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TNL Mediagene Announces Conclusion of GIZMART's Debut Project "Keychron Nape Pro," Surpassing ¥300 Million in GMV

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TNL Mediagene (Nasdaq: TNMG) announced that GIZMART's debut crowdfunding campaign for Keychron Nape Pro concluded with total GMV of ¥301,388,103 and 23,602 purchasers.

Launched Nov 20, 2025, the campaign reached ¥100 million in GMV within the first 12 hours and maintained sustained demand through its Dec 31, 2025 close, supported by live commerce and editorial-led product development via Gizmodo Japan.

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Positive

  • GMV ¥301,388,103 from first GIZMART project
  • 23,602 purchasers participated in the campaign
  • ¥100 million in GMV achieved within first 12 hours
  • Validated editorial-led media-commerce model through collaboration with Keychron

Negative

  • None.

News Market Reaction

-4.74%
7 alerts
-4.74% News Effect
-22.4% Trough in 30 hr 38 min
-$295K Valuation Impact
$6M Market Cap
0.2x Rel. Volume

On the day this news was published, TNMG declined 4.74%, reflecting a moderate negative market reaction. Argus tracked a trough of -22.4% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $295K from the company's valuation, bringing the market cap to $6M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Total GMV: ¥301,388,103 GMV milestone: Over ¥300 million Initial GMV: ¥100 million +4 more
7 metrics
Total GMV ¥301,388,103 Keychron Nape Pro campaign total at Dec 31, 2025
GMV milestone Over ¥300 million GIZMART debut project cumulative GMV
Initial GMV ¥100 million GMV achieved within first 12 hours of campaign
Purchasers 23,602 Number of purchasers in Keychron Nape Pro campaign
Campaign start date November 20, 2025 Launch date of Keychron Nape Pro crowdfunding
Campaign end date December 31, 2025 Conclusion of Keychron Nape Pro crowdfunding
Initial period 12 hours Timeframe to reach ¥100 million GMV

Market Reality Check

Price: $2.81 Vol: Volume 23,128 is far belo...
low vol
$2.81 Last Close
Volume Volume 23,128 is far below the 20-day average of 535,488, suggesting limited pre-news positioning. low
Technical Price at 2.32 is trading below the 200-day MA of 8.14, reflecting a longer-term downtrend.

Peers on Argus

Sector peers show mixed moves today, with names like EDUC and GCI down while SCH...
1 Up

Sector peers show mixed moves today, with names like EDUC and GCI down while SCHL is up. Momentum scans only flag DRCT moving up, indicating TNMG’s weakness appears stock-specific rather than part of a broad publishing-sector move.

Historical Context

5 past events · Latest: Jan 07 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 07 METI partnership Positive -2.9% Infobahn chosen as lead partner for METI fashion IP program.
Jan 06 AI infra update Positive -2.2% Introduction of NLWeb support to enable AI-native content access.
Dec 30 Corporate update Positive +6.3% FY2025 update highlighting revenue, AI initiatives and content commerce.
Dec 24 Nasdaq listing terms Positive -7.3% Nasdaq panel grants continued listing subject to $1 bid-price rule.
Dec 23 AI products launch Positive -5.0% Launch plans for Agentic Newsroom and CiteRadar AI platforms.
Pattern Detected

Strategic and technology announcements have often been followed by negative 24h price reactions, with only one recent event showing a positive move.

Recent Company History

Over the past few weeks, TNL Mediagene has reported multiple strategic updates, including AI platform launches, corporate presentations, and a METI partnership. Despite generally constructive narratives, four of the last five news events saw 24-hour share-price declines between -2.16% and -7.27%, while one corporate update on Dec 30, 2025 coincided with a +6.25% move. The current GIZMART GMV milestone continues the theme of digital and commerce innovation against a backdrop of volatility and listing-compliance overhangs.

