Treasure Global Inc

Treasure Global, Inc. provides payment solutions. It is created an innovative online-to-offline (“O2O”) e-commerce platform business model offering consumers and merchants instant rebates and affiliate cashback programs, while providing e-payment solution with rebates in both e-commerce (i.e., online) and physical retailers/merchant (i.e., offline) settings. The company was founded by Darren Tan on March 20, 2020 and is headquartered in New York, NY.

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Treasure Global, Inc. engages in the provision of payment solutions. It created an innovative online-to-offline (O2O) e-commerce platform business model offering consumers and merchants instant rebates and affiliate cashback programs, while providing e-payment solution with rebates in both e-commerce (i.e., online) and physical retailers/merchant (i.e., offline) settings. The company was founded by Darren Tan on March 20, 2020 and is headquartered in New York, NY.

NEW YORK and KUALA LUMPUR, Malaysia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading e-commerce platform operator through its ZCity application, today announced the signing of a significant partnership agreement with Octagram Investment Limited (“OCTA”), a software development firm specializing in scalable solutions across various sectors. This strategic collaboration aims to enhance user engagement and drive growth through the integration of innovative mini-game modules into the ZCity platform. This collaboration aims to drive growth and enhance user engagement through the integration of innovative technology modules into the ZCity platform, including interactive mini-games.

Treasure Global Inc Announces Strategic Service Partnership with Octagram Investment Limited

NEW YORK and KUALA LUMPUR, Malaysia, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, is pleased to announce that it has completed its previously disclosed at-the-market equity offering program (“ATM Offering”) launched on March 22, 2024, and the termination of the same with H.C. Wainwright & Co., LLC, as sales agent on September 25, 2024.

Treasure Global Inc Announces Termination of its At-The-Market Offering Program

NEW YORK and KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, is pleased to announce the appointment of two new independent directors, Mr. Leong Wei Ping and Mr. Anand Ramakrishnan to its Board. This strategic move underscores the Company's ongoing efforts to strengthen its leadership team and enhance its corporate governance as it continues to scale its operations and expand its global presence.

Treasure Global Inc Strengthens Leadership with Appointment of New Independent Directors

NEW YORK and KUALA LUMPUR, Malaysia, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, today announced that it has submitted a request to withdraw its S-1 Registration Statement originally filed with the U.S. Securities and Exchange Commission (SEC) on July 26, 2024.

Treasure Global Inc Announces Request to Withdraw S-1 Registration Statement

NEW YORK and KUALA LUMPUR, Malaysia, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, is pleased to announce plans to integrate TikTok Shop with ZSTORE, an online store offering a wide range of groceries within the ZCITY Super APP (“ZCITY”). This integration will enable the Company to showcase and sell products directly within the TikTok Shop, a video-focused social media platform with over 150 million viewers.

Treasure Global Inc Announces Integration of TikTok Shop with ZSTORE to Enhance Global Reach and Seamless Shopping Experience

Preliminary pro forma revenue is expected to reach approximately $22.1 million. Preliminary pro forma loss from operations is expected to decrease by approximately $4.6 million. Preliminary pro forma net loss attributable to common stockholders is expected to decrease by approximately $5.5 million

Treasure Global Inc Announces Preliminary Pro Forma Results for the Fiscal Year Ended June 30, 2024

NEW YORK and KUALA LUMPUR, Malaysia, July 16, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, is thrilled to announce its collaboration with VCI Global Limited (NASDAQ: VCIG) (“VCIG”) and Cogia AG (“Cogia”) to strategically plan the rollout of VCIG Secure Cogia Messenger, an integrated secure messenger application with a cryptocurrency wallet for the ZCITY App, enhancing communication and financial services for ZCITY's 3 million users.

Treasure Global Strategically Collaborates with VCI Global and Cogia to Rollout VCIG Secure Cogia Messenger Integrated with Cryptocurrency Wallet for ZCITY's 3 Million Users

NEW YORK and KUALA LUMPUR, Malaysia, July 08, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, announces its plan to acquire 100% shareholding of Who Knows Wins Ltd (“Who Knows Wins” or “WKW”), a privately held company based in the United Kingdom. Who Knows Win is an innovative online platform operator of an interactive focused social sports platform. The Company plans to leverage WKW's innovative platform to penetrate the US market, aligning with major gaming brands to drive growth.

