# Yaoshixinghui Media Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yaoshixinghui-media-co

- Industry: Media
- Headquarters: Beijing, China
- Website: www.yaoshixinghui.com
- Total disclosed funding: $33M
- Latest round: Series A (Apr 23, 2018)
- Investors on record: 2

## About

Based in Beijing, China, and established in 2016, Yaoshixinghui Media Co., Ltd. operates as a media company that engages in a variety of shows, short videos, TV series, movies, and offline activities. In 2017, it launched lifestyle video series, Cheers. In 2018, it launched CHEERS APP. The Chairman of the Board, founder, and CEO, Bing Zhang, has over 30 years of experience in China’s media industry and was the Vice President of Trends Group and the Chairman of the Board of Directors and General Manager of Trends Star (Beijing) Cultural Media. The Group was listed on the NASDAQ Stock Exchange on February 19, 2020, under the ticker symbol GSMG. In April 2023, it announced the signing of a USD 60 million strategic investment agreement.

The group served millions of users through both third-party platforms and our mobile apps such as CheersCar, CheersChat, CheerReal, etc. The business includes community group buying e-commerce, live streaming, online games, short video IP matrix, membership payment system, digital innovation research institute, NFT digital collectibles, etc.

## Funding rounds

- Series A, Apr 23, 2018, $33M — Zhonghuijin Group, Zhongsheng Jinghua Asset management

## Investors

- Zhonghuijin Group — Series A
- Zhongsheng Jinghua Asset management — Series A