Archive for the ‘Media Control’ Category

Women in Xinjiang shine a light on a campaign of abuse and control by Beijing – KVIA El Paso

Zumrat Dawut said she was forcibly sterilized by the Chinese government for having one too many children.

A former resident of Urumqi, the capital of Chinas western Xinjiang region, the 38-year-old Uyghur woman said she was fined 18,400 yuan ($2,600) in 2018 for having three children, one more than she was allowed to under Chinese rule.

When she went to pay the fine, Dawut said she was told shed also need to have a mandatory birth control procedure.

She said she was taken to a clinic, where she was hooked up to an IV and given a general anesthetic. A local doctor later told her shed undergone a tubal ligation, a procedure that uses keyhole surgery to clip, cut or tie a womans fallopian tubes.

The doctor said the procedure was permanent she wouldnt be able to have any more children.

Dawuts story is not unique. For years, Uyghur women both inside Xinjiang and around the world have accused the Chinese government of a campaign of abuse, including forced sterilization, cultural indoctrination and incidents of sexual violence.

Its part of a wider pattern of human rights violations by the Chinese Communist Party in Xinjiang, where authorities are accused of detaining up to two million Muslim-majority Uyghurs and other minority ethnic groups inside vast, fortified centers as part of efforts to enforce greater control over the region.

Rahima Mahmut, a Xinjiang exile and project director for the World Uyghur Congress in London, said women in Xinjiang are living in hell.

Just like any genocide, women are always the number one target There is a very, very serious crime happening at such a large scale, she said.

The Chinese government has consistently denied all allegations, presenting its efforts in Xinjiang as legal and necessary measures to prevent extremism, and has used a series of what state-run media refers to as terrorist attacks in 2014 and 2015 to justify its crackdown.

It has also attempted to discredit Dawuts account specifically, with the state-owned newspaper the Global Times quoting claims from her own brother that shes peddling lies online.

CNN has reached out to the local Xinjiang government for comment.

Beijing has a history of policing womens reproductive rights as part of the one-child policy, a mass campaign to slow birth rates in China. From its introduction in 1980, the policy officially saw 400 million births prevented, amid reports of state-enforced abortions and mandatory contraception.

The one-child policy was changed to allow two children in 2015 amid a rapidly-shrinking birth rate. In Xinjiang, rural couples are allowed to have up to three children, which authorities claim is out of respect for ethnic minorities cultural traditions of large families.

Now a new report, titled The (Chinese Communist Partys) campaign to suppress Uyghur birthrates in Xinjiang, alleges that Beijing is trying to reduce the Uyghur population through enforced contraception and sterilizations.

It was compiled by Adrian Zenz, a leading Xinjiang scholar, and is backed up by years of witness reports and statements from women both in Xinjiang and around the world.

Xinjiang is culturally and ethnically different from the rest of China, with a large population of Turkic minority groups who until recently were the majority in the region. For years, the region has maintained an uneasy relationship with the government in Beijing.

For decades, Zenz said Uyghurs often had larger families than officially permitted, sometimes with as many as nine or 10 children, and when authorities decided to discipline them it was usually only a fine.

But beginning in 2017, Zenz quotes official Chinese government policy directives calling on administrators to severely attack behaviors that violate family planning (policies). From that year onwards, minority regions began a special campaign to control birth control violations.

According to the report, the stricter enforcement led to increased prosecutions of birth control violators and harsher punishments.

Xinjiang accounted for 80% of new IUD insertions throughout China in 2018, according to official government records outlined in the report and confirmed by CNN. The statistics are primarily due to a massive drop in the use of IUDs in the rest of the country, as Beijing pushes women in the rest of China to have more children.

In Xinjiang, the opposite is happening. There, the number of sterilizations has skyrocketed, according to government records. In 2014, the year before the start of the government crackdown in Xinjiang, there were 3,214 sterilizations in the region in 2018, there were 60,440.

