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Glory Star expected to further increase profitability

Published

5 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

Best POS System Hong Kong 2026: Wonder Leads T plus 0 Settlement

Published

2 hours ago

on

April 2, 2026

By

Hong Kong S.A.R., 2nd Apr 2026 – Wonder, Hong Kong’s most advanced all-in-one FinTech platform, continues to lead the market in 2026 with its pioneering T+0 instant settlement.

Since launching T+0 settlement in September 2023, Wonder has processed several billions in T+0 gross merchandise volume and supported over 5,000 merchants with same-day access to funds — even on public holidays.

Leading with True T+0 Instant Settlement

Traditional payment platforms in Hong Kong usually take 2 to 3 days to settle funds. Wonder changes this by providing true T+0 instant settlement directly to merchants’ business accounts, giving businesses immediate access to their sales proceeds for inventory, payroll, suppliers and daily operations.

Key strengths of Wonder’s platform include:

  • Instant Settlement (T+0) — Funds settled on the same day, even on holidays
  • Wonder Terminal — The most powerful terminal for on-the-spot payments with same-day delivery option
  • 34+ Payment Methods — Full support for credit cards, Alipay, WeChat Pay, Octopus, FPS and more across in-store, online and mobile channels
  • Real-time Management — Complete visibility and control via the Wonder App and Wonder Dashboard
  • 7-minute digital onboarding — Fully digital e-KYC/KYB setup

Strong Partnership Backing

In March 2025, Wonder extended its partnership with Acorn Financial Services to expand T+0 instant settlement access for SMEs across Hong Kong and APAC. The platform also includes the premium Wonder Card for seamless business expense management.

About Wonder

Wonder is a leading payments and FinTech platform for businesses in Hong Kong and Asia, enabling any business to pay and get paid effortlessly. Our core products and services include offline and online payments acceptance, cards issuing, digital financial services and FinTech SaaS.
Dedicated to financial innovation, Wonder strives to bring disruptive financial products and services such as 7 minute onboarding, e-KYC, T+0 instant settlement, full-stack business accounts, same day terminal delivery, SME financing and more to all businesses across Asia, one at a time. For more information, visit https://wonder.app.

 

Media Contact

Organization: trustbanana

Contact Person: Sher

Website: https://moove.xyz

Email: Send Email

Country:Hong Kong S.A.R.

Release id:43510

The post Best POS System Hong Kong 2026: Wonder Leads T plus 0 Settlement 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

Best POS System Hong Kong 2026: Wonder Leads T plus 0 Settlement

Published

2 hours ago

on

April 2, 2026

By

Hong Kong S.A.R., 2nd Apr 2026 – Wonder, Hong Kong’s most advanced all-in-one FinTech platform, continues to lead the market in 2026 with its pioneering T+0 instant settlement.

Since launching T+0 settlement in September 2023, Wonder has processed several billions in T+0 gross merchandise volume and supported over 5,000 merchants with same-day access to funds — even on public holidays.

Leading with True T+0 Instant Settlement

Traditional payment platforms in Hong Kong usually take 2 to 3 days to settle funds. Wonder changes this by providing true T+0 instant settlement directly to merchants’ business accounts, giving businesses immediate access to their sales proceeds for inventory, payroll, suppliers and daily operations.

Key strengths of Wonder’s platform include:

  • Instant Settlement (T+0) — Funds settled on the same day, even on holidays
  • Wonder Terminal — The most powerful terminal for on-the-spot payments with same-day delivery option
  • 34+ Payment Methods — Full support for credit cards, Alipay, WeChat Pay, Octopus, FPS and more across in-store, online and mobile channels
  • Real-time Management — Complete visibility and control via the Wonder App and Wonder Dashboard
  • 7-minute digital onboarding — Fully digital e-KYC/KYB setup

Strong Partnership Backing

In March 2025, Wonder extended its partnership with Acorn Financial Services to expand T+0 instant settlement access for SMEs across Hong Kong and APAC. The platform also includes the premium Wonder Card for seamless business expense management.

About Wonder

Wonder is a leading payments and FinTech platform for businesses in Hong Kong and Asia, enabling any business to pay and get paid effortlessly. Our core products and services include offline and online payments acceptance, cards issuing, digital financial services and FinTech SaaS.
Dedicated to financial innovation, Wonder strives to bring disruptive financial products and services such as 7 minute onboarding, e-KYC, T+0 instant settlement, full-stack business accounts, same day terminal delivery, SME financing and more to all businesses across Asia, one at a time. For more information, visit https://wonder.app.

 

Media Contact

Organization: trustbanana

Contact Person: Sher

Website: https://moove.xyz

Email: Send Email

Country:Hong Kong S.A.R.

