BEIJING, Feb. 9, 2021 /PRNewswire/ — Glory Star New Media Group Holdings Restricted (NASDAQ: GSMG) (“Glory Star” or the “Firm”), a number one cellular and on-line digital media and leisure firm in China, at present introduced that it has signed a strategic cooperation settlement (the “Settlement”) with International Digital Media & Leisure Co., Ltd. (“GTCOM Leisure”), a number one firm within the area of digital audio interface and laptop imaginative and prescient powered by synthetic intelligence (“AI”) know-how in China. The Firm’s choice to enter into the Settlement is consistent with the elevated market demand for brand spanking new consumption situations which are empowered by AI know-how and are anticipated to have large progress potentials. Pursuant to the Settlement, each events plan to additional discover the innovation of such digital consumption fashions that combine AI know-how into new consumption situations. Using speech recognition and different associated AI applied sciences, the Firm’s CHEERS video platform has developed a voice-centric social networking product, Cheer Chat, which is at present present process in depth testing.
In gentle of the rising market demand and consumption progress, Glory Star signed the Settlement with GTCOM Leisure to combine assets from each events. Underneath the Settlement, GTCOM Leisure will present to Glory Star entry to AI and sure laptop know-how. This cooperation with GTCOM Leisure will allow Glory Star to make the most of a number of main business applied sciences, together with pure language processing, huge information evaluation, and AI know-how, in order to offer improved providers for in a number of completely different use areas, equivalent to precision advertising, product identification evaluation, shopper identification evaluation, clever platform operations, promoting, unmanned retail, clever buyer providers, and extra.
By leveraging the comfort of cellular gadgets, cutting-edge applied sciences, and the 5G community, Glory Star will be capable of create extra modern consumption situations and extra personalised consumption experiences for it customers to proceed staying forward and aggressive within the digital market. Moreover, Glory Star will even be capable of use these applied sciences to repeatedly improve the core competitiveness of the Firm, CHEERS video platform, and CHEERS e-Mall platform within the digital financial system period.
GTCOM Leisure is a subsidiary of China Translation Company. As a number one firm within the area of AI in China, GTCOM Leisure is dedicated to its core values of globalization, copyright safety, and intelligentization. GTCOM Leisure has change into a number one and modern leisure know-how firm in China and stays dedicated to its mission of bringing leisure providers to extra folks’s lives by way of AI know-how.
With the institution of its digital financial system headquarters in Wuxi, the advance of its IT infrastructure, and the widespread penetration of its use instances, Glory Star will deploy an “AI integration” technique all through your complete business worth chain in addition to in on-line and offline enterprise codecs. Wanting forward, Glory Star plans to proceed empowering extra rising use instances, enhancing its customers’ consumption experiences, growing its platform conversion charges, and augmenting the momentum of its enlargement into new types of consumption enterprise layouts.
About Glory Star New Media Group Holdings Restricted
Glory Star New Media Group Holdings Restricted is a number one cellular leisure operator in China. Glory Star’s capacity to combine premium way of life content material, together with brief movies, on-line selection reveals, on-line dramas, dwell streaming, its Cheers way of life video sequence, e-Mall, and cellular app, together with modern e-commerce choices on its platform permits it to pursue its mission of enriching folks’s lives. The corporate’s massive and energetic consumer base creates priceless engagement alternatives with customers and enhances platform stickiness with 1000’s of home and worldwide manufacturers.
Secure Harbor Assertion
Sure statements made on this launch are “ahead trying statements” inside the that means of the “secure harbor” provisions of the US Personal Securities Litigation Reform Act of 1995. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “might,” “will,” “ought to,” “future,” “suggest” and variations of those phrases or comparable expressions (or the damaging variations of such phrases or expressions ) are meant to determine forward-looking statements. These forward-looking statements aren’t ensures of future efficiency, situations or outcomes, and contain a variety of recognized and unknown dangers, uncertainties, assumptions and different essential components, a lot of that are outdoors the Firm’s management, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Necessary components, amongst others, are: the power to handle progress; capacity to determine and combine different future acquisitions; capacity to acquire extra financing sooner or later to fund capital expenditures; fluctuations typically financial and enterprise situations; prices or different components adversely affecting our profitability; litigation involving patents, mental property, and different issues; potential adjustments within the legislative and regulatory atmosphere; a pandemic or epidemic; and different components listed within the Firm’s Annual Report on Kind 10-Okay for the yr ending December 31, 2019 and in different filings made by the Firm with the Securities and Change Fee occasionally. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by relevant legislation. Such info speaks solely as of the date of this launch.
Glory Star New Media Group Holdings Restricted
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