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Treasure Global Inc (TGL) is a cutting-edge technology solutions provider based in Malaysia, specializing in creating innovative platforms for the e-commerce and payment ecosystem. The company’s flagship product, the ZCITY App, offers a unique online-to-offline business model that provides consumers and merchants with instant rebates and cashback programs, while also delivering seamless e-payment solutions in both digital and physical retail environments. The app leverages advanced AI technology to offer personalized deals based on users' purchase history, location, and preferences, significantly enhancing user engagement and satisfaction.
Treasure Global has recently made significant strides in various sectors. For example, they have expanded into the beauty industry by promoting prestige Korean beauty products in Malaysia and Southeast Asia. This strategic move is expected to capitalize on the growing demand for Korean beauty products, which are projected to see substantial revenue growth in the coming years. Furthermore, the company has secured a strategic partnership that grants them the first right of refusal for an AI Blockchain Wallet, enhancing their competitive edge in the blockchain market and opening new avenues for revenue generation.
In the financial realm, Treasure Global reported promising results for the third quarter of the 2024 fiscal year. The company saw a notable increase in gross profit and a significant reduction in net loss. Additionally, Treasure Global has launched an at-the-market (ATM) offering to secure up to $2.99 million, which will be used to further their strategic initiatives and drive shareholder value.
Treasure Global is also making headway in the blockchain industry with innovative projects like the AI-powered crypto mining service integrated with their MVNO services. This initiative aims to fuse telecommunications and blockchain technology, offering users seamless crypto mining capabilities through their mobile services. This move not only opens a new revenue stream but also solidifies Treasure Global's position as a leader in technology-driven solutions.
Furthermore, the company’s TAZTE platform is transforming the food and beverage (F&B) sector in Malaysia. This digital management system provides merchants with an all-encompassing solution to digitalize their operations, thereby optimizing efficiency and increasing profitability. The platform has already shown significant growth in transactions and user engagement, and its market potential is projected to expand substantially in the coming years.
Overall, Treasure Global Inc continues to demonstrate its commitment to innovation and growth, leveraging advanced technologies to drive success across various industries. For more information, please visit https://treasureglobal.co/.
Treasure Global Inc (NASDAQ: TGL) has announced the appointments of Mr. Henry Chai as Chief Operating Officer (COO) and Ms. Sook Lee Chin as Chief Financial Officer (CFO), aiming to drive new growth and innovation strategies. Mr. Chai's background includes overseeing technology operations in blockchain companies and managing software development interfacing with major exchanges. Ms. Chin brings over 12 years of finance experience across various industries, adding significant expertise in financial planning and risk management. The new leadership team aligns with Treasure Global's vision to integrate advanced technologies, such as the AI-driven ZCITY Super App, to enhance their digital ecosystem and drive operational excellence. Both executives will receive $80,000 worth of company shares as part of their compensation.
Treasure Global (NASDAQ: TGL) has announced a strategic partnership with Cogia and Credilab to launch an AI-driven 'Super App' named ZCITY, which will integrate secured messaging, a digital asset wallet, and micro-financing solutions. The collaboration aims to enhance user engagement and security within the e-commerce platform. The app targets the burgeoning e-commerce and AI markets, which are expected to grow significantly by 2030. The ZCITY Super App will serve around 3 million users, leveraging advanced AI, fintech, and blockchain technologies to revolutionize the user experience and drive revenue growth for Treasure Global.
Treasure Global Inc (TGL) announced the appointment of Mr. Carlson Thow as its new CEO, replacing Mr. Sam Teo. Mr. Thow, previously Group Chief Legal Officer at VCI Global , brings extensive experience in corporate leadership, business strategy, and transformation. At VCI Global, he was pivotal in the company's transition to a publicly listed entity on Nasdaq, revenue growth, and enhanced shareholder value. Mr. Thow holds degrees in law and business administration and has a strong background in mergers, acquisitions, and corporate finance. The Board expressed gratitude to Mr. Teo and confidence in Mr. Thow's ability to drive Treasure Global's strategic direction and growth. Mr. Thow's compensation includes $120,000 worth of shares, issued monthly during his first year.
