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.

Earnings data Q3 2024

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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, 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.

Treasure Global and AIO Synergy Solutions Collaborate on Development of Data Center for AI Applications

Taps into Malaysia's Exponential Growth in e-Commerce, Projected to Reach $20.93 Billion by 2029 Taps into Malaysia's Exponential Growth in e-Commerce, Projected to Reach $20.93 Billion by 2029

Treasure Global's ZCITY Launches Live Commerce Solution on Meta Platforms

NEW YORK and KUALA LUMPUR, Malaysia, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, today announced the launch of 10 exciting mini-games in ZCITY 3D World, allowing TGL to tap into the projected US $212.4 billion global gaming industry. The integration is powered by TGL's Artificial Intelligence (“AI”) Game Creator.

Treasure Global Launches 10 Mini Games Integrated with AI Game Creator in ZCITY's 3D World, Enters Booming Global Gaming Market

Strategic Action Strengthens Financial Position NEW YORK and KUALA LUMPUR, Malaysia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (the “Company” or “Treasure Global”) (NASDAQ: TGL), an innovative technology solutions provider, today announced that it has signed an agreement with YA II PN, Ltd to retire all its outstanding convertible debt notes, following the Company's recently announced $4.0 million public offering. On November 30, 2023, Treasure Global announced that it successfully closed a $4.0 million public offering.

Treasure Global Signs Agreement to Retire Convertible Debt Notes

NEW YORK and KUALA LUMPUR, Malaysia, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”) today closed its previously announced underwritten public offering of 26,014,000 shares (the “Shares”) of common stock, par value $ $0.00001 per share (“Common Stock”), at a public offering price of $0.10 per share, and 14,000,000 pre-funded warrants (the “Pre-Funded Warrants”), each with a right to purchase one share of Common Stock at a public offering price of $0.0999 per Pre-Funded Warrant, for aggregate gross proceeds of approximately $4.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 6,002,100 shares of Common Stock at the public offering price per Share and/or pre-funded warrants in lieu thereof at the public offering price per Pre-Funded Warrant, less the underwriting discounts to cover over-allotments, if any.

Treasure Global Inc Announces Closing of $4.0 Million Public Offering

Revolutionizing E-Commerce: Premium Store Launch Marks a Paradigm Shift in Digital Shopping, Accompanied by Prestigious Win at MARKETING-INTERACTIVE Asia eCommerce Awards 2023 Revolutionizing E-Commerce: Premium Store Launch Marks a Paradigm Shift in Digital Shopping, Accompanied by Prestigious Win at MARKETING-INTERACTIVE Asia eCommerce Awards 2023

Treasure Global Unveils Premium Store, Paving the Way for an Elevated ZCITY Experience and Substantial Growth

NEW YORK and KUALA LUMPUR, Malaysia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), a leading innovative technology solutions provider, today announced the pricing of its underwritten public offering of 26,014,000 shares (the “Shares”) of common stock, par value $0.00001 per share (“Common Stock”), at a public offering price of $0.10 per share, and 14,000,000 pre-funded warrants (the “Pre-Funded Warrants”), each with a right to purchase one share of Common Stock at a public offering price of $0.0999 per Pre-Funded Warrant, for aggregate gross proceeds of approximately $4.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 6,002,100 shares of Common Stock at the public offering price per Share and/or pre-funded warrants in lieu thereof at the public offering price per Pre-Funded Warrant, less the underwriting discounts to cover over-allotments, if any. The offering is expected to close on November 30, 2023, subject to satisfaction of customary closing conditions.