In his report, Zenz claimed that as a result of these policies, the natural birth rate in parts of Xinjiang with a large Uyghur population had seen a significant decrease in population growth.

According to Zenzs calculations, across all parts of Xinjiang predominantly populated by Turkic minorities, natural population growth dropped from more than 15% in 2014 to just over 4% in 2018.

Zenz estimated the birthrates by combining official Chinese government statistics for Xinjiang prefectures and weighting them by population. Worryingly, Zenz said that some predominantly Uyghur prefectures such as Kashgar didnt publish their population growth rates at all in 2019.

The Global Times news outlet has claimed that Zenzs math is wrong, and attributed the slower population growth to increased education and income levels in Xinjiang.

In a response to the report, the Chinese government said that between 1978 and 2018, the Uyghur population in Xinjiang had grown from 5.5 million to more than 11 million.

However, Zenz claims that he has found evidence of a deliberate campaign to control Uyghur population growth that goes far beyond stricter enforcement of the two-child policy.

The report claims that Chinese authorities imposed targets for up to 80% of child-bearing women in four southern prefectures, with large Uyghur populations, to undergo birth control measures with long-term effectiveness.

In some cases, women had IUDs inserted after only their first child, according to Zenzs report.

China is trying to reduce birth rates in Xinjiang because this was a region where birth rates were the higher than the rest of the country. And in a sense it was seen to be out of control. And of course it makes the Uyghurs harder to control. The more people you have, the harder they are to account for, Zenz said.

The report also aligns with witness testimony from Xinjiang detention centers where multiple women have described being given injections and pills which stopped their periods.

Uyghur exile Dawut said she spent about three months in a detention center from March 2018. Inside the center, she said she was forcibly given medication, after which she stopped menstruating.

CNN spoke to an ethnic Uyghur and doctor from Xinjiang, who asked to go only by her first name, Gulgine, for fear of retribution.

Gulgine fled to Turkey in 2012 and set up a clinic in Istanbul in 2013. She said since then she has examined around 300 exiled Uyghur women from Xinjiang, and almost all of them had some form of birth control. About 80 had been sterilized.

Many of the women who had been permanently sterilized told Gulgine that they didnt know they had undergone the procedure until she told them.

Zenz said that his findings were the firmest proof yet of genocide in Xinjiang. It specifically fulfills one of the five criteria of the United Nations convention for the prevention of genocide, which is the suppression of births, he said.

For years, women in Xinjiang have been reporting manipulation and abuse at the hands of the Chinese government.

In 2015, China banned face veils and face coverings for Xinjiang women, saying that they encouraged religious extremism. At the same time, local authorities pushed women to dress in more modern outfits, emphasizing cultural garb over overtly religious clothing. Experts said the campaign was called the Beauty Project.

In state media, the project was described as a means of helping to support Xinjiang designers and the local clothing industry. But experts on the ground said it involved numerous actions to change the way Uyghur women looked.

There were some instances where at checkpoints, on the street, women had long skirts or dresses cut by scissors because they were supposed to only wear pants and shirts, not have anything that would go below their waist, ostensibly because that was Islamic, said Darren Byler, a postdoctoral research fellow at the University of Colorado who worked in Xinjiang.

When Uyghurs began to be forcibly placed into detention centers in 2016, the vast majority of the inmates were male, according to previous research by Zenz. Large numbers of women were left to care and provide for families on their own.

When she visited the region for the last time in 2018, Elise Anderson, Senior Program Officer for Research and Advocacy at Uyghur Human Rights Project, said local women who recognized her in the street would come up and ask for news or help in hushed tones.

There was an older woman who started whispering to me and told me that her son had been taken away and just cried as she spoke, Anderson said.

Theyre missing important people from their lives and that is inserting grief and heaviness and an emotional burden while theyre still trying to be good enough not to get taken away to a camp themselves.

