Glory Star New Media Group Holdings Limited Announces Update on Its Content Partnership with JD.com
21 Maggio 2020 - 2:00PM
Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (the
“Company”), a leading mobile and online digital media and
entertainment company in China, today announced that it had resumed
content production, which was suspended due to the COVID-19
outbreak for JD.com Inc. (“JD”), one of China’s largest e-commerce
platforms. The Company previously entered into a content
collaboration framework agreement with JD, at the end of 2019.
As part of the partnership, the Company will
develop solutions to help JD fulfill their customers’ needs for
premium lifestyle-oriented online content, in the forms of text and
short-form videos.
The content production for JD.com is a great
addition to Glory Star’s premium digital client lists which
includes Tencent, Alibaba, Weibo, Iqiyi as well as traditional
consumer brand clients such as Starbucks, Pantene, Louis Vuitton,
Samsung and Sony etc.
“While the outbreak of COVID-19 has gradually
been brought under control, we are excited to resume our content
production in May as part of our partnerships with all of our
clients,” commented Mr. Bing Zhang, Chairman and Chief Executive
Officer of Glory Star. “In the past three years, we have leveraged
our industry-leading content production and content marketing
capabilities to serve consumer brands both at home and abroad.
Through our collaboration, our premium content will help JD better
serve its massive customer base by establishing a complete content
service ecosystem. As we actively explore additional collaboration
opportunities with JD for a long-term partnership, we are confident
that our partnership will serve as an important driver for our
growth and a success case for us to forge more strategic
partnerships going forward.”
About JD.com.JD.com is a
leading technology driven e-commerce company transforming to become
the leading supply chain-based technology and service provider. The
company’s cutting-edge retail infrastructure seeks to enable
consumers to buy whatever they want, whenever and wherever they
want it. The company has opened its technology and infrastructure
to partners, brands and other sectors, as part of its Retail as a
Service offering to help drive productivity and innovation across a
range of industries. JD.com is the largest retailer in China, a
member of the NASDAQ100 and a Fortune Global 500 company.
About Glory Star New Media Group
Holdings LimitedGlory 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.
Safe Harbor StatementCertain
statements made in this release are “forward looking statements”
within the meaning of the “safe harbor” provisions of the United
States Private Securities Litigation Reform Act of 1995. When used
in this press release, the words “estimates,” “projected,”
“expects,” “anticipates,” “forecasts,” “plans,” “intends,”
“believes,” “seeks,” “may,” “will,” “should,” “future,” “propose”
and variations of these words or similar expressions (or the
negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company’s control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting our profitability; litigation involving
patents, intellectual property, and other matters; potential
changes in the legislative and regulatory environment; a pandemic
or epidemic; and other factors listed in the Company’s Annual
Report on Form 10-K for the year ending December 31, 2019 and in
other filings made by the Company with the Securities and Exchange
Commissiom from time to time.. The Company undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by applicable law. Such information speaks only as of the
date of this release.
ContactsICR Inc.Jack WangTel:
+1 (646) 308-0546Email: gsnm@icrinc.com
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