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home / news releases / GSMG - Glory Star New Media signs cooperation agreement with Qingdao Ririshun

GSMG - Glory Star New Media signs cooperation agreement with Qingdao Ririshun

Glory Star New Media Group Holdings Limited
Glory Star New Media (GSMG) has signed a strategic cooperation agreement with Qingdao Ririshun Electrical Service the largest strategic business unit of Haier Group. Under the agreement, the Company will collaborate with Haier to develop a new "Home Life Service" channel and a one-stop-shop for home life solutions on its CHEERS e-Mall marketplace and further advance Haier's last mile customer services. By cooperating with Haier, the Company will introduce a fully integrated online suite of smart home life products and services on its CHEERS e-Mall marketplace. Pursuant to the pact, the Company will also advance Haier's last mile customer services and to achieve this the company's CHEERS e-Mall marketplace will help Haier to open online regional stores and distribute its online orders to the nearest offline Haier store.Shares are up 5.88% PM.

For further details see:

Glory Star New Media signs cooperation agreement with Qingdao Ririshun
Stock Information
Company Name: Glory Star New Media Group Holdings Limited
Stock Symbol: GSMG
Market: NASDAQ
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