Some of the worst injustices are alleged to have occurred inside the regions mass detention centers, in the form of humiliation and sexual abuse. Gulbakhar Jalilova, an ethnic Uyghur from neighboring Kazakhstan and former detainee, claims she was on a business trip to Xinjiang in May 2017 when she was suddenly taken away by police and thrown into a detention center. She spent 15 months inside the camp.

Jalilova claimed she was locked inside a prison-like room with about 20 other women, sitting in two rows. She said they were forced to strip naked in the yard every 10 days and squat up and down in front of guards. Some girls were only 14 years old, she said.

Jalilova said one day she was raped by a guard. I told him, Arent you ashamed? Dont you have a mother, a sister, how can you do this to me like that? He hit me with the electroshock prod and said, You dont look like a human, she said.

Chinese state-run media has previously called Jelilova a liar, saying she had never been inside one of the vocational training centers, which are what Beijing claims is the purpose of the Xinjiang camps.

A US State Department report in 2019 said there had been reports of sexual abuse inside the detention centers, as well as by male Chinese government officials sent to stay with families across Xinjiang.

Several female former inmates interviewed by CNN after escaping from Xinjiang have alleged sexual violence inside the detention centers. On the International Day for the Elimination of Violence against Women in November 2019, the Uyghur Human Rights Project issued a statement calling it crimes against humanity.

Since the release of Zenzs report in June, the United States government has announced sanctions against prominent Chinese government officials in Xinjiang and the regions Public Security Bureau.

The United States will not stand idly by as the (Chinese Communist Party) carries out human rights abuses targeting Uyghurs, ethnic Kazakhs, and members of other minority groups in Xinjiang, to include forced labor, arbitrary mass detention, and forced population control, and attempts to erase their culture and Muslim faith, Secretary of State Mike Pompeo said in a statement.

In June, Chinas Ministry of Foreign Affairs denied it was attempting to control the Uyghur population. In a statement, it said the minority group had enjoyed a preferential population policy for years by being allowed to have more children than other citizens.

Speaking to CNNs Fareed Zakaria in July, Chinese ambassador to the US Cui Tiankai denied that there have been any mechanisms such as sterilization or any attempts at forced population control of the Uyghurs.

I dont know how absurd all these fabrications can go, Cui said.

Dawut, who is seeking asylum in the US, believes that the Chinese government wants to completely eliminate the Uyghur people from Xinjiang. Our land is big. Our land is rich. And because we are the owners of that land, they want to eliminate us, she said.

From one side they sterilize our women decreasing our population; from another side they separate families by sending husbands and wives to separate forced labor camps.

Mahmut, from the World Uyghur Congress, said she hasnt spoken to her four sisters in Xinjiang since 2017, not daring call for fear of getting them in trouble with authorities.

But she said that without major change in either the local or national governments, she sees no hope for Xinjiangs women.

It has to be some kind of miracle from God that can that change anything, she said. (Its) the largest prison and the government has total power over every individual.

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Women in Xinjiang shine a light on a campaign of abuse and control by Beijing - KVIA El Paso

Glory Star New Media Group Holdings Limited Announces Second Quarter and Half Year 2020 Unaudited Financial Results – GlobeNewswire

Beijing, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG, GSMGW) (Glory Star or the Company), a leading mobile and online digital media and entertainment company in China, today announced its financial results for the second quarter and half year ended June 30, 2020.

Second Quarter and Half Year 2020 Key Metrics Highlights

Second Quarter and Half Year 2020 Financial Highlights

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Mr. Bing Zhang, Founder and Chief Executive Officer of Glory Star, commented, We concluded the second quarter of 2020 with solid financial and operating results as we leveraged our state-of-the art technology and premium content production capabilities to form additional partnerships and grow our e-commerce marketplace in the period. Since May, the outbreak of COVID-19 has been gradually brought under control in China, and we have thus been able to resume producing our industry-leading lifestyle content and providing highly-effective content marketing services to our partners. As a result, we grew our CHEERS e-Mall user base and established more partnerships with internationally renowned luxury brands in the second quarter to further solidify out content leadership at the high-end of Chinas luxury e-commerce market. In line with these successes, our CHEERS e-Mall continued to perform well in the period, especially during the 6.18 e-commerce shopping festival in 2020. Looking ahead, we plan to continue bolstering our in-house content production capabilities, expanding our e-commerce platform, and developing those marketing solutions capable of meeting our industry partners needs. We remain confident that our superior content production capabilities and unique ability to engage with Chinas younger demographic will not only help to fuel our growth momentum, but also deliver lasting shareholder value over the long term.

