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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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Press Release

Tarotoo Launches Major Platform Update and Marks 5 Million Website Visitors

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1 hour ago

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January 25, 2026

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The interactive tarot reading platform, which has recorded more than 5 million website visitors since its launch in 2023, has made intentional upgrades to its features with the integration of next-generation AI interpretations, live Psychic Chat functionality, and improved access through its mobile applications.

Kyiv, Ukraine, 25th Jan 2026 – Tarotoo, an online tarot reading platform, today announced a platform-wide update that introduces new artificial intelligence–based features, expanded mobile functionality, and interface enhancements. The update is intended to improve accessibility and user experience across web and mobile environments.

The update includes AI-assisted tarot interpretations, refinements to the platform’s mobile applications, and performance improvements to its existing “Psychic Chat” feature. According to the company, the changes are designed to support users seeking digital tools for reflection and guided inquiry through tarot-based content.

Since its launch in 2023, the Tarotoo website has recorded more than 5 million visitors. The company stated that this level of traffic reflects sustained interest in digital tarot services and online self-reflection tools across international user bases.

Tarotoo was founded by Yaroslav Kyrychenko, a Ukrainian entrepreneur and software developer. The platform combines traditional tarot symbolism with software-based interpretation models, offering users automated readings based on established tarot meanings and structured card spreads.

“Tarotoo was developed to provide people with a digital option for engaging with tarot as a reflective practice,” said Yaroslav Kyrychenko, Founder and Owner of Tarotoo. “This update focuses on improving the clarity, consistency, and accessibility of the experience while maintaining alignment with traditional tarot frameworks.”

The platform provides free tarot readings using digitally animated cards inspired by the Rider–Waite system. Users can select from several spread formats, including General Tarot, Love Tarot, Yes/No Tarot, Daily Cards, and one-card or three-card layouts. The newly enhanced AI interpretation layer is designed to generate expanded contextual explanations while preserving conventional card meanings.

Tarotoo’s “Psychic Chat” feature has also been updated to improve response speed and topic coverage. The tool supports user queries related to tarot, astrology, numerology, mindfulness, dreams, and general personal development themes. The company stated that the feature is intended to function as a supplementary interpretive resource rather than a predictive service.

Mobile updates include interface refinements and responsiveness improvements across iOS and Android versions of the application. The visual presentation of tarot decks has also been updated, with additional animated card designs introduced as part of the release.

Tarotoo continues to operate under a no-registration policy and does not require users to create accounts to access readings. The platform remains available at no cost.

About Tarotoo

Tarotoo is an innovative interactive free tarot reading platform. Tarotoo is owned by entrepreneur Yaroslav Kyrychenko and based in Ukraine. While many people view tarot as a mystic dark science or strange secret thing for fortune telling, Tarotoo believes it is a fantastic tool for self-reflection and even entertainment.

For more information, please visit https://tarotoo.com/about.

Media Contact

Organization: Tarotoo

Contact Person: Yaroslav Kyrychenko

Website: https://tarotoo.com/

Email:
hello@tarotoo.com

City: Kyiv

Country:Ukraine

Release id:40546

The post Tarotoo Launches Major Platform Update and Marks 5 Million Website Visitors 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

Xepeng Outlines Shared Responsibility Model with Merchants

Published

10 hours ago

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January 25, 2026

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The platform outlines how roles are clearly divided between merchants and Xepeng to support compliant, traceable conversion-based transactions.

Bali, Indonesia, January 25, 2026 — Xepeng today detailed its shared responsibility model for conversion-based payments, clarifying which duties rest with merchants and which are managed centrally by the platform to ensure transaction clarity, auditability and operational predictability.

As cross-border digital payment flows expand, ambiguity about who verifies identity, maintains records, or responds to disputes can slow merchant onboarding and increase operational risk. Xepeng’s framework addresses these challenges by defining responsibility boundaries that align with existing business practices and support traceable Rupiah settlements.

“Clear responsibility boundaries are essential for trust,” said Budi Satrya, CMO of Xepeng. “Merchants should know exactly what is expected of them, and platforms and regulators should be able to follow a verifiable trail for every transaction. Our model makes those responsibilities explicit and practical.”

Practical split of duties

Xepeng’s model divides responsibilities into three practical domains: merchant responsibilities (commercial & evidentiary), Xepeng responsibilities (verification, conversion & settlement), and shared duties (communication, dispute escalation and record retention).

Merchant responsibilities (commercial & evidentiary)

  • Issue and retain invoices, booking confirmations or order references that document the underlying sale or service.
  • Provide requested commercial evidence when disputes arise or when required for reconciliation and tax reporting.

Xepeng responsibilities (verification, conversion & settlement)

  • Execute customer identity verification and AML/KYC screening prior to conversion.
  • Run platform-level transaction monitoring and risk escalation procedures.
  • Perform conversion of validated digital-origin value and settle net proceeds in Indonesian Rupiah (IDR) to the merchant’s registered bank account.
  • Supply reconciliation-ready artifacts (transaction reference, timestamps, conversion-window metadata, and settled IDR amounts) suitable for bookkeeping and audits.

Shared duties (communication & dispute handling)

  • Maintain documented channels and timelines for dispute escalation and evidence exchange.
  • Preserve transaction records and verification logs for audit or lawful requests, consistent with Xepeng’s retention principles.

Why the model matters

For international partners and marketplaces, the framework creates a predictable integration point: external systems can route payments to an endpoint that reliably provides local-currency outcomes and traceable records, reducing onboarding friction and integration risk.

By approaching a shared responsibility model, Xepeng reduces operational burden for merchants while ensuring controls are applied consistently at the platform level. This separation helps merchants preserve familiar accounting and tax workflows (e.g. generate a payment link, attach a commercial reference, and reconcile a Rupiah settlement) without the need to manage digital assets, wallets, or token accounting.

Xepeng aims to promote transparency and reinforce confidence in conversion-based payment models. The framework reflects a compliance-first philosophy, ensuring that innovation in digital payments is matched by clear governance and accountability.

Merchants and potential partners seeking further details on Xepeng’s framework or integration requirements can visit www.xepeng.com or contact hello@xepeng.com.

About Xepeng

Xepeng is a platform that enables Indonesian merchants to receive Rupiah settlements from international digital payment sources. The platform emphasizes verification, traceability and merchant-friendly workflows while handling conversion and settlement mechanics on the backend.

Media Contact

Organization: Xepeng

Contact Person: Budi Satrya

Website: https://xepeng.com/

Email: Send Email

Contact Number: +6287862024247

Address:Jl. Cut Nyak Dien No.1, Renon

Address 2: Denpasar Selatan, Bali

City: Denpasar

State: Bali

Country:Indonesia

Release id:40561

Disclaimer: The information provided is for general informational purposes only and should not be relied upon as legal, compliance, or tax advice. Parties should consult their own advisors regarding applicable requirements.

The post Xepeng Outlines Shared Responsibility Model with Merchants 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

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

Published

1 day 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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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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