BEIJING, Nov. 21, 2025 (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 that on November 18, 2025, it received a notice (the “Notice”) from The NASDAQ Stock Market LLC (“Nasdaq”) notifying that the Company is not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), as the Company’s Class A ordinary shares had a closing bid p ...

Core Insights - Guangdong aims to exceed 440 billion yuan in the core AI industry and achieve over 60 EFLOPS in computing power by 2027, with a digital economy core industry value-added accounting for more than 16% of GDP [1][2][3][4]. Group 1: Digital Economy Development - The plan includes establishing three internationally competitive trillion-level digital industry clusters and achieving an annual compound growth rate of over 15% in the data industry [1]. - The digital economy development level is set to maintain the top position in the country [1]. Group 2: AI and Robotics Initiatives - Guangdong will actively promote "AI+" and "Robotics+" initiatives to foster innovation in the AI and robotics industries [2]. - The focus will be on developing consumer-grade smart terminal products and promoting new technologies such as smart phones, smart computers, and smart cars [2]. Group 3: Regulatory Framework and Standards - The government plans to establish a sound regulatory system for AI safety and conduct legislative research on AI industry promotion regulations [3]. - There will be efforts to improve the standard system in the digital economy sector and encourage participation in the formulation and revision of standards [3]. Group 4: Support for SMEs - The initiative aims to accelerate the digital transformation of traditional enterprises and support the cultivation of specialized and innovative SMEs and "little giant" enterprises [4]. - A high-standard provincial manufacturing digital transformation promotion center will be established to enhance the integration of AI technology [4]. Group 5: Platform Economy Development - The government will promote the healthy development of platform economies by establishing a provincial platform enterprise database and nurturing technology-driven innovative platforms like AI and Web3.0 [5]. - There will be legal guidance for platform enterprises to set reasonable commission standards for small and micro businesses [5]. Group 6: Communication Infrastructure - Guangdong plans to create a unified communication network across air, land, and sea, enhancing network quality and deploying 5G-A networks [6]. - The initiative includes the construction of a high-precision time-space service network in the Guangdong-Hong Kong-Macao Greater Bay Area [6].

第二十七届中国国际高新技术成果交易会期间，中国开发区协会组织全国各地开发区100多人组成的考 察团莅临深圳交流，期间，组织专题交流会，邀请国家信息中心、中国信息通信研究院、金证股份等行 业专家参与演讲交流。 天地纵横高级合伙人、IBC国际易货中心董事熊斌先生受邀进行了《Web3.0时代的跨境贸易新生态》。 熊斌系统阐述了Web3.0时代跨境贸易的新生态，指出传统国际贸易存在"慢、贵、难"的痛点，通过将电 子提单通证化（NFT化）和运用稳定币支付，WEB3.0平台借助区块链、智能合约和DeFi技术构建了"交 易即结算"的自动化流程，实现了从传统贸易向Web3.0贸易的跃迁；介绍了了从企业认证、智能合约创 建、资金锁定、货权转移、自动结算到融资的标准化业务流程，并提出Web3.0将重塑全球贸易的五大 趋势：贸易流程自动化、价值分配民主化、组织形态去中心化、数据资产化趋势和监管协同化发展，为 全球企业提供了更高效、透明、低成本的跨境贸易解决方案。 ...

在酒店行业，"重资产、低周转、高负债"是长期面临的痛点。据统计，全球酒店业固定资产规模超4万亿美元，但其中约30%的资产（如闲置物业、低效运 营的设备、沉睡的会员权益等）因流动性差、估值模糊、交易壁垒高，长期处于"沉睡"状态。这些未被激活的资产不仅占用了大量资金，更制约了行业的精 细化运营与价值释放。 而RWA（Real World Assets，现实世界资产代币化）正以区块链、智能合约与通证化技术为钥匙，重新定义酒店资产的流通与增值逻辑，成为破解行业困 局的科技密钥。 一、酒店行业的"沉睡资产"困局：为何万亿资产难以"苏醒"？ 酒店行业的资产沉睡本质上是"流动性陷阱"与"价值断层"的双重叠加： 1. 资产类型分散，流动性天然受限 酒店资产涵盖不动产（酒店大楼、土地）、经营性资产（家具、布草、厨房设备）、权益类资产（会员积分、预付卡、品牌特许权）三大类。 其中，不动产受限于产权登记复杂、交易周期长（通常需3-6个月），难以快速变现； 经营性资产因标准化程度低（如不同酒店的设备规格差异大），二手市场流通性差； 权益类资产则因依赖中心化平台（如酒店集团自有积分系统），跨平台兑换与价值流转几乎被阻断。 2. 估值与 ...

