Glory Star New Media Group Holdings Ltd (GSMG)

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“We are delighted to see the fast growth of our e-commerce business. We have successfully built up over 15,000 SKUs and attracted more than 1,200 participant brands, including Apple, Sony, TCL, Dyson, Dior, Estee Lauder, P&G, Mengniu, and Yili, during the 6.18 shopping festival in 2020. Our ability to serve a differentiated group of users and our strategic focus on satisfying the needs of China’s younger demographic paid off during the 2020 6.18 shopping festival. We delivered outstanding GMV growth, boosted user shopping frequency, and ramped up the average price per order significantly. Also, the substantial enhancements we have made to the user interaction, production selection, and shopping experience of our CHEERS App have helped to boost our user loyalty, user time spent on our platform, and user shopping frequency," ommented Mr. Bing Zhang, Chairman and Chief Executive Officer of Glory Star $GSMG