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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

AquaChain Advances Its Web3 Vision for Verifiable AI Infrastructure Ahead of AQUA’s Upcoming Listing

Published

3 hours ago

on

August 14, 2026

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The emerging Web3 infrastructure initiative outlines an incentive-driven model connecting verified cooling performance with Efficiency Credits and the future utility envisioned for AQUA.

Cayman Islands, 14th August 2026, AquaChain is advancing its vision for an incentive-driven Web3 ecosystem designed to connect verifiable liquid-cooling performance with digital participation across AI data centers and semiconductor facilities, as $AQUA prepares for an upcoming exchange listing.

At the foundation of the proposed ecosystem is AquaChain’s verification framework, which is being developed to transform cooling-performance metrics into provable digital evidence. The project combines IoT telemetry, cryptographic verification, and blockchain infrastructure with the aim of making real-world cooling efficiency more verifiable and auditable.

As AI workloads and advanced semiconductor manufacturing increase compute density, liquid cooling is becoming increasingly important to next-generation infrastructure. AquaChain is exploring how measurable cooling performance can become the foundation for a digital incentive economy tied to real-world infrastructure.

From Verified Performance to Efficiency Credits

The proposed first stage of AquaChain’s incentive model centers on Efficiency Credits, non-transferable points designed to recognize validated participation and measurable improvements in cooling performance.

Under the proposed framework, activities such as improving Water Usage Effectiveness (WUE), recovering waste heat, increasing water recycling, and maintaining reliable cooling operations can contribute to an operator’s Efficiency Score and associated rewards.

The approach is designed to establish measurable infrastructure performance and verification before progressively expanding the ecosystem’s digital incentive layer.

AquaChain’s longer-term roadmap also explores a marketplace where verified efficiency data could support green-compute commitments, waste-heat offtake and sustainability-related applications—creating potential economic value from infrastructure performance that is traditionally treated as an internal operational metric.

Building Toward $AQUA Utility

As the ecosystem develops, AQUA is designed as a utility-focused digital asset within AquaChain’s broader Web3 vision. The project’s roadmap envisions future utility across network incentives, verifier participation and staking, governance, and marketplace activity as the ecosystem develops.

This phased model is designed to connect trusted infrastructure data and verified real-world performance with digital incentives and broader ecosystem participation.

Creating an Efficiency Marketplace

AquaChain’s longer-term roadmap also explores an Efficiency Marketplace where verified infrastructure performance could support green-compute commitments, waste-heat offtake and sustainability-related applications.

Rather than placing sensitive operational telemetry directly on-chain, AquaChain’s proposed hybrid architecture keeps raw infrastructure data off-chain while allowing cryptographic proofs and efficiency information to be recorded on-chain.

Through this model, AquaChain aims to connect AI infrastructure, liquid cooling, IoT, blockchain and DePIN, creating an ecosystem where digital participation can be linked to measurable physical performance.

$AQUA Exchange Listing Ahead

As AquaChain continues developing its ecosystem, $AQUA is preparing for an upcoming exchange listing. Further details regarding the exchange, trading availability, and related announcements will be shared through AquaChain’s official channels.

The upcoming listing represents one element of AquaChain’s broader Web3 roadmap, while the project’s longer-term focus remains on building infrastructure that connects verifiable cooling efficiency with digital incentives and ecosystem participation.

About AquaChain

AquaChain is an emerging blockchain infrastructure initiative focused on making liquid-cooling efficiency verifiable, auditable, and economically meaningful across AI data centers and semiconductor facilities. Its proposed framework combines IoT telemetry, cryptographic verification, blockchain infrastructure and incentive mechanisms with the long-term vision of transforming cooling efficiency into a provable digital asset for the AI infrastructure economy.

Website: www.aqua-chain.com
Whitepaper: https://aqua-chain.com/whitepaper
Telegram: https://t.me/aquachain_official

 

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Press Release

MEXC’s August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100%

Published

6 hours ago

on

August 14, 2026

By

Mutsamudu, Comoros, August 14th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, has released its August 2026 Proof of Reserves (PoR) report, audited by Hacken, showing that reserve ratios for all major assets remained above 100%, with the BTC reserve ratio reaching 288%. This report reflects MEXC’s robust financial position and its continued commitment to safeguarding user assets.

Amid a broader wave of consolidation across the crypto exchange industry in 2026, MEXC continues to stand out by releasing monthly Proof of Reserves reports independently audited by Hacken, allowing users to verify at any time that their own assets are fully accounted for within the platform’s reserves.

According to the audited report, the BTC reserve ratio is 288%, covering 4,282.20 BTC in user assets. The USDT reserve ratio is 115%, covering 1,691,925,884.19 USDT in user holdings. The USDC reserve ratio is 114%, covering 170,998,567.28 USDC in user holdings. The ETH reserve ratio is 113%, covering 58,457.33 ETH in user holdings.

