Core Viewpoint - Cheer Holding, Inc. has authorized a $50 million repurchase program for its Class A ordinary shares over the next 36 months, indicating confidence in its financial position and commitment to shareholder value [1][2]. Company Overview - Cheer Holding is a leading provider of advanced mobile internet infrastructure and platform services in China, focusing on creating a digital ecosystem that integrates platforms, applications, technology, and industry for a new business environment leveraging AI technology [3]. - The company is developing a 5G+VR+AR+AI shared universe space, utilizing cutting-edge technologies such as blockchain, cloud computing, extended reality, and digital twin [3]. Product and Service Portfolio - Cheer Holding's offerings include a diverse range of products and services such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris Intelligent Cloud, AI-animated short drama series, short video matrix, variety show series, and Livestreaming, which blend online/offline and virtual/reality elements [4]. - The core of Cheer Holding's digital ecosystem is "CHEERS+", which aims to drive long-term sustainable and scalable growth through innovative product applications and technologies [5].

The Gap Inc. (GAP) has seen its shares rally 12.7% since reporting strong third-quarter fiscal 2024 results on Nov. 21, 2024. This reflects an outperformance compared with its industry peers, the broader sector and the S&P 500 index. The Retail - Apparel and Shoes industry has risen 8.1% and the Retail-Wholesale sector notched up 2.4% in the same period. Also, the S&P 500 has inched up 0.7% since Nov. 21. GAP's Price Performance Image Source: Zacks Investment Research The stock's rally since its earnings re ...

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BEIJING, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, announced today the release of an AIGC miniseries Outlaws of the Marsh by CHEERS Telepathy, offering a reinterpretation of the Chinese classic novel whilst stayed true to its original. The series is currently available on platforms such as TikTok, Tencent Video, Little Red Book, Kuaishou, and Weibo, with one new episode ...

BEIJING, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, announced today that CHEERS Telepathy has been comprehensively upgraded to Ver. 2.3 in multiple modes, with more powerful applications and capable of supporting overseas users in the United States and Asia Pacific. The brand-new interactive function allows ordinary users to easily access AI applications with just one to ...

BEIJING, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, announced today the release of the AI-based series themed on Liaozhai Tales, a collection of classical short stories written by Pu Songling in the early Qing dynasty of China. Episodes including “Adventure of Abao”, “Legend of Nie Xiaoqian”, “The Taoist Priest of Laoshan” and “The Mystery of Raksasas” are now available ...

BEIJING, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding,” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, announced today that “An Intelligent Operation Data Management Method and System” independently developed by the Company has obtained the certificate of invention patent issued by the China National Intellectual Property Administration, marking a breakthrough in the Company's AI technology in the field of film a ...

BEIJING, July 31, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ:CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced its financial results for the six months ended June 30, 2024. Operating Highlights Total Downloads of CHEERS Apps was approximately 510 million as of June 30, 2024, representing a growth of 17.1% from June 30, 2023. Specifically: CHEERS Video Accumulated downloads of CHEERS Video grew by 10.8% YoY ...

Exhibit 99.1 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. CHEER HOLDING, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In U.S. dollars in thousands, except share and per share data) | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|-------|-------|---------|-------|---------| | | | | | | | | Current assets: | | | | | | | Cash and cash equivalents | | $ | 186,089 | $ | 194,227 | | Restricted cash ...

BEIJING, July 09, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ:CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, as one of the important participants and promoters for the development of digital economy and one of the representatives of small and medium-sized enterprises (SMEs) in the aspects of innovation and development, the Company was invited to attend the SME Innovation and Development Forum of the Global Digital Econo ...