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home / news releases / GSMG - Glory Star New Media Group provides operational updates

GSMG - Glory Star New Media Group provides operational updates

Glory Star New Media Group Holdings Limited
Glory Star New Media Group Holdings (NASDAQ:GSMG) has announced that as of Nov. 30, 2021, the total installed base of CHEERS ecosystem users reached 260M, a 54% increase Y/Y. Monthly Active Users from Jan. to Nov. 2021 was 44M users in average, a 20% increase Y/Y; further highlighting the wide-spread consumer adoption of the CHEERS app in China. The CHEERS e-mall had an installed base of over 11M with Nov. 2021 MAU of 3.4M users which equates to Gross Merchandise Value of over RMB2.5B, a 260% increase Y/Y. Additionally, the repurchase rate of users reached 35%. "We will leverage the strategic advantages of UGC to stimulate the vitality of the system to a greater extent, build a benign development ecosystem, and consolidate the core competitiveness of the Platform to well-position the Company for the future growth." said Bing Zhang, Chairman and CEO of Glory Star.

For further details see:

Glory Star New Media Group provides operational updates
Stock Information
Company Name: Glory Star New Media Group Holdings Limited
Stock Symbol: GSMG
Market: NASDAQ
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