Mr. Ian Lee, Chief Financial Officer of Glory Star, added, We are pleased to report another quarter of strong financial growth in spite of the challenging macro environment. GSMG delivered solid financial performance across our key financial metrics of revenue, cost reduction, profitability, and operating efficiency. Looking ahead, we remain committed to further optimizing our operating efficiency through cost structure management while also investing in those initiatives that are capable of enhancing our content production capabilities going forward.

Second Quarter and Half Year 2020 Key Metrics

We monitor the following key metrics to evaluate the growth of our business, measure the effectiveness of our marketing efforts, identify trends affecting our business, and make strategic decisions:

CHEERS App Downloads. We define this metric as the total number of downloads of the CHEERS App as of the end of the period. Because we have expanded into e-commerce through our CHEERS App, we believe that this is a key metric in understanding the growth in this business. The number of downloads demonstrates whether we are successful in our marketing efforts in converting viewers of our professionally-produced content on other platforms to the CHEERS App. We view the number of downloads at the end of a given period as a key indicator of the attractiveness and usability of our CHEERS App and the increased traffic to our e-Mall platform. As of June 30, 2020, downloads of the CHEERS App exceeded 121.0 million as compared to 35.5 million as of June 30, 2019. We believe that this increase in downloads demonstrates the success that we have in converting viewers of our content to the CHEERS App.

Daily Active Users (DAUs). We define daily active users, or DAUs, as a user who has logged in or accessed our online video content and/or our e-commerce platform using the CHEERS App, whether on a mobile phone or tablet. We calculate DAUs using internal company data based on the activity of the user account and as adjusted to remove duplicate accounts. DAU is a tool that our management uses to manage their operations. In particular, our management sets daily targets of DAUs and monitors the DAUs to see whether to make adjustments as to the promotional activities, advertising campaign, and/or online video contents. For the three months ended June 30, 2019 and 2020, the average DAUs were 1.0 million and 4.9 million, respectively. For the six months ended June 30, 2019 and 2020, the average DAUs were 0.7 million and 4.5 million, respectively.

Gross Merchandise Value (GMV). We define gross merchandise value, or GMV, as the total value of all orders for products and services placed in our online direct sales business and on our online marketplaces, regardless of whether the goods are sold or delivered or whether the goods are returned. As we grow our e-Mall platform, it is important to monitor the volume of merchandise that we have sold through the e-Mall. By keeping track of the GMV, it allows us to determine the attractiveness of our CHEERS App platform to our merchants and users. As of June 30, 2020, the Companys e-Mall has carried 19,984 SKUs in total, compared to 3,000 as of June 30, 2019. For the three and six months ended June 30, 2020, our e-Mall has recorded over $14.1 million and $20.0 million of GMV, respectively, achieving an impressive monthly GMV of $7.7 million in June 2020, up from only $0.5 million in June 2019. We believe that the growth in the GMV will be driven significantly with our ability to attract and retain users to the CHEERS App through our professionally-produced content and to further enhance our product offerings.

COVID-19 Affecting Our Results of Operations

In December 2019, COVID-19 started to spread in China, and then to other parts of the world in early 2020. The COVID-19 pandemic has resulted in quarantines, travel restrictions, and temporary closure of stores and facilities in China and elsewhere.

With the rapid spread of COVID-19, the global economy is under tremendous pressure and has triggered unprecedented policy changes in governments around the world. However, if the epidemic is not controlled in a timely manner, this could adversely affect businesses in China. We are closely monitoring the development of COVID-19 and continuously evaluate the potential impact on us and our industry.

