Glory Star Acquires Business License and Permit for Cross-Border E-Commerce, Plans to Expand CHEERS e-Mall Platform Services
Glory Star New Media Group Holdings Limited - Ordinary Share (GSMG)
Company Research
Source: PR Newswire
BEIJING, Sept. 13, 2021 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced that it has received its business license and permit to operate a cross-border e-commerce business. The Company has received approvals from the Ministry of Commerce of the People's Republic of China (the "PRC Ministry of Commerce") to engage in foreign trade operations, and from the General Administration of Customs of the People's Republic of China (the "PRC Customs") to be a consignee of imported goods and consignor of exported goods. Glory Star plans to utilize its new business license and permit to develop a new cross-border e-commerce business and to further expand and promote its CHEERS e-Mall platform services to importers, exporters, and businesses outside of China. Glory Star's expansion into cross-border e-commerce is aligned with government objectiv
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