Core Insights - The Global RWA Ecosystem Innovation Forum 2025 successfully concluded in Singapore, focusing on the integration of digital assets and the transformation of traditional enterprises through Real World Assets (RWA) [1][2] Industry Overview - The forum attracted over 300 representatives from financial institutions, industry leaders, and Web3.0 experts from more than 10 countries, highlighting its significance in the global digital economy [2] - The theme emphasized how RWA can facilitate digital transformation and value transition for traditional enterprises [2] Key Discussions - Diana Peng, President of the Institute of International Economic Strategy, highlighted the past decade as one of digital reconstruction and predicted the next decade will be defined by intelligence, driven by AI, blockchain, IoT, and quantum computing [4][6] - The forum focused on two main directions: ecosystem infrastructure and commercial innovation, with a consensus that the global RWA ecosystem is entering a phase of institutionalization and scale development [6][9] Business Innovations - The PrimoX team introduced a new business model where consumption is equated to equity, transforming points and membership benefits into tradable digital assets [7] - Tiens Group's CEO discussed leveraging health data and resources to promote the revitalization of physical assets through digital transformation [7] - VMOMENT's CEO projected that the big health and digital asset markets could exceed $30 trillion in the next five years, emphasizing the transition from Web2.0 to Web3.0 [8] Strategic Collaborations - A roundtable discussion emphasized the need for a dual approach of compliance and innovation to drive the rapid development of RWA [9][10] - A strategic cooperation agreement was reached among multiple parties to enhance digital asset certification, cross-chain interoperability, and security governance [12][13] Future Outlook - The forum concluded with a vision for the future where digital assets serve as a bridge between capital markets and physical industries, enabling traditional enterprises to transition to a global ecosystem [15][16]

Domestic Market Overview - The domestic market showed weakness and continued to decline, with the Shanghai Composite Index closing at 3939.81 points, down 0.81%, and the Shenzhen Component Index closing at 13080.49 points, down 0.92% [1][4] - The total trading volume of the A-share market was 19460 billion, slightly decreasing from the previous day [1][4] - Among the 30 sectors, only 4 sectors saw an increase, with media, computer, and electronics leading the gains, while basic chemicals, coal, and steel experienced significant declines [1][4] Overseas Market Overview - All three major U.S. stock indices closed lower, with the Dow Jones down 1.07%, the S&P 500 down 0.83%, and the Nasdaq down 1.21% [2][4] - Notable declines included Home Depot down 6% and Amazon down over 4%, leading the Dow [2][4] - The performance of Chinese concept stocks was mixed, with some stocks like Amer Sports rising over 8% while Daqo New Energy fell over 6% [2][4] News Highlights - Chinese Premier Li Qiang expressed China's willingness to embrace global free trade and strengthen economic cooperation with the Shanghai Cooperation Organization [3][11] - Chinese and Japanese diplomats held consultations, with China urging Japan to retract erroneous statements made by its officials [3][11] - The National Development and Reform Commission approved five inter-regional power interconnection projects, with a total investment of 244 billion, enhancing China's cross-regional power supply capacity [12][13]

