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Stock impact report

Glory Star Makes Strong Progress Implementing its Metaverse Retail Strategy as its CheerChat App Enters Next Phase of Testing

Glory Star New Media Group Holdings Limited - Ordinary Share (GSMG)  More Company Research Source: PR Newswire
PDF BEIJING, Oct. 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 CheerChat, its overseas social audio app has entered the next phase of testing. Glory Star is leveraging blockchain and augmented reality technologies ("AR") to incorporate user functions such as social networking, video on demand, and intelligent retail into the metaverse, a virtual world that is expected to create a new way of life and reshape the digital economy. Glory Star is at the forefront of the metaverse development and continues to invest in applying the latest technologies for its longer term retail strategy.Mr. Bing Zhang, Chairman and Chief Executive Officer of Glory Star, commented, "We will continue to develop Glory Star's presence in the metaverse and explore new underlying technologies to enhance our overall retail experience. By leveragin [Read more]
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