Press Release

Glory Star to boost revenue with blockchain, AI technologies

Published

3 years ago

July 29, 2021

Shares of Glory Star New Media Group, a Nasdaq-listed digital media platform and content provider in China, are expected to regain an upward momentum due to the company’s strong revenue growth and the use of blockchain and artificial intelligence (AI) technologies in its systems.

According to a recent research report released by Dongxing Securities (Hong Kong), it is expected that Glory Star will achieve a 50% year-on-year revenue growth in 2021, compared with a 16.72% increase in 2019 and an 88.16% growth in 2020.

Last year, the Beijing-based company’s advertising revenue surged 116% from 2019, representing 84.6% of the company’s total revenue. In this segment, the company will probably outpace its peers, which are expected to grow by 24% on average this year, thanks to its strategy of attracting users with high-quality video content, said the report.

Dongxing Securities has initiated research coverage of Glory Star with price-to-sales ratio of 2.21, a corresponding price target of US$6.05 per share, and a rational valuation of US$409 million for the next 12 months.

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 signature lifestyle video series, namely Cheers, in 2017 and its Cheers App, in 2018 to integrate e-commerce services with professionally generated content (PGC).

During the first quarter of this year, the number of downloads for the Cheers App exceeded 192 million while the number of daily active users reached 7.1 million. The number of stock keeping units (SKUs) on its Cheers e-Mall platform amounted to 36,887 with a gross merchandise value of 432 million yuan (US$66.35 million).

On May 6, 2021, the company announced that it had separated the operation of its Cheers e-Mall from its Cheers App and that it would operate the e-Mall platform independently going forward.

Dongxing Securities expected that sales on Cheers e-Mall would double this year from 2020, given that the overall PGC e-commerce markets would achieve a compound annual growth rate of 32.5% between 2020 and 2024. It said Cheers e-Mall and Cheers App had become the two strongest growth engines of Glory Star.

The brokerage firm added that Glory Star had explored many new ways to monetise its online traffic by forming partnerships with internet giants including Alibaba, JD.com, iFlytek and ByteDance and extending to new areas such as AI speech recognition, augmented reality, mobile payment and new energy vehicles. It said these synergies would continue to help boost the value of the company’s online traffic.

Univest Securities has also initiated research coverage of Glory Star with a “buy” rating and US$6.5 price target. It said the company’s new approach to the e-commerce sector and production of high-quality video content would help it realise outsized earnings in the coming few years.

“We do not agree with the current valuation which implies that Glory Star is trading at only 0.9 times 2021 sales multiples versus the peer group target of 3.5 times,” James Jang, Director of Research at Univest Securities. “The company has a demonstrated track record of top-line growth and profitability and its novel approach to the e-commerce segment should allow it to monetise additional assets, such as gaming, to realise greater market share.”

Univest Securities said Glory Star was currently operating under a new model by offering interactive live streaming events to push sales while such model would help boost the return of investment (ROI) for the company’s partners. It added that the company’s professionally scripted and produced programs would give viewers a better sense of security around the target merchandise.

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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

Opening of the Blawraq Digital Books and Stories Store

Published

9 minutes ago

December 4, 2024

Cloud PR Wire

Blawraq Digital Books & Stories Store

Saudi Arabia, 29th Nov 2024, Grand Newswire –

The News Shop Group has announced the launch of the Top Shop Forum, a comprehensive platform that combines creativity and professionalism to meet the needs of users and website owners alike. The forum offers a rich and diverse experience through its many sections and features.

What Does the Top Shop Forum Offer?

Top Shop Forum is not just an ordinary forum; it’s a dynamic community offering:

Exclusive news and articles covering the latest updates.

A comprehensive directory of websites for easy access to the best resources.

Educational and interactive discussions among members.

Specialized training courses in websites development and design

Directory Top Shop Websites Advertising

Consultation Technology, technology and general information

The forum stands out by offering free consultations, including:

Search Engine Optimization (SEO) to improve website rankings.

Modern website development techniques.

Professional online store creation.

Network research and design solutions.

Opening of the Blawraq Digital Books and Stories Store

In addition to the Blooraq store for books, digital stories and electronic novels, some of which are read and downloaded.