Group 1: Strong Individual Stocks - As of November 18, the Shanghai Composite Index fell by 0.81% to 3939.81 points, the Shenzhen Component Index decreased by 0.92% to 13080.49 points, and the ChiNext Index dropped by 1.16% to 3069.22 points [1] - The top three strong stocks based on current board numbers and daily trading data are Victory Shares (000407), Huaxia Happiness (600340), and Aerospace Development (000547) [1] - Victory Shares (000407) achieved a 6-day continuous rise with a turnover rate of 32.52% and a trading volume of 1.907 billion yuan [1] - Huaxia Happiness (600340) recorded a 4-day continuous rise with a turnover rate of 28.89% and a trading volume of 3.466 billion yuan [1] - Aerospace Development (000547) had a 3-day continuous rise with a turnover rate of 25.76% and a trading volume of 4.597 billion yuan [1] Group 2: Strong Concept Sectors - The top three concept sectors with the highest increase are Xiaohongshu Concept, Pinduoduo Concept, and Sora Concept (text-to-video) [2] - Xiaohongshu Concept increased by 3.16%, with 66.04% of its constituent stocks rising [2] - Pinduoduo Concept rose by 3.14%, with 51.28% of its constituent stocks experiencing an increase [2] - Sora Concept (text-to-video) saw a 2.7% increase, with 80.49% of its constituent stocks rising [2] - Other notable sectors include Kuaishou Concept (2.65% increase) and ERP Concept (2.53% increase) [2]

Core Viewpoint - Cheer Holding, Inc. has formed a special committee to evaluate two preliminary non-binding acquisition proposals for its Class A ordinary shares, one from Zhongsheng Dingxin Investment Fund Management at US$0.56 per share and another from Excel Ally Ventures Limited at US$0.52 per share [1] Company Overview - Cheer Holding is a leading provider of advanced mobile internet infrastructure and platform services in China, focusing on building a digital ecosystem that integrates platforms, applications, technology, and industry for a new business environment leveraging AI technology [4] - 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 [4] Product and Service Portfolio - Cheer Holding's offerings include a diverse range of products and services such as Polaris Intelligent Cloud, CHEERS Telepathy, CHEERS Open Data Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, and more [5] - These products provide various application scenarios that blend online/offline and virtual/reality elements [5] Strategic Focus - The company emphasizes "CHEERS+" as the core of its ecosystem, aiming to consolidate its core competitiveness and achieve long-term sustainable and scalable growth [6]

Core Insights - The Zhipu AI concept index rose by 1.68%, ranking 9th among concept sectors, with 48 stocks increasing in value, including Guangyun Technology and Vision China hitting the daily limit up [1][2] - The sector saw a net inflow of 999.2 million yuan, with major inflows into stocks like Vision China, Kingsoft Office, and Worth Buying [2][3] Stock Performance - Top gainers in the Zhipu AI sector included: - Guangyun Technology: +20% - Vision China: +20% - Worth Buying: +14.40% - BlueFocus: +11.51% - Fantou Shuchuang: +7.39% [1][2] - Major decliners included: - CIMC: -3.48% - Digital China: -2.76% - Kevin Education: -2.20% [1][2] Fund Flow Analysis - The leading stocks by net inflow were: - Vision China: 548 million yuan - Kingsoft Office: 293 million yuan - Worth Buying: 250 million yuan - Guangyun Technology: 112 million yuan [2][3] - The net inflow ratios for top stocks were: - Vision China: 20.70% - Guangyun Technology: 18.84% - Kingsoft Office: 10.75% [3]

Core Insights - The Web3.0 concept has seen a rise of 1.82%, ranking 7th among concept sectors, with 41 stocks increasing in value, including notable gainers like Fushi Holdings and Xuan Ya International, which hit the 20% limit up [1][2] - The sector attracted a net inflow of 9.52 billion yuan from major funds, with 35 stocks receiving net inflows, and six stocks exceeding 1 billion yuan in net inflow, led by Fushi Holdings with 3.13 billion yuan [2][3] Market Performance - The top gainers in the Web3.0 sector included: - Fushi Holdings: +20.07% with a turnover rate of 29.52% and a net inflow of 313.42 million yuan [3] - Yuanlong Yatu: +10.02% with a turnover rate of 12.71% and a net inflow of 276.21 million yuan [3] - Other notable performers included BlueFocus and Chuling Information, which rose by 11.51% and 10.64%, respectively [1][4] Fund Flow Analysis - The leading stocks by net inflow ratio in the Web3.0 sector were: - Yuanlong Yatu: 45.48% - Fushi Holdings: 17.72% - Jinqiao Information: 17.26% [3] - The overall fund flow indicates strong interest in the Web3.0 sector, with significant capital being directed towards key players [2][3]