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Glory Star expected to further increase profitability

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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

New Generation of Crypto Miners Released by ASICID

Published

6 minutes ago

on

October 6, 2026

By

Hong Kong, Hong Kong, October 6th, 2026, Chainwire

ASICID Inc. has released its IDMINER Series, a new lineup of cryptocurrency mining systems designed for Bitcoin, Litecoin, and Dogecoin mining.

The series includes the IDMINER HomeRack, IDMINER 2 and IDMINER 1, with configurations ranging from 1,150 TH/s to 9,600 TH/s of Bitcoin hashrate and from 350 GH/s to 3,200 GH/s of Litecoin and Dogecoin hashrate.

The three models are designed for different mining setups, from individual and home miners to professional and larger-scale operators.

IDMINER Series Specifications

IDMINER HomeRack

  • Bitcoin hashrate: 9,600 TH/s
  • Litecoin/Dogecoin hashrate: 3,200 GH/s
  • Power configuration: 4 × 1,300W
  • Estimated monthly mining revenue: up to $25,590*

IDMINER 2

  • Bitcoin hashrate: 2,400 TH/s
  • Litecoin/Dogecoin hashrate: 800 GH/s
  • Power consumption: 1,300W
  • Estimated monthly mining revenue: up to $6,390*

IDMINER 1

  • Bitcoin hashrate: 1,150 TH/s
  • Litecoin/Dogecoin hashrate: 350 GH/s
  • Power consumption: 700W
  • Estimated monthly mining revenue: up to $2,790*

*The revenue figures are estimates based on network conditions, cryptocurrency prices, and mining difficulty at the time of publication.

Designed for Simpler Deployment

The IDMINER systems are delivered pre-configured and tested before shipment. Users can connect the miner to power, connect via WiFi or Ethernet, enter their preferred mining pool information, and begin mining.

The systems support major mining pools and also provide access to ASICID’s Zero-Fee Mining Pool option.

Other features include thermal management and hardware testing before shipment.

Built for Bitcoin, Litecoin and Dogecoin Mining

ASICID develops and manufactures its mining hardware through an integrated production process that includes research and development, hardware engineering, assembly, thermal testing, and quality assurance.

The company is headquartered in Hong Kong with additional operations in the United States and serves individual miners, professional mining businesses, and institutional operators.

With the IDMINER Series, ASICID is targeting miners looking for high-hashrate hardware with straightforward deployment and power requirements suited to ongoing mining operations.

For more information about the IDMINER Series, users can visit www.asicid.com.

Contact

Peter Lam
media@asicid.com

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Press Release

Vstock Transfer Names Securities Industry Veteran Erica Goodstein General Counsel and Chief Compliance Officer

Published

6 minutes ago

on

October 6, 2026

By

New York, USA, October 6th, 2026, FinanceWire

Vstock Transfer today announced that Erica Goodstein, a veteran securities attorney with over 26 years of experience, has joined the firm as General Counsel and Chief Compliance Officer. Erica joins Vstock Transfer after more than a decade as Assistant General Counsel at Equiniti and American Stock Transfer & Trust Company, LLC where she served as a lead attorney supporting the company’s legal and regulatory functions, advising executive leadership and the board on corporate strategy and risk management. Earlier in her career, she spent nearly 14 years as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, handling complex domestic and international commercial litigation and related matters spanning securities, intellectual property, bankruptcy, real estate, and corporate takeover disputes.

“Erica’s experience speaks for itself and having her lead our legal and compliance function reflects exactly where Vstock Transfer is headed,” said Seth Farbman, Chairman and Co-Founder of Vstock Transfer.

“Erica joins us at a pivotal moment,” said Yoel Goldfeder, CEO of Vstock Transfer. “While her experience will be valuable in our existing services, including SPAC and de SPAC transaction services, proxy solicitation, and annual meeting services for the issuers we serve, Erica’s background will also help us expand well beyond core transfer agency work with AI, blockchain and related corporate services. Having someone with her background gives our clients, and prospective clients, real confidence in the governance behind that growth.”

“What drew me to Vstock Transfer is the momentum,” said Goodstein. “The caliber of companies coming to this firm and the scope of services being rolled out reflect a firm that, even after fifteen years, is scaling deliberately. I am looking forward to building on the legal and compliance foundation and roadmap to match that growth.”

About Vstock Transfer

Vstock Transfer is an SEC-registered stock transfer agent providing transfer agency and corporate action services to public companies on Nasdaq, NYSE, and the OTC markets. Services include DWAC and DRS processing, dividend distributions, proxy solicitation, annual meeting support, virtual meeting hosting, as well as SPAC and de-SPAC transaction services.

