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Here is why Glory Star New Media Group Holdings Ltd (GSMG) Stock rallied on Tuesday, March 23, 2021

Glory Star New Media Group Holdings Ltd (GSMG) Stock soared on Tuesday, March 23, 2021, after GSMG stock set dates to release its financial results. The GSMS stock gained


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Scheduling the Fnancial results announcement

On March 23, 2021, GSMG said that it plans to release its financial results for the full year of 2020 after the U.S. market closes on Monday, March 29, 2021. A conference call will be on Monday, March 29, 2021, at 9:00 P.M. U.S. Eastern Time.

Strategic agreement with E-Surfing Media

On March 16, 2021, Glory Star New Media Groupsigned a strategic cooperation agreement with E-Surfing Media. The partnership is about to develop new Augmented reality intelligence solutions for the users ofboth companies.

Annual agreement with Youzhuju

On March 9, 2021, GSMS signed anannual content cooperation agreement with Youzhuju, which is a wholly-owned subsidiary of ByteDance Ltd. According to the agreement, Youzhuju will providereal-time graphics and video content to the Glory StarCHEERS video platform. Both companies will develop and deploy software development kits and application program interfaces.

About GSMG

Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China.  GSMG stock was established in 2016 and providespremium lifestyle content, including short videos, online variety shows, online dramas, live streaming. GSMG stock has become a leading online digital media and entertainment company in China, with a strong track record both in terms of viewership and production capabilities.

Conclusion: Investors are betting on a good financial results announcement on March 29 and that’s maybe the reason behind the recent surge of GSMS stock.

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