WhyGSMG
Ø GSMG is an Undervalued NASDAQ that just Announced137.5 Million in New Service contracts signed already in Q1 this year
Ø GSMG Beat the Street recently with 88% Revenue Growthand proves they are a Media Giant.
Ø GSMG has Partnered with the Largest Tech and E-CommerceCompanies on the Planet such as ByteDance, E-Surfing Media, JD.com, ChinaMobile & China Telecom, GSMG is becoming a Media Giant
And Now TODAY:
GloryStar New Media Group Holdings Limited (NASDAQ: GSMG) a leading mobile andonline digital media and entertainment company in China, today announced thatit has signed a letter of intent to acquire YMT Holding Limited (“YMT”), aleading integrated cross-border e-commerce platform in China. Under the termsof the agreement, Glory Star will issue restricted shares to acquire 100% ofYMT. Upon merger closing, YMT will become a wholly owned subsidiary of GloryStar. The combined company will become a Global leader in globalizedcontent-driven e-commerce, with a user base of more than 300 million people.Established in 2010 in China, YMT provides an independent cross-bordere-commerce platform with over 100 million registered users in 88 countries, andover 800 thousand online products available for sale every day. YMT has builtits own international logistics service and created a global closed-loope-commerce and logistics system. YMT delivers XX packages a day on average andtheir XX employees manage the network in established logistics centers locatedin 13 metropolitan cities around the world, including New York, San Francisco,Los Angeles, London, Paris, Frankfurt, and Sydney. YMT has raised over US$100million of capital from well-known institutions including Sina, SAIF Asia,Sailing Capital and China Merchants Capital. In 2020, it was named as one ofthe Hurun Global Unicorns.
Mr. Bing Zhang, Founder and Chief ExecutiveOfficer of Glory Star, commented, “There is substantial synergy between GloryStar and YMT. Glory Star is strong in creating high-quality lifestyle contentthrough its short video and interactive live-streaming platform. We can helpYMT to efficiently acquire more high-quality customers and improve userstickiness. At the same time, YMT can provide CHEER e-Mall and other Glory Starsubsidiaries with efficient global supply chain management and easy access tohigh-quality and globally sourced consumer goods. Together, we can build anindustry-leading platform integrating live streaming with ecommerce. We candevelop more key opinion leaders (KOLs) and accelerate our e-commerce growth.The proposed merger between Glory Star and YMT should bring greater value andreturns to the shareholders of both parties.” About Glory Star New Media Group HoldingsLimited Glory Star New Media Group Holdings Limited is a leading mobileentertainment operator in China. Glory Star's ability to integrate premiumlifestyle 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 pursueits mission of enriching people's lives. The Company's large and active userbase creates valuable engagement opportunities with consumers and enhancesplatform stickiness with thousands of domestic and international brands.
About Glory Star NewMedia Group Holdings Limited
GloryStar New Media Group Holdings Limited is a leading mobile entertainmentoperator in China. Glory Star's ability to integrate premium lifestylecontent, including short videos, online variety shows, online dramas,live streaming, its Cheers lifestyle video series, e-Mall, and mobileapp, along with innovative e-commerce offerings on its platform enablesit to pursue its mission of enriching people's lives. The Company's large andactive user base creates valuable engagement opportunities with consumersand enhances platform stickiness with thousands of domestic andinternational brands.
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