Contact

Chairman
Seth Farbman
Vstock Transfer
Seth@vstocktransfer.com

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Press Release

JetAlto Opens Dedicated Dubai to Maldives Private Jet Charter Route Ahead of Peak Season

Published

20 minutes ago

on

October 6, 2026

By

LONDON, 5 October 2026 – Private jet charter marketplace JetAlto has added a dedicated Dubai to Male route, connecting the UAE with the Maldives in under four hours as the islands approach their winter high season.The 2,965 km trip needs no fuel stop. A super-midsize jet such as the Challenger 350 or Citation Longitude completes it in about 3 hours 40 minutes. JetAlto suggests this class as the best-value option for groups of up to 10. Indicative one-way prices start at $32,000 for a midsize jet and reach $115,000 for ultra-long-range types like the Global 7500. Fuel, crew and handling are included. Nonstop flights from Dubai to Male in under four hours, with indicative one-way pricing from $32,000 and super-midsize jets named the best-value option for the crossing.

London, United Kingdom, 6th Oct 2026 – JetAlto, the independent private jet charter marketplace, has opened a dedicated Dubai to Male charter route. It gives travellers a direct link between the UAE and the Maldives just as the islands head into their busiest months of the year. The new route brings aircraft options, indicative prices and arrival planning for the Indian Ocean crossing together in one place, with quotes sourced from licensed third-party operators.

The 2,965 km (around 1,840 miles) flight runs nonstop in roughly 3 hours 40 minutes on a super-midsize jet, with no fuel stop required. Larger cabins trim the journey further: heavy jets cover it in about 3 hours 30 minutes and ultra-long-range aircraft in around 3 hours 20 minutes, while midsize jets take closer to 4 hours 10 minutes.

“Dubai has become the obvious jumping-off point for the Maldives, whether clients live in the Gulf or are connecting in from Europe and North America,” said a JetAlto spokesperson. “This route lets them see the real options before they enquire: which aircraft suits the group, what it costs, and how the timing works once they land in Male. The tricky part of a Maldives trip is usually the last leg to the resort, so we planned the route around that.”

Aircraft and indicative pricing

Four aircraft classes serve the route. One-way indicative prices include fuel, crew and handling:

  • Midsize (Praetor 500, Citation Latitude), up to 9 passengers: $32,000 to $42,000
  • Super-midsize (Challenger 350, Citation Longitude), up to 10 passengers: $42,000 to $58,000
  • Heavy (Falcon 2000LXS, Challenger 650, Gulfstream G450), up to 14 passengers: $58,000 to $82,000
  • Ultra-long-range (Global 7500, Gulfstream G650ER, Falcon 8X), up to 16 passengers: $85,000 to $115,000

Super-midsize is the recommended choice for most groups, balancing cabin space and cost. Ultra-long-range jets make sense for travellers planning to fly on to London, Zurich or New York after their resort stay. Final quotes can move by around 15 per cent depending on dates and aircraft availability.

Departures from DWC or DXB

Flights can depart from Al Maktoum International (DWC), where a 4,500 m runway makes it the standard pick for long-range departures at full fuel. FBOs there include DC Aviation Al-Futtaim, ExecuJet Middle East and Jetex. Dubai International (DXB), 12 km from Downtown.

Arrival in Male and resort transfers

At Velana International Airport (MLE), passengers clear customs and immigration in a private VIP terminal on the north side of Hulhulé island, typically in around ten minutes. The Maldives offers a free 30-day visa on arrival to every nationality holding a valid passport and confirmed accommodation.

Guests then continue to their resort in one of three ways:

  • by seaplane with Trans Maldivian Airways or Manta Air
  • by speedboat to the North and South Male atolls, which takes 20 to 60 minutes and runs around the clock
  • by domestic flight to the more remote atolls

Since seaplanes fly in daylight only, JetAlto advises landing before roughly 3:30 to 4:00 pm local time in winter to avoid an unplanned night in Male.

Planning for peak season

With high season approaching, JetAlto recommends booking early for Christmas, New Year and Chinese New Year. During those weeks aircraft parking at Male is limited, and some jets may need to reposition to Gan (GAN) or Colombo (CMB) after drop-off. Landing permits for foreign aircraft can take 48 to 72 hours to arrange in busy periods. For summer trips, Dubai temperatures above 45°C in July and August can cut takeoff performance, so early morning or post-sunset departures are preferred.

Instant estimates for Dubai to Male are available at jetalto.com with no email address needed, and the charter team can be reached 24/7 at vip@jetalto.com.

About JetAlto

JetAlto is an independent private jet charter marketplace that connects travellers with vetted, licensed operators worldwide. The platform provides instant price estimates and competitive quotes across midsize, super-midsize, heavy and ultra-long-range aircraft, serving clients across Europe and North America. JetAlto acts as a charter broker and does not operate aircraft itself.

Media contact: vip@jetalto.com
Website: jetalto.com

Sources: JetAlto – Dubai to Male Private Jet Charter

Media Contact

Organization: JetAlto.com

Contact Person: Dragomir I.

Website: https://jetalto.com/charter/dubai-male

Email: Send Email

City: London

Country: United Kingdom

Release id: 49670

The post JetAlto Opens Dedicated Dubai to Maldives Private Jet Charter Route Ahead of Peak Season 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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