Treasure Global Inc Acquires an Innovative Sports Engagement & Gaming Platform

Leading the Charge in Artificial Intelligence Market to Capture the Growing Global E-Commerce Industry Leading the Charge in Artificial Intelligence Market to Capture the Growing Global E-Commerce Industry

Treasure Global Unveils AI-Driven ZCITY Super App, Integrating Secured Messaging, Digital Asset Wallet, and Micro-Financing Solutions Through Strategic Partnerships

NEW YORK and KUALA LUMPUR, Malaysia, June 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, today announced the appointment of Mr. Carlson Thow as its new Chief Executive Officer, succeeding Mr.

Treasure Global Inc Announces New Chief Executive Officer

NEW YORK and KUALA LUMPUR, Malaysia, June 11, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is pleased to announce that TAZTE Smart F&B system (“TAZTE”), its innovative digital food and beverage (“F&B”) management system, continues to make significant strides in its development and market penetration. Transaction Growth and User Engagement TAZTE has shown impressive year-over-year growth in both transactions and user engagement.

Treasure Global Announces 113.5% Growth in Transactions for TAZTE, its Innovative Digital F&B Management System

Treasure Global Inc (NASDAQ:TGL ) Q3 2024 Results Conference Call May 15, 2024 8:30 AM ET Company Participants Su Chuah - Chief Marketing Officer Sam Teo - CEO, Secretary & Director Operator Good day, everyone and welcome to Treasure Global Inc.'s Third Quarter Fiscal Year 2024 Earnings Call. [Operator Instructions].

Treasure Global Inc (TGL) Q3 2024 Earnings Call Transcript

Reported Gross Profit of Approximately $0.22 Million for Third Quarter Fiscal 2024, up 47% Year-Over-Year Secured a USD$2 million marketing contract aimed to promote prestigious Korean beauty products using its advanced AI Marketing Engine, strategically leveraging the vast revenue potential of the Malaysian and Southeast Asia beauty market Emerged as Exclusive Partner for AI Blockchain Wallet on Telegram, Paving the Way for New Business Opportunities and Spearheading Innovation in the Blockchain Industry Won the silver trophy for Best eCommerce Solution of the MARKETING-INTERACTIVE Asia eCommerce Awards 2023 Successfully Regained Compliance with Nasdaq Minimum Bid Price Requirement. NEW YORK and KUALA LUMPUR, Malaysia, May 15, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, today reported its financial results for the third quarter of the 2024 fiscal year ended March 31, 2024, and provided a business update.

Treasure Global Reports Third Quarter Fiscal Year 2024 Results

NEW YORK and KUALA LUMPUR, Malaysia, May 10, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, previously published a notice to announce it will hold its 2024 Annual General Meeting of Shareholders (“AGM”) on Tuesday, June 11, 2024 at 9:00 a.m. Eastern Time on a fully virtual basis for the purpose of considering and passing the proposed resolutions set forth in the Notice of AGM.

Treasure Global Announces 2024 Annual General Meeting of Shareholders

NEW YORK and KUALA LUMPUR, Malaysia, May 09, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is thrilled to announce that its subsidiary, ZCITY, has secured a groundbreaking US$2 million marketing contract. This contract, honored by Satria Dunia Sdn Bhd, aims to promote prestige Korean beauty products through ZCITY's advanced artificial intelligence marketing engine (“AI Marketing Engine”).

Treasure Global's ZCITY Secures US$2Million Marketing Contract through its AI Marketing Engine

NEW YORK and KUALA LUMPUR, Malaysia, April 11, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is proud to announce ZCITY is in discussions to become the operator of the Malaysia Pavilion, catapulting Treasure Global into the heart of China's booming consumer market. This prestigious invitation from the Shanghai Guangxi Chamber of Commerce signifies a landmark opportunity for Treasure Global to showcase and sell high-quality Malaysian products across a myriad of online and offline platforms, including Taobao, Douyin, Kuaishou, and more.

Treasure Global's ZCITY is Anticipated to be Appointed Operator of Malaysia Pavilion, Tapping into Lucrative China Market

NEW YORK and KUALA LUMPUR, Malaysia, March 08, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider leveraging artificial intelligence (“AI”) advancements, today announced the success of ZCITY's Premium Store, achieving significant milestones in the first four months following its launch. The Premium Store has not only surpassed sales expectations but has also significantly enhanced user engagement.