Although the COVID-19 outbreak may materially adversely affect the global economy, there is a high rapid growth in the online entertainment and online consumption due to the restriction on outdoor activities. We have seen a rapid growth in our mobile and online operation during this period. As of June 30, 2020, the number of downloads of our CHEERS App increased by 241% compared to the number of downloads as of June 30, 2019. During the second quarter of 2020, DAUs increased by 409% and the monthly active users (MAUs) also received a 266% increase compared to the second quarter of 2019. Compared to the first half of 2019, DAUs increased by 522%, and the monthly active users (MAUs) also received a 342% increase. The total video playback volume has exceeded 17.1 billion, which is a 308% increase as compared to the total video playback volume as of June 30, 2019.

Second Quarter and Half Year 2020 Financial Results

Second quarter 2020 Financial Results

Revenues in the second quarter of 2020 increased by 6.3% to $19.7 million from $18.5 million in the same quarter of 2019, which was mainly due to the increase in advertising revenues. The advertising revenues in the second quarter of 2020 increased by $1.9 million, or 13.7%, as compared to $13.6 in the same period of 2019. Our advertisements are mainly embedded in short videos, our CHEERS App and live streams. As COVID-19 persists, peoples social habits have been changing dramatically, such as reducing outdoor activities and switching to increase online entertainment. Online advertising revenue growth became prominent in the second quarter of 2020 under this new stimulus.

Total operating expenses in the second quarter of 2020 decreased by 7.2% to $11.1 million from $11.9 million in the same period of 2019.

Income from operations in the second quarter of 2020 was $8.6 million, compared to $6.6 million in the same period of 2019. Operating margin in the second quarter of 2020 increased to 43.6% from 35.5% in the same period of 2019.

Non-GAAP income from operations in the second quarter of 2020 was $11.1 million, compared to $6.6 million in the same period of 2019.

Net income attributable to ordinary shareholders in the second quarter of 2020 was $9.1 million, compared to $6.6 million in the same period of 2019. Net margin in the second quarter of 2020 increased to 46.2% from 35.7% in the same period of 2019.

Non-GAAP net income attributable to ordinary shareholders in the second quarter of 2020 was $11.6 million, compared to $6.6 million in the same period of 2019.

Basic and diluted earnings per share in the second quarter of 2020 were $0.17 and $0.16, respectively. In comparison, the Companys basic and diluted earnings per share in the same quarter of 2019 were $0.16 and $0.14, respectively.

Non-GAAP basic and diluted earnings per share in the second quarter of 2020 were $0.21 and $0.21, respectively, compared with non-GAAP basic and diluted earnings per share of $0.16 and $0.14 in the same quarter of 2019, respectively.

Net cash provided by operating activities in the second quarter of 2020 was $0.1 million, compared with $1.8 million in the same quarter of 2019.

First Half 2020 Financial Results

Revenues in the first half of 2020 decreased by 8.8% to $29.4 million from $32.2 million in the same period of 2019. The decrease was mainly due to our sluggish performance in the first quarter of 2020 as a result of serious adverse impact of the COVID-19 and temporary termination of live streams for strategy transition that was resumed in the second quarter of 2020. Our revenues for first quarter of 2020 decreased by $4.0 million, or 29.06%, to $9.8 million compared to $13.8 million for the first quarter of 2019. During the second quarter of 2020, with the work resumption within China after COVID-19 outbreak, the Company was able to produce new TV series and enough short videos to meet the increased demands of online advertising services. Additionally, live streams business line was resumed with new business model to provide naming services. As disclosed above, revenues in the second quarter of 2020 increased by 6.3% to $19.7 million from $18.5 million in the same quarter of 2019.

Total operating expenses in the half year of 2020 decreased by 15.5% to $17.9 million from $21.2 million in the same period of 2019.