Beyond PoR, the MEXC Futures Insurance Fund — which reached 751 million USDT as of its latest disclosure — absorbs losses from liquidations triggered by extreme market conditions, helping ensure user positions are not improperly liquidated. The MEXC Guardian Fund is a dual-reserve structure combining USDT and BTC. It is planned to expand from $100 million to $500 million over the next two years. MEXC employs a multi-layered security framework designed to protect user assets across different levels of the platform. This includes AI-driven risk monitoring, regular security audits, and round-the-clock multilingual customer support.

MEXC will continue to disclose PoR monthly and further strengthen user asset protection measures to provide users with a secure and reliable trading environment.

To view the latest Proof of Reserves snapshot and audit report, please visit the MEXC Proof of Reserves page.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

Risk Disclaimer

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

Contact

MEXC PR team
media@mexc.com

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Press Release

Wolf Digitizing Helps Businesses Turn Artwork Into Production-Ready Embroidery Files

Published

8 hours ago

on

August 14, 2026

By

Wolf Digitizing provides professional embroidery digitizing and vector design services for businesses, apparel brands, embroidery shops, and individuals. The company offers fast turnaround, no minimum orders, major embroidery file formats, and custom solutions including logo digitizing, 3D puff, appliqué, patches, monograms, lettering, and vector artwork.

Florida, FL, United States, 14th Aug 2026 — Wolf Digitizing, a professional embroidery digitizing and vector design service provider, is helping businesses, apparel brands, embroidery shops, promotional-product companies, and individuals transform artwork and logos into production-ready embroidery files.

As custom embroidery continues to play an important role in branded apparel, uniforms, hats, patches, promotional products, and personalized merchandise, accurate digitizing is essential for achieving clean and consistent stitch-outs. Wolf Digitizing provides custom embroidery digitizing services designed to prepare artwork for machine embroidery while accounting for important production factors such as stitch type, density, underlay, stitch direction, sequencing, and thread changes.

Through its online service, customers can submit artwork and request professional digitizing for a wide range of applications. Wolf Digitizing offers services including logo digitizing, 3D puff embroidery digitizing, appliqué, patches and badges, monograms and lettering, as well as custom vector artwork.

The company supports commonly used embroidery file formats, including DST, PES, and EXP, helping customers receive files compatible with a variety of embroidery machines and production workflows.

Professional Digitizing for Different Embroidery Applications

Embroidery digitizing is more than simply converting an image into a machine file. A properly digitized design requires stitch planning based on the artwork, embroidery size, fabric, and intended application.

Wolf Digitizing works with customers on a variety of embroidery projects, including:

  • Logo Digitizing: Converting business logos and brand artwork into embroidery-ready files.
  • 3D Puff Digitizing: Preparing designs for raised and dimensional embroidery on products such as caps and apparel.
  • Appliqué Digitizing: Creating stitch-ready files for appliqué designs and textile applications.
  • Patch and Badge Digitizing: Preparing artwork for embroidered patches, badges, and similar products.
  • Monogram and Lettering Digitizing: Optimizing text and personalized designs for machine embroidery.
  • Vector Artwork: Creating or preparing clean vector artwork when the original design is not suitable for digitizing.

Fast Turnaround and Flexible Ordering

Wolf Digitizing is designed to support both individual projects and ongoing business requirements. The company offers fast turnaround options, including same-day and 24-hour service for eligible orders, and does not require a minimum order.

This flexibility can be particularly useful for embroidery shops, apparel businesses, promotional-product companies, and brands that need embroidery files prepared quickly for production.

Wolf Digitizing also provides revision support so customers can request adjustments to their digitized designs when needed.

Supporting Businesses With Online Embroidery Digitizing

By providing its services online, Wolf Digitizing allows customers to submit artwork remotely and receive professionally digitized embroidery files without needing to work with a local digitizing provider.

The service is suitable for businesses producing embroidered uniforms, branded apparel, hats, patches, bags, promotional merchandise, and other custom textile products.

About Wolf Digitizing

Wolf Digitizing is a professional embroidery digitizing and vector design service provider specializing in converting artwork into machine-ready embroidery files. Its services include logo digitizing, 3D puff embroidery, appliqué, patches and badges, monograms and lettering, and custom vector artwork.

For more information, visit https://wolfdigitizing.com/.

Media Contact:
Wolf Digitizing
Website: https://wolfdigitizing.com/
United States

Media Contact

Organization: Wolf Digitizing

Contact Person: Zach

Website: https://wolfdigitizing.com/

Email: Send Email

Contact Number: +12067382895

Address:19200 SW 116th Ave Miami, Florida

City: Florida

State: FL

Country:United States

Release id:48072

The post Wolf Digitizing Helps Businesses Turn Artwork Into Production-Ready Embroidery Files 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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