Glory Star New Media (Nasdaq; GSMG) to Acquire Leading E-Commerce Co.

2024-04-28 01:57:07 Business

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GSMG is an Undervalued NASDAQ that just Announced 137.5 Million in New Service contracts signed already in Q1 this year
GSMG Beat the Street recently with 88% Revenue Growth and proves they are a Media Giant.
GSMG has Partnered with the Largest Tech and E-Commerce Companies on the Planet such as ByteDance, E-Surfing Media, JD.com, China Mobile & China Telecom, GSMG is becoming a Media Giant
And Now TODAY:

Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) a leading mobile and online digital media and entertainment company in China, today announced that it has signed a letter of intent to acquire YMT Holding Limited (?YMT?), a leading integrated cross-border e-commerce platform in China. Under the terms of the agreement, Glory Star will issue restricted shares to acquire 100% of YMT. Upon merger closing, YMT will become a wholly owned subsidiary of Glory Star. The combined company will become a Global leader in globalized content-driven e-commerce, with a user base of more than 300 million people. Established in 2010 in China, YMT provides an independent cross-border e-commerce platform with over 100 million registered users in 88 countries, and over 800 thousand online products available for sale every day. YMT has built its own international logistics service and created a global closed-loop e-commerce and logistics system. YMT delivers XX packages a day on average and their XX employees manage the network in established logistics centers located in 13 metropolitan cities around the world, including New York, San Francisco, Los Angeles, London, Paris, Frankfurt, and Sydney. YMT has raised over US$100 million of capital from well-known institutions including Sina, SAIF Asia, Sailing Capital and China Merchants Capital. In 2020, it was named as one of the Hurun Global Unicorns.
About Glory Star New Media Group Holdings Limited

For More Info: https://topnasdaq.com/

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