets Celebrates Major Success at Jeddah Fintech Week 2025, Organized Under the Patronage of His Royal Highness Prince Dr. Saif Al-Islam Bin Saud Bin Abdulaziz Al Saud
-
Press Release3 days ago
Axivra Pro Records Over $800 Million in Institutional Volume in Its First Month; Quant Activity Up 90%
-
Press Release1 day ago
Moorbridge Cyber Security Cracks Major Crypto Theft Case Leveraging Advanced PT and Threat Isolation Tools to Recover Stolen Assets
-
Press Release6 days ago
Korea Vegan Certification Institute Becomes a Trusted Partner for Companies Entering Global Markets