Cost of revenues in the half year of 2020 decrease by 43.2% to $10.4 million from $18.3 million in the same period of 2019, which was in line with the decrease of revenues. The incremental decrease was attributed by the decrease of expenditure on outsourcing the production of short videos due to travel restrictions and quarantine during the COVID-19 outbreak, as well as the payments to various channel owners for broadcast advertisements, as we made more use of our own platform on our CHEERS App which has already attracted a large number of users to provide advertising services.

Sales and marketing expenses in the half year of 2020 increased by 200.7% to $2.2 million from $0.7 million in the same period of 2019, mainly due to an increase in offline promotion and sales promotion for CHEERS E-mall (e.g. coupons and reward points provided to users on CHEERS e-Mall to stimulate platform consumption).

General and administrative expenses in the half year of 2020 increased by 183.9% to $5.1 million from $1.8 million in the same period of 2019, mainly due to an increase in share-based compensation expenses.

Research and development expenses in the half year of 2020 decrease by 25.0% to $0.3 million from $0.4 million in the same period of 2019, mainly due to a postponement in spending for research and development during the COVID-19 outbreak.

Income from operations in the half year of 2020 was $11.5 million, compared to $11.0 million in the same period of 2019. Operating margin in the half year of 2020 increased to 39.0% from 34.1% in the same period of 2019.

Non-GAAP income from operations in the half year of 2020 was $14.1 million, compared to $11.0 million in the same period of 2019.

Net income attributable to ordinary shareholders in the half year of 2020 was $12.0 million, compared to $10.7 million in the same period of 2019. Net margin in the half year of 2020 increased to 40.7% from 33.3% in the same period of 2019.

Non-GAAP net income attributable to ordinary shareholders in the half year of 2020 was $14.6 million, compared to $10.7 million in the same period of 2019.

Basic and diluted earnings per share in the half year of 2020 were $0.24 and $0.23, respectively. In comparison, the Companys basic and diluted earnings per share in the same period of 2019 were $0.26 and $0.23, respectively.

Non-GAAP basic and diluted earnings per share in the half year of 2020 were $0.29 and $0.28, respectively, compared with non-GAAP basic and diluted earnings per share of $0.26 and $0.23 in the same period of 2019, respectively.

Net cash used in operating activities in the half year of 2020 was $1.0 million, compared to net cash provided by operating activities of $4.6 million in the same period of 2019.

Cash and cash equivalents

As of June 30, 2020, the Company had cash and cash equivalents of $9.1 million, compared to $6.9 million as of December 31, 2019.

About Glory Star New Media Group Holdings Limited

Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Stars ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle TV series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching peoples lives. The Companys large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses non-GAAP measures, such as non-GAAP operating income/(loss) and non-GAAP net income/(loss) attributable to ordinary shareholders, as supplemental measures to review and assess operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company defines non-GAAP operating income/ (loss) as operating income/ (loss) excluding share-based compensation expenses. The Company defines non-GAAP net income/ (loss) attributable to ordinary shareholders as net income/ (loss) attributable to ordinary shareholders excluding share-based compensation expenses.

The Company presents these non-GAAP financial measures because they are used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, which is a non-cash charge. The Company also believes that the non-GAAP financial measures could provide further information about the Companys results of operations, and enhance the overall understanding of the Companys past performance and future prospects.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. The Companys non-GAAP financial measures do not reflect all items of income and expense that affect the Companys operations and do not represent the residual cash flow available for discretionary expenditures. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Companys financial information in its entirety and not rely on a single financial measure.

For more information on the non-GAAP financial measures, please see the table captioned Glory Star New Media Group Holdings Limited Reconciliation of GAAP and Non-GAAP results set forth at the end of this press release.