Market Pulse Summary

This announcement highlights concrete validation of TNL Mediagene’s media-driven commerce model, wit...
Analysis

This announcement highlights concrete validation of TNL Mediagene’s media-driven commerce model, with the Keychron Nape Pro campaign reaching ¥301,388,103 in GMV from 23,602 purchasers between November 20 and December 31, 2025. It follows recent AI and platform initiatives, showing parallel progress in both technology and commerce. Investors may watch how GIZMART scales to additional categories and how these projects translate into reported revenue and margin contributions over time.

Key Terms

gross merchandise value, gmv, crowdfunding, live commerce
4 terms
gross merchandise value financial
"campaign for Keychron Nape Pro ... has concluded with gross merchandise value ("GMV") exceeding"
Total dollar value of all goods and services sold through a marketplace or e-commerce platform during a set period, before deducting fees, returns or costs. Think of it as the total amount rung up at the register across an entire shopping mall: it shows the platform’s sales volume and user activity. Investors watch it to gauge growth and marketplace traction, but must pair it with metrics like revenue share and margins to assess profitability.
gmv financial
"has concluded with gross merchandise value ("GMV") exceeding ¥300 million."
Gross merchandise value (GMV) is the total dollar value of all goods and services sold through a platform or marketplace over a given period, measured before deducting fees, returns, or discounts. Investors watch GMV to gauge the raw size and growth of customer activity—like counting every ticket sold at a concert before subtracting organizer costs—while remembering it is not the same as revenue or profit.
crowdfunding financial
"today announced that the crowdfunding campaign for Keychron Nape Pro, the debut project"
Crowdfunding is a method of raising money from a large number of people, typically through online platforms, to fund a project, idea, or business. It works like a virtual community gathering where many individuals contribute small amounts, similar to a group pooling resources to support a cause. For investors, it offers an opportunity to support innovative ideas early on and potentially benefit if the project succeeds.
live commerce technical
"the Company also implemented live commerce initiatives, including live-streamed product presentations"
Live commerce is the sale of products or services through real-time video streams where hosts demonstrate items, answer viewer questions, and provide direct purchase links—think of a televised shopping channel combined with social media interactivity. It matters to investors because it can boost sales, shorten the path from discovery to purchase, and create higher engagement and data on customer preferences; that can translate into faster revenue growth, stronger margins, and clearer signals about which products will scale.

AI-generated analysis. Not financial advice.

– GIZMART's first project concludes with over ¥300 million in GMV, validating the monetization and scalability of the Company's digital media-commerce strategy

–Jointly developed in collaboration with global keyboard and peripheral device brand Keychron, the project demonstrates the Company's ability to monetize its platform through collaborative digital media-commerce initiatives

– The project demonstrated sustained momentum beyond initial launch, following ¥100 million in GMV achieved within the first 12 hours

– Live commerce and continuous editorial engagement contributed to user trust and conversion throughout the campaign period

TOKYO, Jan. 13, 2026 /PRNewswire/ -- TNL Mediagene (Nasdaq: TNMG) (the "Company"), a Tokyo-based next-generation digital media and data group in Asia, today announced that the crowdfunding campaign for Keychron Nape Pro, the debut project of its digital media-commerce platform GIZMART has concluded with gross merchandise value ("GMV") exceeding ¥300 million. Jointly developed in collaboration with global keyboard and peripheral device brand Keychron, the Keychron Nape Pro project demonstrates the Company's ability to monetize its platform through collaborative digital media-commerce initiatives.

Launched on November 20, 2025, the Keychron Nape Pro campaign reached ¥100 million in GMV within its first 12 hours and continued to attract strong demand throughout the campaign period.

At the campaign's conclusion on December 31, 2025, total GMV reached ¥301,388,103, with 23,602 purchasers participating in the project.

Keychron Nape Pro originated from the "Nape" project, a personal development initiative by Koichiro Amito of Gizmodo Japan's editorial team and was jointly developed with global keyboard and peripheral device brand Keychron. The product concept gained early traction following its prototype exhibition at Tokyo Game Show 2025 before being commercialized through GIZMART.

As the first initiative under the Company's multi-year digital media-commerce strategy, GIZMART is operated by the Company's technology media brand Gizmodo Japan and integrates editorial insight, product development, and commerce. The platform positions media not only as content distributors but as co-creators who translate user insight into tangible products.