Treasure Global's AI-Powered ZCITY Premium Store Surpasses Expectations, Selling over 6,000 Bill Saver Bonanza Packs Within Four Months of Launch

NEW YORK and KUALA LUMPUR, Malaysia, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, announced today that it will effect a 1-for-70 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.00001 per share (“Common Stock”). Treasure Global's Common Stock will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the existing symbol “TGL” and will begin trading on a split-adjusted basis when the market opens on February 27, 2024.

Treasure Global Announces 1:70 Reverse Stock Split

AI platform to provide additional innovative capabilities in products, including ZCITY Partnership opens a $26.89 billion market opportunity NEW YORK and KUALA LUMPUR, Malaysia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), an innovative technology solutions provider, today announced, a groundbreaking partnership with Silica-AI (SAI), a leading artificial intelligence or AI technology company driving global industry transformation. This strategic alliance aims to propel AI and IoT innovation across Southeast Asia, leveraging SAI's cutting-edge AI technology and TGL's extensive market reach and expertise.

Treasure Global and Silica-AI Forge Strategic Partnership to Revolutionize AI and IoT Landscape Across Southeast Asia

Treasure Global (NASDAQ: TGL ) stock is taking a beating on Thursday following the release of the e-commerce company's earnings report for its fiscal second quarter of 2024. The bad news for TGL stockholders comes from the company's revenue of $6.71 million during the quarter.

Why Is Treasure Global (TGL) Stock Down 38% Today?

Increased Registered Users to Over 2.68 Million as of December 31, 2023 Reported Gross Profit of Approximately $0.35 Million for Second Quarter Fiscal 2024, up 48% Year-Over-Year Closed $4.0 Million Public Offering and Signed Agreement to Retire Convertible Debt Notes Hosted First-Ever AI Robot for TikTok Live Commerce in Malaysia Announced Collaboration with AIO Synergy Solutions on Development of Data Center for AI Applications NEW YORK and KUALA LUMPUR, Malaysia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, today reported its financial results for the second quarter of the 2024 fiscal year ended December 31, 2023, and provided a business update. “TGL continued to be a leading innovator in our markets, hosting first-ever events on TikTok and Meta Platforms, and signing partnerships with regional leaders like AIO Synergy Solutions to collaborate on the development of a data center for artificial intelligence applications,” said Sam Teo, Chief Executive Officer of TGL.

Treasure Global Reports Second Quarter Fiscal Year 2024 Results

NEW YORK and KUALA LUMPUR, Malaysia, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), a leading technology solutions provider, today announced that Chief Executive Officer of the Company, Sam Teo, increased his stake in the Company by purchasing 1,170,000 shares in the open market, totaling an investment of USD $98,397 with each share acquired at $ 0.0841 per share. Following this transaction, Mr.

Treasure Global CEO Demonstrates Confidence in Company's Future Through Share Purchase

Hosts conference call on Thursday, February 15, 2024 NEW YORK and KUALA LUMPUR, Malaysia, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), an innovative technology solutions provider, today announced that it will report its financial results for the second quarter of fiscal year 2024, which ended on December 31, 2023, after market close on Wednesday, February 14, 2024.    The Company will host a conference call and audio webcast the next morning, Thursday, February 15, 2024, at 8:30 a.m.

Treasure Global to Report Second Quarter Fiscal Year 2024 Results on February 14, 2024

Treasure Global (NASDAQ: TGL ) stock is rising higher on Friday following an update on a stake in the e-commerce activities company by Vt Smart Venture. According to a filing with the Securities and Exchange Commission (SEC), Vt Smart Venture now holds an 18.71% stake in Treasure Global.

Why Is Treasure Global (TGL) Stock Up 21% Today?

NEW YORK and KUALA LUMPUR, Malaysia, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, and AIO Synergy today announced that they have entered into a strategic alliance aimed at reshaping the landscape of artificial intelligence (“AI”). This collaboration, strategically timed amidst Southeast Asia's booming digital economy, works toward the development of next-generation AI solutions and an exclusive state-of-the-art data center created specifically for AI applications.

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