Release id:43510

The post Best POS System Hong Kong 2026: Wonder Leads T plus 0 Settlement 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

Sauna3DConfigurator.com Launches Interactive 3D Online Configurator for Custom Sauna Designs

Published

2 hours ago

on

April 2, 2026

By

United States, 2nd Apr 2026 – Sauna3DConfigurator, a leading provider of digital design solutions for the global sauna industry, has officially launched its innovative 3D custom product configurator, offering sauna manufacturers, retailers, and enthusiasts an unprecedented way to design, customize, and visualize saunas in real time. With this cutting-edge 3D online configurator, users can explore every detail of their sauna, from wood types and bench layouts to heaters, glass doors, and accessories, before a single board is cut.

The launch addresses a long-standing challenge in the custom sauna market: traditional brochures, PDFs, and static images often fail to convey the complexity of customizable options, leaving buyers hesitant and builders prone to misinterpretation. Sauna3DConfigurator’s interactive product configurator 3D eliminates this uncertainty by enabling users to see a photorealistic 3D model of their sauna instantly, ensuring every decision is informed, accurate, and visually confirmed.

“Our goal was to create a tool that empowers everyone involved in the sauna building process,” said the company spokesperson. “From manufacturers to homeowners, the 3D sauna configurator transforms static design into an engaging, real-time experience, reducing errors, saving time, and accelerating purchase decisions.”

Transforming the Sauna Industry

Sauna3DConfigurator has already been adopted in over 40 countries and has facilitated the creation of more than 1,200 unique sauna designs. The platform integrates advanced AI technology to enhance every configuration, recommendation, and output. Features include:

  • Modular Layout Builder: Drag, resize, and arrange sauna components with ease, without any design experience.
  • Dimension Precision Control: Input exact measurements to ensure a perfect fit in any space.
  • Accessory & Feature Add-ons: Add benches, heaters, lighting, and glass doors interactively.
  • Instant Quote Integration: Live pricing updates accelerate the sales cycle.
  • AR Preview: Visualize the configured sauna in the actual room using a smartphone.
  • Bill of Materials Export: Automatically generate a detailed materials list for construction.

The configurator also supports full e-commerce integration, connecting seamlessly to platforms like Shopify, Wix, and Salesforce, allowing businesses to provide quotes or enable direct purchases with a simple click.

Benefits for Businesses and Consumers

For manufacturers and retailers, the 3D product configurator streamlines communication with clients, reduces costly construction errors, and increases conversion rates. Custom builders and contractors can showcase designs interactively, eliminating miscommunication and scope creep. Architects and interior designers can export dimension plans directly to align with CAD drawings, integrating sauna projects into wider designs.

Homeowners and wellness enthusiasts benefit from the confidence that comes with visualizing their sauna before committing. Users can test dozens of wood finishes, layouts, and accessories risk-free, ensuring that the final product matches their vision exactly. Virtual walkthroughs, 360° views, and high-resolution renders make it easy to share designs with clients, builders, and stakeholders.

Built for the Future

Sauna3DConfigurator is powered by enterprise-grade AI and ISO-certified data governance, offering features such as semantic search, natural language processing, vector embeddings, and a recommendation engine. Every selection instantly updates the 3D model, pricing, and bill of materials, creating a truly intelligent 3D online configurator experience.

With a setup time of just 48 hours, unlimited revisions, and browser-based accessibility on desktop, tablet, and mobile, Sauna3DConfigurator makes creating a dream sauna simple, precise, and engaging.

For more information or to start designing your perfect sauna, visit https://www.sauna3dconfigurator.com/ today. Turn your catalog into an interactive, immersive experience and bring every sauna vision to life with the power of a 3D custom product configurator.

About Sauna3DConfigurator

Sauna3DConfigurator is a global leader in digital design solutions for the sauna industry, specializing in interactive 3D product configurators that empower manufacturers, retailers, builders, and homeowners to visualize and customize saunas with precision. Combining cutting-edge AI technology with enterprise-grade security, the platform delivers real-time 3D visualization, AR previews, automated quotes, and bill of materials exports. Trusted by sauna businesses in over 40 countries, Sauna3DConfigurator transforms the way custom saunas are designed, marketed, and sold, providing an innovative, efficient, and immersive experience for all stakeholders.

Media Contact

Organization: Sauna3DConfigurator

Contact Person: Support team

Website: https://www.sauna3dconfigurator.com/

Email: Send Email

Country:United States

Release id:43549

The post Sauna3DConfigurator.com Launches Interactive 3D Online Configurator for Custom Sauna Designs 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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