Treasure Global Inc Announces Pricing of $4.0 Million Underwritten Public Offering

Increased Registered Users to Over 2.66 Million as of November 6, 2023 Reported Gross Profit of Approximately $0.16 Million for First Quarter Fiscal 2024, up 338% Year-Over-Year Unveiled AI Robot for TikTok Live Commerce, Offering Extended Hours and Personalization of E-Commerce Experience Launched Its ZCITY App Merchant AI Engine in Collaboration with Boost, the Regional Fintech Arm of Axiata Announced Partnership with UCSI Hospital to Promote the Malaysia Healthcare Tourism Program, with Revenue Generation Opportunity for TGL NEW YORK and KUALA LUMPUR, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” or the “Company”), an innovative technology solutions provider, today reported its financial results for the first quarter of fiscal 2024 ended September 30, 2023, and provided a business update. “TGL has made significant progress as we continue to grow in the technology and Food & Beverage (“F&B”) sectors, while also expanding into new markets,” said Sam Teo, Chief Executive Officer of TGL.

Treasure Global Reports First Quarter Fiscal Year 2024 Results

ZCITY's Innovative Technology Acquire an Artificial Intelligence Technology of Tencent Sets the Stage for Game-Changing TikTok Partnership ZCITY's Innovative Technology Acquire an Artificial Intelligence Technology of Tencent Sets the Stage for Game-Changing TikTok Partnership

Treasure Global Inc Unveils Ground-breaking AI Robot for TikTok Live Commerce, Revolutionizing E-commerce Experience

Treasure Global will leverage access to over 600,000 diverse merchants from Boost to pioneer the integration of ZCITY App's innovative merchant AI engine to develop highly personalized eVoucher offerings, growing revenue and brand expansion Treasure Global will leverage access to over 600,000 diverse merchants from Boost to pioneer the integration of ZCITY App's innovative merchant AI engine to develop highly personalized eVoucher offerings, growing revenue and brand expansion

Treasure Global Inc Partners with Boost to Revolutionize eVoucher Deals with ZCITY App's Merchant AI Engine

Achieved ZCITY User Milestone Reaching Over 2.6 Million Registered Users as of September 25, 2023 Reported Gross Profit of Approximately $0.52 Million for Fiscal 2023, up 9.9% Year-Over-Year Active User Retention Rate up 280% Year-Over-Year 41% Of Paid Users Transacted Three or More Times a Quarter over Fiscal 2023, an Increase of Approximately 24% Year-Over-Year NEW YORK and KUALA LUMPUR, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL”, or the “Company”), an innovative technology solutions provider, today reported its financial results for the fourth quarter and fiscal year ended June 30, 2023.

Treasure Global Reports Fourth Quarter & Fiscal Year 2023 Results

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NEW YORK and KUALA LUMPUR, Malaysia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the “Company”), an innovative technology solutions provider, today announced that the Company will participate at the H.C. Wainwright 25th Annual Global Investment Conference to be held at The Lotte New York Palace Hotel in New York City, September 11-13, 2023.

Treasure Global to Participate in the H.C. Wainwright 25th Annual Global Investment Conference, September 11-13, 2023

NEW YORK and KUALA LUMPUR, Malaysia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Abe Yus Malaysia, a distinguished F&B brand under the esteemed Treasure Global Inc (NASDAQ: TGL) umbrella, proudly announces its successful accreditation in the esteemed Perbadanan Nasional Berhad (PERNAS) Pre-Franchise Program. This significant achievement paves the way for aspiring Bumiputera entrepreneurs to access startup financing, marking a milestone in culinary entrepreneurship and empowerment.

Treasure Global's Abe Yus Malaysia (Kari Puff Abe Yus) Advances With Expansion via PERNAS Pre-Franchise Program Accreditation

Collaborative Venture Marks Significant Milestone for TGL in Expanding its Proprietary App, ZCITY, into the Indonesian market Collaborative Venture Marks Significant Milestone for TGL in Expanding its Proprietary App, ZCITY, into the Indonesian market

Treasure Global Inc to Form E-Commerce Ventures in Indonesia with Industry Pioneers Ariadi Anaya and Budihardjo Iduansjah

NEW YORK and KUALA LUMPUR, Malaysia, July 28, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the “Company”), an innovative technology solutions provider, today announced that Chief Executive Officer, Sam Teo, has increased his holding in the Company. On July 27, 2023, Mr. Teo purchased 121,802 additional shares, valued at USD 101,096.

News for Treasure Global Inc Stock (TGL)