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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 ...

Core Insights - Cheer Holding, Inc. has upgraded its CHEERS Telepathy platform to version 2.3, enhancing its capabilities for users in the United States and Asia Pacific [1] - The upgraded platform now supports users in 12 countries and regions, including major markets such as the United States, Japan, and India [1] Group 1: Product Enhancements - The CHEERS Telepathy platform has received significant upgrades in five key areas: Text-to-Image, Text-to-Video, AI Image Expansion, Sketch Rendering, and AI Repair [2] - Text-to-Image improvements focus on enhancing Chinese semantic parsing and image quality [2] - Text-to-Video optimizations aim to enhance dynamic effects for a better visual experience [2] - AI Repair technology has been refined to restore and enhance the quality of old or low-resolution images and videos [2] Group 2: Technological Advancements - Cheer Holding has made continuous breakthroughs in the underlying technology of its large models, leading to major developments at the application level [3] - The platform's diverse and realistic effects provide unprecedented experiences for users globally [3] Group 3: Company Overview - Cheer Holding is a leading provider of next-generation mobile internet infrastructure and platform services in China, focusing on building a digital ecosystem that integrates various technologies [4] - The company is developing a 5G+VR+AR+AI shared universe space, leveraging cutting-edge technologies such as blockchain and cloud computing [4] - Cheer Holding's portfolio includes a wide range of products and services that blend online and offline elements, enhancing user engagement [5]

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 ...

BEIJING, June 18, 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 as of June 15, the total number of online view counts of topics including # Mystical Realm of Mountains and Seas and # CHEERS Telepathy on social media platforms, including TikTok, Kuaishou, Red, Tencent Video, iXigua and Weibo has exceeded 11 million, creating heated discussions among audien ...

Core Insights - Cheer Holding, Inc. has achieved over 11 million online views for its animation series "Mystical Realm of Mountains and Seas" since its release on June 5, 2024, indicating strong audience engagement and cultural interest [1][3] - The animation series is based on the ancient Chinese text "The Classic of Mountains and Seas" and consists of five episodes, showcasing the company's ability to leverage AI technology in creative production [1][2] - The production of the series was expedited through the use of CHEERS Telepathy, completing the work in just three weeks, a significant reduction from the traditional five-month timeline [2][3] 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 various technologies and applications [4][5] - The company is developing a shared universe space that incorporates 5G, VR, AR, and AI technologies, aiming to enhance its competitive edge in the market [4][5] - Cheer Holding's product portfolio includes a variety of services such as Polaris Intelligent Cloud, CHEERS Telepathy, and CHEERS Open Data Platform, which cater to diverse application scenarios [5] Technological Advancements - The animation series "Mystical Realm of Mountains and Seas" represents a successful application of Cheer Holding's AI technology in the film and television sector, showcasing the potential for commercialization in various business areas [3] - CHEERS Telepathy has made significant breakthroughs in its underlying technology, which is expected to expand its application in film, television, animation, and advertising [3]