A Comprehensive Platform for All Creatives

Whether you’re a website owner, a designer, or just starting out in the tech field, Top Shop Forum is the perfect place for you. It combines expertise and creativity in one space, becoming a hub for everyone looking to develop and learn.

News Shop Group also provides an e-book store, some of which are download

News shop Topshop Forum website open

For more details:

Executive Director KHALED ALRAWAELI Instagram account @smart7line

Top Shop Forum

https://ross.ahlamontada.com

Book and novels detective bla wrq

https://caka.odoo.com

Media Contact

Organization: Paperless

Contact
Person: News shop

Website:

Home

Email:

News@smart7line.net

Address:Saudi Arabia

Address 2: Saudi Arabia

City: Dammam

Country:Saudi Arabia

The post Opening of the Blawraq Digital Books and Stories Store appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.

About Author

Cloud PR Wire

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Press Release

Asociatia Fureverhome, Dubbed as the Happiest Cat Sanctuary, Seeks Assistance to Care for 350+ Rescued Cats

Published

9 minutes ago

December 4, 2024

Cloud PR Wire

Romania’s beloved cat sanctuary remains committed to providing a haven for rescued animals despite their ongoing struggles.

Asociatia Fureverhome, Dubbed as the Happiest Cat Sanctuary, Seeks Assistance to Care for 350+ Rescued Cats

Romania, 3rd Dec 2024, Grand Newswire – Asociatia FureverHome provides more than 350 rescued cats with a lifeline in the tiny Romanian town of Carei. This sanctuary, the biggest of its kind in the nation, is run by two committed siblings and provides homeless, injured, and abandoned cats with love, care, and refuge. However, beneath the sanctuary’s optimism and friendliness is a desperate call for assistance to deal with the growing difficulties of managing such a sizable business.

The founders of the refuge deal with a daily stream of sick and injured animals, skyrocketing veterinary bills, and the ongoing challenge of supplying food and medication. The need is significantly greater than their resources despite their unwavering dedication. They are now urging animal lovers and kindhearted people everywhere to contribute to the sanctuary’s continued success.

According to Remus Gall, co-founder of Asociatia FureverHome, “Our goal is to build a sustainable shelter, a suitable quarantine area, and an on-site veterinary clinic to care for homeless animals.” “Every cat here deserves a chance at life, but we need help to make that happen.”

A video that offers insight into the rescued cats’ lives and their caregivers’ extraordinary commitment highlights the sanctuary’s heartwarming tale. The movie highlights the urgent need for assistance while capturing the joy and hope these kitties offer the world.

The goal of Asociatia FureverHome extends beyond cat rescue.

They also aim to:

Construct a special quarantine facility to safeguard susceptible animals and provide secure medical care for ailments.
Create a veterinary clinic on the property to offer prompt medical attention and cut down on outside expenses.
Attain sustainability to guarantee the sanctuary’s ability to save and care for animals for many years to come.

“This sanctuary is more than just a refuge; it’s a promise of a second chance for animals who have suffered greatly,” Gall said. However, we cannot keep this pledge by ourselves. To make it a reality, we require the assistance of both individuals and organizations.

For more updates, follow Asociatia FureverHome’s journey on their YouTube channel and social media platforms.

Animal lovers and supporters are encouraged to:

Visit Asociatia FureverHome’s website to learn more about their mission.
Share their heartwarming video to raise awareness.
Donate through their website to directly support the rescued cats.

No matter how small, every contribution helps provide food, medicine, and shelter for the animals in their care and brings them closer to building a sustainable future for the sanctuary.

Watch “The Happiest Cat Sanctuary Ever by FureverHome Romania Cat Rescue” on YouTube: https://www.youtube.com/watch?v=mAfq-fnPXCQ

Media Contact

Organization: Asociatia FureverHome

Contact
Person: Remus Gall

Website:

https://www.fureverhome-romania.org/

Email:

fureverhome.romania@gmail.com

City: Carei

State: Jud Satu Mare

Country:Romania

The post Asociatia Fureverhome, Dubbed as the Happiest Cat Sanctuary, Seeks Assistance to Care for 350+ Rescued Cats appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.