Dongxing

Glory Star Announces Research Coverage Initiated by Dongxing Securities, With US$6.05 Price Target

Retrieved on: 
Tuesday, July 27, 2021
Companies, China Orient Asset Management, Dongxing Securities, Glory, Dongxing, Star India, Finance

BEIJING, July 27, 2021 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced that Dongxing Securities (Hong Kong) has initiated research coverage of Glory Star with price to sales ratio (TTM) of 2.21, a corresponding price target of US$6.05 per share, and a rational valuation of US$409 million.

Key Points: 
  • BEIJING, July 27, 2021 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced that Dongxing Securities (Hong Kong) has initiated research coverage of Glory Star with price to sales ratio (TTM) of 2.21, a corresponding price target of US$6.05 per share, and a rational valuation of US$409 million.
  • Please note that any opinions, estimates, or forecasts regarding the performance of Glory Star and its management made by Dongxing Securities are theirs alone and do not represent the opinions, estimates, or forecasts of Glory Star or its management.
  • Glory Star does not by this announcement or otherwise imply that the Company analyzes or approves of such information, conclusions, or recommendations.
  • Glory Star New Media Group Holdings Limited is a leading digital media platform and content-driven e-commerce company in China.

Suning Retail Cloud empowers rural business merchants at China-Vietnam border

Retrieved on: 
Thursday, July 22, 2021
Dongxing, Suning, Cloud computing, Retail

That's why Liao Quanxing and Tang Danfeng, a local married couple, started their own businesses under Suning's Retail Cloud strategy last year.

Key Points: 
  • That's why Liao Quanxing and Tang Danfeng, a local married couple, started their own businesses under Suning's Retail Cloud strategy last year.
  • In May 2020, Liao and his wife Tang, who is of Chinese and Vietnamese descent and speaks native Vietnamese, decided to open the first Suning Retail Cloud store in Dongxing.
  • Given the success of their first Suning Retail Cloud store, the couple quickly decided to open a second store the next month still in Dongxing.
  • Suning will strengthen its services in four key sectors namely smart manufacturing, rural revitalization, micro and small business startups and development of dual circulation.