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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

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.

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Press Release

New Findings Reveal a Hidden Indoor Air Quality Crisis Linked to Aging HVAC Systems and Fiberglass Ductwork Across South Florida

Published

7 hours ago

on

January 24, 2026

By

United States, 24th Jan 2026 – New findings released by Fix Mold Miami, a leading environmental services firm based in South Florida, are drawing attention to a growing indoor air quality issue affecting homes and buildings across the region.

Based on recent field investigations and indoor air quality testing Florida, Fix Mold reports that aging HVAC systems and deteriorating fiberglass ductwork may be releasing harmful particles directly into indoor air.

Many systems installed between 1970 and 2000 rely on fiberglass duct board, sealants, and insulation that can degrade over time. Fix Mold specialists have frequently identified these conditions during mold inspection Miami and mold inspection South Florida services, linking them to declining indoor air quality.

A Regional Indoor Air Quality Problem Driven by Aging HVAC Systems in South Florida

Fix Mold Miami’s investigations show that many fiberglass-lined duct systems in South Florida homes and commercial buildings are reaching the end of their usable life.

As these materials break down, they can release microscopic fiberglass particles, trap moisture, and contribute to HVAC mold contamination. This pattern has been identified across residential and commercial properties, including cases that required mold remediation in Miami after standard HVAC servicing failed.

Fix Mold Develops Practical Solutions for Mold Removal, HVAC Mold Cleaning, and Water Damage

  • Targeted mold inspection Florida services with lab-backed testing
  • Forensic evaluation of fiberglass duct deterioration
  • Removal or isolation of compromised duct sections
  • Encapsulation or sealing protocols when appropriate
  • HEPA-based filtration and containment strategies
  • Moisture control and humidity management plans
  • Preventative maintenance programs
  • Emergency mold services following leaks or flooding
  • Integrated response for commercial water damage restoration

What Sets Fix Mold Apart in Mold Remediation

  • One-year mold-free warranty on treated areas
  • Free virtual FaceTime Mold Solutions for early guidance
  • State-certified technicians with strict regulatory compliance
  • Zero-VOC, eco-safe treatments for occupied spaces
  • Advanced diagnostics, including thermal imaging and lab testing
  • 24/7 live concierge support for urgent needs
  • End-to-end services, from residential and commercial mold remediation to HVAC mold cleaning and commercial water damage restoration

“Most homeowners assume they’ve clean air just because the AC is running,” said a senior Fix Mold environmental specialist. “What we uncover often explains why symptoms linger. Once people understand what’s circulating through their home, they can finally take control.”

About Fix Mold

Fix Mold LLC, a firm offering advanced air duct cleaning and mold removal services, is located in Miami and operates in Miami-Dade, Broward, Palm Beach, and the Florida Keys. This mold inspection company in Miami is a family-run business that offers multifold services, including mold remediation, water damage restoration, HVAC duct cleaning, air quality improvement, odor removal, and general contracting. 

The company is certified, licensed, bonded, and insured and is recognized as South Florida’s top-rated restoration provider with 600+ five-star reviews and an A+ rating from the BBB.

State/province name: Florida

Country: United States

Website: www.fixmold.com

Media Contact: Abe Katz, Manager

Email: info@fixmold.com 
Phone: (305) 465-6653

Follow FixMold Online:

Facebook: https://www.facebook.com/wefixmold

Instagram: https://www.instagram.com/fixmold/

Media Contact

Organization: Fix Mold

Contact Person: Abe Katz, Manager

Website: http://www.fixmold.com/

Email: Send Email

Country:United States

Release id:40541

The post New Findings Reveal a Hidden Indoor Air Quality Crisis Linked to Aging HVAC Systems and Fiberglass Ductwork Across South Florida 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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Knybel Network Launches Focused Growth Campaign to Help Southeast Michigan Buyers and Homeowners Win in a Competitive Housing Market

Published

7 hours ago

on

January 24, 2026

By

United States, 24th Jan 2026 — Knybel Network – Real Estate announced today the launch of a focused growth campaign designed to support homeowners and buyers across Macomb, Oakland, St. Clair, and Sanilac Counties as they navigate one of the most competitive housing markets in recent years. The initiative expands the firm’s commitment to data-driven strategy, high-impact digital outreach, and personalized guidance aimed at delivering faster, more profitable outcomes for clients throughout Southeast Michigan.

Led by Brett Knybel and Alex Klott, Knybel Network has built a strong reputation as a results-oriented real estate team known for its relentless work ethic, locally rooted expertise, and modern marketing approach. The new campaign doubles down on these strengths by scaling digital visibility, offering free home valuation consultations, and providing tailored buyer strategies that help clients move with clarity and confidence.

“With limited inventory, fluctuating interest rates, and intense competition, buyers and sellers need more than basic representation, they need a strategic partner,” said Brett Knybel, Founder of Knybel Network. “This campaign is about meeting clients where they are, using smarter marketing and real-time market insights to help them make informed decisions and achieve their goals faster.”

As part of the initiative, Knybel Network is expanding its outreach to homeowners searching for ways to sell my home or sell my home fast, offering consultations that combine local market data with targeted exposure. Sellers benefit from customized pricing strategies, professional listing optimization, and aggressive digital promotion designed to attract qualified buyers and reduce time on market.

