Glory Star to boost revenue with blockchain, AI technologies
Shares of Glory Star New Media Group, a Nasdaq-listed digital media platform and content provider in China, are expected to regain an upward momentum due to the company’s strong revenue growth and the use of blockchain and artificial intelligence (AI) technologies in its systems.According to a recent research report released by Dongxing Securities (Hong Kong), it is expected that Glory Star will achieve a 50% year-on-year revenue growth in 2021, compared with a 16.72% increase in 2019 and an 88.16% growth in 2020.Last year, the Beijing-based company’s advertising revenue surged 116% from 2019, representing 84.6% of the company’s total revenue. In this segment, the company will probably outpace its peers, which are expected to grow by 24% on average this year, thanks to its strategy of attr...