Safe Harbor Statement

Certain statements made in this release are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words estimates, projected, expects, anticipates, forecasts, plans, intends, believes, seeks, may, will, should, future, propose and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Companys control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Companys filings with the Securities and Exchange Commission, including the Companys Annual Report on Form 10-K filed with the SEC on March 31, 2020, the Current Report on Form 8-K/A(Amendment No. 2) filed with the SEC on March 31, 2020, which may be amended from time to time, and in our Quarterly Report on Form 6-K that will be filed following this earnings release. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

Contacts:

Glory Star New Media Group Holdings LimitedIan LeeEmail: ianlee@yaoshixinghui.com

GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITEDCONDENSED CONSOLIDATED BALANCE SHEETS(In U.S. dollars in thousands, except share and per share data)

GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITEDCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In U.S. dollars in thousands, except share and per share data)(Unaudited)

Note:

GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITEDCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In U.S. dollars in thousands)(Unaudited)

GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITEDRECONCILIATION OF GAAP AND NON-GAAP RESULTS(In U.S. dollars in thousands, except share and per share data)

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Glory Star New Media Group Holdings Limited Announces Second Quarter and Half Year 2020 Unaudited Financial Results - GlobeNewswire

Luckin Coffee Received Notifications from Ms. Jie Yang and Ms. Ying Zeng of their Resignations from the Board, Effective Immediately – GlobeNewswire

BEIJING, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the Company) (OTC:LKNCY) today announced the following:

The Company received a letter of resignation on August 3, 2020 from Ms. Jie Yang and Ms. Ying Zeng, respectively, under which Ms. Yang and Ms. Zeng notified the Company of their resignations from the Board of Directors of the Company, effective immediately.

The Company thanks Ms. Yang and Ms. Zeng for their dedicated service to the Company.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates, potential, continue, ongoing, targets, guidance and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the SEC), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Companys beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Companys growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in Chinas e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of Chinas e-commerce market; PRC governmental policies and regulations relating to the Companys industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Companys filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Luckin Coffee Inc.

Luckin Coffee Inc.(OTC:LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high affordability, and high convenience to customers. Empowered by big data analytics, AI, and proprietary technologies, the Company pursues its mission to be part of everyones everyday life, starting with coffee. The Company was founded in 2017 and is based inChina. For more information, please visit investor.luckincoffee.com.

Investor and Media Contacts

Investor Relations:

Luckin Coffee Inc. IREmail:ir@luckincoffee.com

Bill Zima / Fitzhugh TaylorICR,Inc.Phone: +1 646 880 9039

Media Relations:

Luckin Coffee Inc. PREmail:pr@luckincoffee.com

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Luckin Coffee Received Notifications from Ms. Jie Yang and Ms. Ying Zeng of their Resignations from the Board, Effective Immediately - GlobeNewswire

Precision BioSciences to Report Second Quarter 2020 Financial Results and Present at Upcoming Investor Conferences – GlobeNewswire

DURHAM, N.C., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Precision BioSciences, Inc. (Nasdaq: DTIL), a clinical stage biotechnology company dedicated to improving life with its novel and proprietary ARCUS genome editing platform today announced it will report financial results for the second quarter of 2020 on August 13, 2020.

Matt Kane, Chief Executive Officer and co-founder of Precision along with Chris Heery, Chief Medical Officer at Precision, will also participate in the following upcoming investor conferences:

William Blair Biotech Focus ConferenceDate: August 6, 2020Fireside chat: 12:00 to 12:45 PM EDT

BTIG Virtual Biotechnology ConferenceDate: August 10, 2020Fireside chat: 10:30 10:55 AM EDT

Live webcasts of each presentation will be accessible on the Companys website, http://www.PrecisionBiosciences.com, under the Investors & Media section.

About Precision BioSciences, Inc.Precision BioSciences, Inc. is a clinical stage biotechnology company dedicated to improving life (DTIL) with its novel and proprietary ARCUS genome editing platform. ARCUS is a highly specific and versatile genome editing platform that was designed with therapeutic safety, delivery, and control in mind. Using ARCUS, the Companys pipeline consists of multiple off-the-shelf CAR T immunotherapy clinical candidates and several in vivo gene correction therapy candidates to cure genetic and infectious diseases where no adequate treatments exist. For more information about Precision BioSciences please visit http://www.precisionbiosciences.com.

