GSMG via YMT will Service 88 Countries with 100 Million Registered Users that will add Many Employees to GSMG
GSMG is an Undervalued NASDAQ that just Announced 137.5 Million in New Service contracts signed already in Q1 this year
GSMG Beat the Street recently with 88% Revenue Growth and proves they are a Media Giant.
GSMG has Partnered with the Largest Tech and E-Commerce Companies on the Planet such as ByteDance, E-Surfing Media, JD.com, China Mobile & China Telecom, GSMG is becoming a Media Giant
And Now TODAY:
Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) a leading mobile and online digital media and entertainment company in China, today announced that it has signed a letter of intent to acquire YMT Holding Limited (“YMT”), a leading integrated cross-border e-commerce platform in China. Under the terms of the agreement, Glory Star will issue restricted shares to acquire 100% of YMT. Upon merger closing, YMT will become a wholly owned subsidiary of Glory Star. The combined company will become a Global leader in globalized content-driven e-commerce, with a user base of more than 300 million people. Established in 2010 in China, YMT provides an independent cross-border e-commerce platform with over 100 million registered users in 88 countries, and over 800 thousand online products available for sale every day. YMT has built its own international logistics service and created a global closed-loop e-commerce and logistics system. YMT delivers XX packages a day on average and their XX employees manage the network in established logistics centers located in 13 metropolitan cities around the world, including New York, San Francisco, Los Angeles, London, Paris, Frankfurt, and Sydney. YMT has raised over US$100 million of capital from well-known institutions including Sina, SAIF Asia, Sailing Capital and China Merchants Capital. In 2020, it was named as one of the Hurun Global Unicorns.
Mr. Bing Zhang, Founder and Chief Executive Officer of Glory Star, commented, “There is substantial synergy between Glory Star and YMT. Glory Star is strong in creating high-quality lifestyle content through its short video and interactive live-streaming platform. We can help YMT to efficiently acquire more high-quality customers and improve user stickiness. At the same time, YMT can provide CHEER e-Mall and other Glory Star subsidiaries with efficient global supply chain management and easy access to high-quality and globally sourced consumer goods. Together, we can build an industry-leading platform integrating live streaming with ecommerce. We can develop more key opinion leaders (KOLs) and accelerate our e-commerce growth. The proposed merger between Glory Star and YMT should bring greater value and returns to the shareholders of both parties.” About Glory Star New Media Group Holdings Limited Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star’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. The Company’s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.
About Glory Star New Media Group Holdings Limited
Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star’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. The Company’s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.
For More Info: WWW.TOPNASDAQ.COM
FrontPageStocks/CorporateAds.com (CA) is a third-party publisher and news dissemination service provider. FPS/CA is NOT affiliated in any manner with any company mentioned herein. FPS/CA is news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FPS/CA’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release or opinion of the writer. FPS/ CA is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FPS/CA has been compensated $1,000 for the dissemination of this Article.
These news releases and postings may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Company Name: Glory Star New Media Group Holdings Limited
Contact Person: Bing Zhang, Chairman and CEO
Email: Send Email
Phone: +86 (0) 10 8770-0500
Address:NO. 8 TUOFANGYING SOUTH ROAD 22ND FLOOR, BLOCK B, XINHUA TECHNOLOGY BUILDING
City: BEIJING, 100016