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].
Cheer Holding Announces US$50 Million Share Repurchase Authorization