For buyers, the campaign emphasizes proactive guidance in competitive areas such as Macomb Township, Shelby Township, and Chesterfield. By leveraging neighborhood-level insights and strong local relationships, Knybel Network’s real estate agents in Macomb, real estate agents in Shelby Township, and real estate agents in Chesterfield help buyers identify opportunities early and submit competitive offers with confidence.

The firm’s digital-first strategy also strengthens its presence as Top Realtors in Macomb Twp and Shelby Township, and experienced real estate agents across Chesterfield and surrounding communities. Through refined online campaigns and market education, Knybel Network aims to generate higher-quality leads while ensuring clients receive timely, transparent communication throughout the process.

Unlike high-volume brokerages, Knybel Network maintains a client-focused model that prioritizes outcomes over transactions. Each client receives hands-on support, whether they are first-time buyers, relocating families, or longtime homeowners evaluating the right time to sell. This approach has positioned the team as a go-to resource for those seeking top real estate agents who understand the Southeast Michigan market.

The growth campaign reflects Knybel Network’s broader vision to raise the standard of real estate service in the region, combining technology, local expertise, and personal accountability to deliver consistent results. As market conditions continue to evolve, the team remains focused on adaptability, education, and measurable performance for every client served.

Homeowners and buyers interested in learning more about current market opportunities, requesting a free home valuation, or connecting with a local expert can visit https://www.knybelnetwork.com/ for additional information.

Whether you are PCSing to Selfridge Air National Guard Base, navigating a military relocation, or simply moving to Metro Detroit, the Knybel Network is your primary resource for Southeast Michigan real estate education. Their specialized YouTube series provides a boots-on-the-ground look at living in Macomb, Oakland, and Wayne Counties, offering essential tips for first-time home buyers, real estate investors, and empty nesters downsizing or retiring in Michigan. If you’ve been frustrated by a stagnant listing and are wondering “why isn’t my home selling?”, the channel breaks down critical market data, home staging secrets, and curb appeal hacks to get your property sold fast. From Harrison Township off-base housing to luxury listings in Rochester Hills, the Knybel Network bridges the gap between searching for a house and finding a home. 

Watch the latest Metro Detroit market updates and subscribe to the Knybel Network YouTube Channel here.

About Knybel Network – Real Estate
Knybel Network is a Michigan-based real estate team serving Macomb, Oakland, St. Clair, and Sanilac Counties. Known for its modern marketing strategies, strong local expertise, and client-first approach, the team helps buyers and sellers achieve fast, confident, and profitable real estate outcomes in today’s dynamic housing market.

Contact Information:
Company Name: Knybel Network – Real Estate
Contact Name: Brett Knybel
Email: Office@KnybelNetwork.com

Website: https://www.knybelnetwork.com/

YouTube: https://www.YouTube.com/@KnybelNetwork 
 

Media Contact

Organization: Knybel Network – Real Estate

Contact Person: Brett Knybel

Website: https://www.knybelnetwork.com/

Email: Send Email

Country:United States

Release id:40543

The post Knybel Network Launches Focused Growth Campaign to Help Southeast Michigan Buyers and Homeowners Win in a Competitive Housing Market 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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Karviva Selected to Meet with Costco Wholesale Southern California Merchants at Upcoming Local Summit

Published

7 hours ago

on

January 24, 2026

By

Saint Louis, Missouri, United States, 24th Jan 2026 – Karviva, the award-winning functional beverage company founded by medical scientist Dr. Angela Zeng, announced that it has been selected to advance and meet with Costco Wholesale Southern California merchants as part of the upcoming Southern California Local Summit. Karviva is among 62 brands chosen for the program, which recognizes companies demonstrating innovation, retail readiness, and relevance to Southern California shoppers.

The Southern California Local Summit provides selected brands the opportunity to engage directly with Costco merchants. Last year’s summit resulted in 31 participating brands securing placement in Southern California Costco warehouses. This year’s class is positioned for even greater impact, with in-person meetings scheduled to take place in February 2026.

Karviva’s selection reflects continued momentum within the functional beverage category and growing interest from major retailers nationwide. The brand’s plant-based, science-backed formulations have gained traction with consumers seeking clean energy, hydration, and wellness support without artificial ingredients.

This recognition follows several recent retail expansions for Karviva. 

Dr. Angela Zeng shared that being selected for the Costco Southern California Local Summit represents a significant milestone for the brand. She noted that the opportunity to meet directly with Costco merchants comes at a time of strong retail momentum for Karviva.

Karviva’s beverages are developed using whole plant ingredients and guided by Dr. Zeng’s background in medical science, evidence-based nutritional science, and traditional wellness philosophies. The brand continues to gain recognition for its transparent formulations and focus on functionality that aligns with evolving consumer expectations.

With expanding retail presence on both coasts and upcoming meetings with Costco Wholesale merchants, Karviva enters 2026 positioned for continued growth and broader national distribution.

About Karviva

Karviva is a functional beverage brand founded by nutritional scientist Dr. Angela Zeng. The company blends modern medical and nutritional research with traditional wellness practices to create clean, plant-based drinks that support energy, hydration, skin health, and overall well-being. Karviva’s products are made without artificial additives and are designed to fit naturally into everyday routines. The brand is available through major retailers and direct-to-consumer channels nationwide.

Media Contact

Organization: Karviva

Contact Person: Dr. Angela Zeng

Website: https://karviva.com/

Email:
angela@karviva.com

City: Saint Louis

State: Missouri

Country:United States

Release id:40530

The post Karviva Selected to Meet with Costco Wholesale Southern California Merchants at Upcoming Local Summit 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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