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Global Mofy AI Limited - GMM STOCK NEWS

Welcome to our dedicated page for Global Mofy AI news (Ticker: GMM), a resource for investors and traders seeking the latest updates and insights on Global Mofy AI stock.

Global Mofy Metaverse Limited (GMM) is a pioneering technology solutions provider focused on the burgeoning metaverse industry. The company excels in virtual content production, digital marketing, and the development of digital assets. Leveraging its proprietary Mofy Lab technology platform, Global Mofy Metaverse utilizes advanced three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to craft high-definition virtual representations of real-world objects.

The company's core business is divided into two main segments: Virtual Technology Service and Digital Asset Development. Through these services, Global Mofy Metaverse produces a wide array of virtual content, including detailed 3D models of humans, animals, and intricate scenes that can be integrated into various applications. This technology is not only groundbreaking but also essential for the rapidly expanding metaverse sector.

Recent achievements highlight the company's significant progress. For instance, the AI Revolution has spurred accelerated demand growth for high-quality digital assets, positioning Global Mofy Metaverse at the forefront of this digital transformation. The company maintains a strong financial condition, with continuous investments in technology development and strategic partnerships, ensuring sustained growth and innovation.

Global Mofy Metaverse's latest projects include collaborations with leading firms in tech and entertainment, aiming to enhance and expand the capabilities of virtual reality (VR) and augmented reality (AR) applications. These partnerships are a testament to the company's commitment to driving the future of digital experiences.

Overall, Global Mofy Metaverse Limited stands as a key player in the virtual content and digital asset domain, consistently pushing the boundaries of what's possible in the metaverse. Its continuous pursuit of excellence and innovation makes it a significant entity to watch in the evolving digital landscape.

News

/C O R R E C T I O N -- Global Mofy Metaverse Limited/

Rhea-AI Summary
Global Mofy Metaverse Limited (GMM) reported record financial results for the 2023 fiscal year, with total revenues increasing by 56.4% to $26.9 million. The company achieved a gross profit of $14.5 million and net income of $6.6 million, marking a 54% gross margin. Revenue from high-margin 3D Digital Asset Licensing business increased by 186.3% year-over-year to $11.5 million, accounting for 42.8% of total sales.
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Global Mofy Metaverse Limited Announces Strategic Investment in MERAEDU, Ushering New Era for Vocational Education

Rhea-AI Summary
Global Mofy Metaverse Limited (NASDAQ: GMM) announced its strategic investment in MERAEDU, a vocational education platform in China. The RMB 8 million funding round was led by the Anji County Government Industrial Guidance Fund, with Global Mofy Metaverse as a co-investor. MERAEDU offers professional courses for professionals aged 20-35 and has successfully enrolled nearly 20,000 paying students. The vocational education market in China is experiencing rapid growth, with a projected market size surpassing RMB 900 billion in 2023.
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Global Mofy Metaverse Limited Sets Up Subsidiary in California, USA to Expand Global Presence and Venture into Hollywood’s Digital Entertainment Market

Rhea-AI Summary
Global Mofy Metaverse Limited (NASDAQ: GMM) announces the registration of its subsidiary, Global Mofy Technology LLC, in California, the United States, to expand its virtual content production business overseas and delve into the overseas short drama markets. This strategic decision aligns with the Company's global business strategy, aiming to venture into the Hollywood market and actively participate in the digital entertainment landscape.
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Global Mofy Metaverse Limited Announces the Closing of $10 Million Follow-on Offering

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Global Mofy Metaverse Limited (NASDAQ: GMM) closed a $10 million follow-on offering of ordinary shares and accompanying warrants at a price of $7.25 per share. The net proceeds to the company from this offering are approximately $8.9 million, after deducting placement agent fees and other estimated offering expenses. The offering will help facilitate the company's continued global business expansion and R&D of core technologies of the metaverse industry.
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Global Mofy Metaverse Limited Announces $10 Million Follow-on Offering

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Global Mofy Metaverse Limited (NASDAQ: GMM) announces a $10 million follow-on offering of ordinary shares and warrants for working capital and general corporate purposes.
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Global Mofy Metaverse Limited together with China’s leading video platform Present AI-themed Short Film Series

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Global Mofy Metaverse Limited (NASDAQ: GMM) collaborates with bilibili to produce 'The Future Handbook,' an AI-themed short film series directed by promising young directors, achieving a 9.1 rating on bilibili and solidifying its place as a groundbreaking visual masterpiece.
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Global Mofy Metaverse Limited Receives "Most Valuable Investment Chinese Concept Stock" Award