Contact:Maurissa MessierSenior Director, Corporate CommunicationsMaurissa.messier@precisionbiosciences.com

Josh RappaportStern Investor Relationsjosh.rappaport@sternir.com

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Precision BioSciences to Report Second Quarter 2020 Financial Results and Present at Upcoming Investor Conferences - GlobeNewswire

RV Industry Leader Gigi Stetler is Calling on all Victims of Marcus Lemonis – Star of CNBC’s The Profit and CEO of Camping World – To Come Forward -…

Dover, Delaware, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Dover, Delaware -- Respected RV industry leader and President of theRV Advisor Consumer Association(RVACA) Gigi Stetler is issuing a nationwide alert to all businesses and individuals who are approached by Marcus Lemonis the star ofCNBCs The Profitand the CEO ofCamping World.

Unfortunately, Lemonis is the false profit. Every week I get contacted by individuals who have fallen victim to Lemonis predatorial and unscrupulous business tactics. Some have been outlined in an incredibleInc. exposby Will Yakowicz, but since CNBC has yet to remove him from The Profit, its time to protect other businesses and individuals before they are preyed upon by Lemonis and also destroyed, said Stetler.

Stetler is calling on all victims of Lemonis, CEO of Camping World, to come forward in efforts to attain justice.

Twonew lawsuitshave recently been filed against Lemonis by his former business partners, Nicolas Goureau and Stephanie Menkin, who were introduced to Lemonis when they appeared on The Profit.

Goureau and Menkin (who are siblings) allege that Lemonis fraudulently induced them to invest in their retail business, Courage B, in exchange for a capital investment and his expertise in growing their company. However, instead of trying to help, Lemonis allegedly focused on making the company indebted to him (in upwards of hundreds of thousands of dollars) so that he could control the company and its assets with the purpose of financially ruining it.

The complaints seek millions of dollars in damages from Lemonis and his entities. A copy of the complaints can be found here:Complaint 1;Complaint 2.

Over the years, Stetler has also witnessed the unscrupulous and deceptive business practices of Camping World, the RV powerhouse owned by Marcus Lemonis. Stetler says, former Camping World customers continually contact her after buying defective, lemon RVs from the industry giant. She says, these Camping World customers often spend months trying to get these defective RVs serviced, often with no success. Stetler says, she even has proof that some RVs are sold as new at Camping World but are actually pre-owned with multiple problems.

Its the same pattern over and over again. I even know somone who has contemplated suicide because of the financial damage Lemonis and Camping World has done to their life. Lemonis needs to be stopped and held accountable for his egregious actions, said Stetler.

Anyone who has been victimized by Marcus Lemonis is encouraged to immediately contact Stetlers legal team atlockelaw@thervadvisor.com. In addition, any whistleblowers, other potential victims or anyone able to offer information about Lemonis are encouraged to come forward.

RVACA President Gigi Stetler is available for media interviews. To coordinate, contact Kelcey Kintner at 646-391-8001 orkelcey@redbanyan.com

About Gigi Stetler

A fearless entrepreneur, Gigi Stetler created and leads the first female-owned RV company in the United States,RV Sales of Broward.With more than 30 years of experience in the industry, she is one of a handful of top RV experts in the country. Stetler also launched and runsThe RV Advisor- an online platform to effectively connect millions of RV owners, dealers, and service centers that is considered the Angies List of the RV industry. Stetler is also the founder of the non-profitRV Advisor Consumer Association (RVACA), which provides RVs to healthcare workers who need a safe space to quarantine and isolate during the COVID-19 pandemic.

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RV Industry Leader Gigi Stetler is Calling on all Victims of Marcus Lemonis - Star of CNBC's The Profit and CEO of Camping World - To Come Forward -...