Welcome to our dedicated page for Treasure Global news (Ticker: TGL), a resource for investors and traders seeking the latest updates and insights on Treasure Global stock.
Treasure Global Inc (TGL) delivers innovative e-commerce solutions through its ZCITY consumer rewards app and TAZTE merchant management platform. This news hub provides investors and industry observers with essential updates on the company’s strategic initiatives in digital payments and retail technology.
Access timely announcements including quarterly financial results, platform enhancements, and strategic partnerships. Our curated collection ensures transparent tracking of TGL’s progress in bridging online/offline commerce through cashback rewards and automated F&B operations tools.
Key updates cover ZCITY App feature rollouts, TAZTE system adoptions, and market expansion efforts. Stay informed about developments in AI-driven personalization and merchant analytics – critical components of TGL’s digital ecosystem strategy.
Bookmark this page for streamlined access to verified TGL announcements. Check regularly for insights into how the company’s dual-platform approach continues shaping Southeast Asia’s fintech and e-commerce landscapes.
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.
Treasure Global Inc (NASDAQ: TGL) will report its financial results for the third quarter of fiscal year 2024 on May 14, 2024. The conference call and webcast will feature remarks by CEO Sam Teo on May 15, 2024.
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