During the Keychron Nape Pro campaign, the Company also implemented live commerce initiatives, including live-streamed product presentations hosted by editorial staff. These initiatives enabled real-time interaction with users, providing deeper context around product development, use cases, and design intent, while reinforcing trust and transparency throughout the purchasing process.

The sustained purchasing momentum—from the initial launch through the campaign's conclusion—demonstrates the viability of a commerce model driven by editorial credibility, continuous user engagement, and direct collaboration with global hardware partners.

"The conclusion of Nape Pro as GIZMART's first project, surpassing ¥300 million in crowdfunding, clearly demonstrates the potential of a media-driven commerce model that originates from editorial insight and delivers tangible value to users. This project enabled us to explore new commerce approaches, including live commerce initiatives, while engaging directly with users throughout the development and sales process. The learnings gained from this experience will serve as an important foundation for GIZMART's future growth," said Motoko Imada, Co-Founder & President of TNL Mediagene.

Building on the strong performance of its first project, the Company plans to continue expanding GIZMART in 2026 through additional initiatives that apply the same editorial-led development model across new product categories. These future projects will continue to leverage the Company's media expertise to identify user needs, collaborate with creators and partners, and translate editorial insight into product-led commerce initiatives.

About GIZMART
GIZMART is a media-curated e-commerce platform operated by Gizmodo Japan. Drawing on more than a decade of product reviewing experience, the platform offers trusted editorial selection, transparent evaluation, and collaborations with creators and manufacturers to bring high-quality products directly to consumers.

About Gizmodo Japan
Gizmodo Japan, a digital media brand with TNL Mediagene, presents the novelty and context associated with things and events. Through product reviews, the latest news, and interviews with creators, it helps users encounter new values. In addition, Gizmodo Japan's YouTube channel offers a wide range of videos, including review content in which editorial staff members discuss the appeal of products, developer interviews, and technology commentary.
https://www.gizmodo.jp/

About Keychron
Keychron is a brand specializing in the design and manufacturing of high-quality keyboards, mice and peripheral devices. To date, the company has launched more than 40 different keyboard models, each offering a balance of functionality, design, and customization. Keychron has earned strong recognition from keyboard enthusiasts around the world.

About TNL Mediagene
Headquartered in Tokyo, TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc., two of the region's leading independent digital media groups. The company's operations span original and licensed media brands in Japanese, Chinese, and English, covering topics such as news, business, technology, science, food, sports, and lifestyle. It also offers AI-driven advertising services, marketing technology platforms, ecommerce, and innovative solutions tailored to the needs of advertising agencies. Known for its political neutrality, appeal to younger audiences, and high-quality content, TNL Mediagene has approximately 500 employees across Asia, with offices in Japan, Taiwan, and Hong Kong.
https://www.tnlmediagene.com/

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's management. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission, including the risks and uncertainties set forth under the heading "Risk Factors" in TNL Mediagene's Annual Report on Form 20-F filed on April 30, 2025, as may be supplemented or amended by the TNL Mediagene's Reports of a Foreign Private Issuer on Form 6-K.  These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.

 

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SOURCE TNL Mediagene

FAQ

How much GMV did TNL Mediagene's GIZMART generate from the Keychron Nape Pro campaign (TNMG)?

The campaign concluded with ¥301,388,103 in gross merchandise value.

When did the Keychron Nape Pro crowdfunding campaign for TNMG launch and end?

The campaign launched on Nov 20, 2025 and closed on Dec 31, 2025.

How fast did Keychron Nape Pro reach early sales milestones on TNMG's GIZMART?

The project reached ¥100 million in GMV within the first 12 hours of launch.

How many buyers participated in TNMG's Keychron Nape Pro crowdfunding?

23,602 purchasers participated in the campaign.

What strategies did TNMG use to drive conversions for the Keychron Nape Pro campaign?

The company used live commerce and continuous editorial engagement via Gizmodo Japan to build trust and convert users.
TNL Mediagene

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