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Global Mofy Metaverse Limited (NASDAQ: GMM) has been honored with the 'Most Valuable Investment Chinese Concept Stock' award at the 8th Zhitong Finance Capital Market Annual Conference and Listed Company Awards Ceremony. The event, widely recognized by global investors, attracted over 1,000 Hong Kong and US-listed companies and evaluated performance growth, stock activity, industry rankings, corporate governance, social impact, capital market returns, and ESG performance. CEO Haogang Yang expressed immense pride and commitment to creating value for investors.
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Global Mofy Metaverse Limited and ELLE CHINA, ELLE MEN CHINA Unite for a Dynamic Partnership, Redefining the Art of Advertising

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Global Mofy Metaverse Limited (GMM) announced a long-term partnership with ELLE CHINA and ELLE MEN CHINA, aiming to leverage promotional benefits and collaborate on advertising projects. The partnership will provide GMM with exposure on various platforms and enable them to connect with a diverse consumer base. GMM will also contribute their expertise in advertising production, laying the foundation for future projects with ELLE CHINA. The collaboration is expected to yield substantial commercial value for all parties involved.
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Global Mofy Metaverse Limited Accredited for iQIYI’s Leap Project, Enters into Negotiation on Cooperation Agreement to Provide Visual Effect Services

Rhea-AI Summary
Global Mofy Metaverse Limited (NASDAQ: GMM) has been accredited for the 'Leap Project' of iQIYI INC, a leading provider of online entertainment video services in China. The two-year partnership agreement establishes the Company as an accredited visual effects supplier within iQIYI's ecosystem, presenting a significant opportunity for Global Mofy Metaverse to showcase its expertise and expand its market presence. The collaboration symbolizes mutual growth and synergy, reflecting the shared commitment to excellence and innovation in the entertainment industry.
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Global Mofy Metaverse Limited Announces Exercise of the Underwriter’s Over-Allotment Option

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Global Mofy Metaverse Limited (GMM) announces the exercise of the over-allotment option in its IPO, raising an additional $200,000 in gross proceeds. The Company, engaged in virtual content production and digital assets development for the metaverse industry, has previously announced gross proceeds of approximately $6,000,000. Prime Number Capital, LLC acted as the sole bookrunner for the Offering.
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FAQ

What is the current stock price of Global Mofy AI (GMM)?

The current stock price of Global Mofy AI (GMM) is $3.34 as of December 20, 2024.

What is the market cap of Global Mofy AI (GMM)?

The market cap of Global Mofy AI (GMM) is approximately 10.0M.

What is Global Mofy Metaverse Limited?

Global Mofy Metaverse Limited is a technology solutions provider specializing in virtual content production, digital marketing, and digital assets development for the metaverse industry.

What technology does Global Mofy Metaverse use?

The company uses its proprietary Mofy Lab technology platform, which includes 3D rebuilt technology and AI interactive technology to create high-definition virtual versions of real-world objects.

What are the main business segments of Global Mofy Metaverse?

The company operates in two main segments: Virtual Technology Service and Digital Asset Development.

What recent achievements has Global Mofy Metaverse made?

The company has seen accelerated demand growth for high-quality digital assets due to the AI Revolution and has formed strategic partnerships to enhance VR and AR applications.

How does Global Mofy Metaverse contribute to the metaverse industry?

Global Mofy Metaverse contributes by creating detailed 3D virtual representations of real-world objects, which are integral to various metaverse applications.

What are the latest projects of Global Mofy Metaverse?

The company's latest projects include collaborations with leading tech and entertainment firms to expand VR and AR capabilities.

How is Global Mofy Metaverse's financial condition?

The company maintains a strong financial condition with continuous investments in technology development and strategic partnerships.

What is the significance of the Mofy Lab technology platform?

The Mofy Lab technology platform is critical for creating high-definition 3D virtual versions of a wide range of physical objects, essential for metaverse applications.

Are there any forward-looking statements from Global Mofy Metaverse?

Yes, the company often provides forward-looking statements regarding its growth strategies and technological advancements.

Who can I contact for more information about Global Mofy Metaverse?

For more information, you can contact Global Mofy Metaverse through their official communication channels.

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Global Mofy AI Limited

Nasdaq:GMM

GMM Rankings

#5574 Ranked by Market Cap
N/A Ranked by Dividends

GMM Stock Data

10.01M
1.64M
41.52%
0.03%
1.6%
Information Technology Services
Technology
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United States of America
Beijing