Treasure Global has announced a 113.5% increase in transactions for TAZTE, its innovative digital food and beverage management system. The total number of transactions reached 7,540, and the number of monthly transacted users rose by 55% to 3,752. This significant growth was achieved without any additional marketing funds.
The market for mobile POS payments in Malaysia is projected to reach $4.73 billion by the end of 2024 and $10.04 billion by 2028, presenting substantial growth potential for TAZTE. The company has extended the complimentary trial period for TAZTE until June 2024, allowing for further development and user feedback.
TAZTE has also introduced new features, including automated order acceptance and error troubleshooting, aimed at optimizing operations and increasing revenue for merchants. The system integrates with Treasure Global’s ZCITY app, leveraging a user base of over 2.6 million to provide valuable customer insights and enhance profitability.
Treasurer Global aims to revolutionize the F&B industry in Malaysia, driving operational efficiencies and boosting profitability for its merchant partners.
Treasure Global (NASDAQ: TGL) has secured a US$2 million contract from ELMU Education Group to deploy a Smart Campus Management System. The global smart learning systems market is projected to reach US$103.08 billion by 2026, with a CAGR of 22.5%, while the IoT in Education market is expected to grow from US$11.17 billion in 2024 to US$48.23 billion by 2031 at a CAGR of 20.06%. The system, supporting over 500,000 smart hardware devices, aims to enhance energy data insights, device management, and green energy initiatives, promoting efficiency and sustainability in educational institutions.
Treasure Global announced a strategic collaboration between its subsidiary, ZCITY, and a leading telecommunications company to launch an AI-powered crypto mining service integrated with ZCITY’s new Mobile Virtual Network Operator (MVNO) offerings.
The initiative leverages advanced AI algorithms to optimize crypto mining processes, creating a profitable new revenue stream. The partnership aims to tap into a projected US$135 billion market opportunity by 2030, generating an anticipated US$25 million annual revenue.
With a current user base of 2.69 million and 20,000 active users, Treasure Global aims to grow to 100,000 active users within 12 months, increasing monthly revenue fivefold to US$2 million. This move strengthens Treasure Global’s commitment to blockchain technology and positions them for substantial growth in the telco and crypto markets.
Treasure Global (NASDAQ: TGL) reported its third-quarter fiscal year 2024 results, highlighting a 47% year-over-year increase in gross profit to $0.22 million. The company secured a $2 million marketing contract for Korean beauty products and emerged as the exclusive partner for an AI Blockchain Wallet on Telegram.
TGL's revenue for the quarter stood at $1.6 million, a decrease from $6.7 million in Q2 2024, reflecting a strategic shift towards higher profit margin channels. Net loss decreased by 41% to $1.7 million.
Key achievements include compliance with Nasdaq’s minimum bid price, a silver trophy for Best eCommerce Solution at the 2023 Asia eCommerce Awards, and a significant partnership with AIO Synergy. TGL also launched a Live Commerce Solution on Meta Platforms and expanded its gaming market presence with AI-enhanced mini-games.
The company remains optimistic about future growth and strategic initiatives aimed at capitalizing on the Southeast Asian market.
Treasure Global Inc (NASDAQ: TGL) has emerged as the exclusive partner for an AI Blockchain Wallet on Telegram, marking a significant development in the blockchain industry. By securing the first right of refusal, the company solidifies its competitive advantage and opens up avenues for revenue expansion. This strategic collaboration underscores Treasure Global’s commitment to spearheading innovation and embracing emerging technologies, positioning it for robust growth and revenue generation.
Treasure Global Inc (NASDAQ: TGL) has announced its 2024 Annual General Meeting of Shareholders to be held on June 11, 2024, conducted virtually. The board of directors supports the proposed resolutions and urges shareholders to vote in favor. Shareholders as of the Record Date on April 29, 2024, are entitled to participate by voting online, by phone, or through mailing a proxy card.
Treasure Global's subsidiary, ZCITY, secured a US$2 million marketing contract to promote Korean beauty products in Malaysia and Southeast Asia using its AI Marketing Engine. The contract signifies a significant milestone for Treasure Global as it expands its presence in the beauty industry, leveraging advanced artificial intelligence technology to drive sales growth. The Malaysian beauty market presents lucrative opportunities, with Korean beauty products gaining traction.
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