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Tag: NASD:TGL

  • Treasure Global (TGL) Announces Strategic Expansion, Stock Gains Momentum

    Treasure Global (TGL) Announces Strategic Expansion, Stock Gains Momentum

    Treasure Global Inc.’s (NASDAQ: TGL) stock had a sharp increase when a key strategic initiative was revealed. TGL’s shares rose 56.74% to $3.26 as of the most recent trading session. The company’s exclusive cooperation with Mezzofy (Hong Kong) Limited, a renowned pioneer in digital coupon management systems, is the reason for the rally.

    Exclusive Distribution Rights in Malaysia

    Treasure Global has obtained exclusive distribution rights for Mezzofy’s cloud-based “Coupon-as-a-Service” (CaaS) platform in Malaysia under the recently signed contract. With anticipated recurring annual sales of $2 million to $4 million in the first year alone, this decision puts TGL in a position to benefit from the nation’s expanding hunger for digital solutions.

    Prominent retailers including Coffee Concepts (Hong Kong) Limited (Starbucks Hong Kong) and Sa Sa International Holding Limited trust Mezzofy’s platform, which as of 2024 processed over $40 billion in digital coupon transactions across 15 regions. The solution streamlines client engagement and improves scalability by enabling businesses to quickly develop, distribute, and manage digital discounts without incurring extra infrastructure expenditures.

    Enhancing Malaysia’s Digital Rewards Ecosystem

    Treasure Global wants to speed up merchant onboarding by utilizing its strong digital skills and local presence. Strong synergies are anticipated from this partnership, which will boost Malaysia’s larger drive towards digital transformation, which is being driven by the country’s supporting policies and widespread smartphone use. TGL is at the forefront of Malaysia’s developing digital rewards ecosystem thanks to its approach.

    Market Prospects Indicate Potential Growth

    The growth of e-commerce platforms and the widespread use of cellphones are important factors. Treasure Global’s market position is reinforced by this strategic alliance, which also highlights the company’s dedication to providing creative, profitable solutions. TGL is positioned to open up new income streams and solidify its position as a driving force behind digital commerce in Southeast Asia by spearheading Mezzofy’s rollout in Malaysia.

  • Notable Recovery For Treasure Global (TGL) During Extended Session

    Notable Recovery For Treasure Global (TGL) During Extended Session

    Treasure Global Inc. (NASDAQ: TGL) experienced a notable recovery in its stock price during the extended trading session on Monday. TGL shares surged by 7.01% to reach $2.29, rebounding from a -10.83% loss during the regular session, which concluded at $2.14. Recent developments appear to have supported this stock price recovery.

    Strategic Acquisition By Treasure Global

    Treasure Global (TGL) has announced plans to buy a 100% stake in Who Knows Wins Ltd (WKW), a privately owned firm situated in the United Kingdom. WKW runs an innovative online platform centered on social sports interaction. Treasure Global plans to use WKW’s platform to penetrate the U.S. market, collaborating with big gaming companies to accelerate expansion.

    The purchase is consistent with Treasure Global’s strategic ambition of leveraging breakthrough technologies to drive revenue growth, develop in the United States, and establish WKW as a major player in the sports engagement and gaming sectors. WKW has developed a unique and robust proprietary technology platform. Their system uses a sophisticated ecosystem of game logic and APIs to power a proprietary ‘Game Engine’ that drives their app.

    Key features include real-time scores via a live sports data feed, integration with social platforms, settlement and notifications, live-action reporting, complex gameplay logic and market setup, anti-money laundering measures, and third-party payment integration. By integrating WKW’s platform, Treasure Global aims to enhance its offerings and solidify its leadership in the gaming technology sector.

    Industry Growth and Future Potential

    The sports technology industry is rapidly evolving, driven by a growing need for interactive and personalized fan experiences. According to Grand View Research, the global sports technology business is predicted to increase at a compound annual rate of 20.8% between 2023 and 2030. This increase is being driven by the need for technology-based sports services that promote audience participation and entertainment, as well as the digital transformation of arenas and stadiums.

    The potential of this acquisition complements Treasure Global’s roadmap. Treasure Global’s strengths and competencies allow it to use WKW’s unique platform, which has a track record of engaging users and producing revenue. By unlocking the potential of this acquisition, Treasure Global aims to deliver exceptional value to its stakeholders and clients.

  • Acquisition Move Propels Treasure Global (TGL) To Stock Recovery

    Acquisition Move Propels Treasure Global (TGL) To Stock Recovery

    Treasure Global Inc. (NASDAQ: TGL) experienced a significant rebound on the US stock charts on Monday, following a strategic acquisition move. Despite a 5.36% decline during regular trading hours, TGL shares fully recovered after-hours, climbing 5.66% to close at $2.80.

    Strategic Acquisition by Treasure Global

    Treasure Global declared its intention to buy all of the shares of Who Knows Wins Ltd. (WKW), a privately held business with headquarters in the UK. WKW operates an innovative online platform focusing on interactive social sports. TGL intends to leverage WKW’s platform to penetrate the US market, aligning with major gaming brands to drive growth and expand its reach.

    Leveraging Advanced Technologies for Market Expansion

    The acquisition aligns with Treasure Global’s strategic vision of utilizing cutting-edge technologies to drive revenue growth and expand its presence in the USA. WKW’s platform, known for its robust and proprietary technology, integrates game logic and APIs to create a proprietary ‘Game Engine.’

    Real-time sports data feeds, social media platform connection, alerts, live-action reporting, intricate gaming logic, anti-money laundering (AML) safeguards, and third-party payment integration are some of the important features. By incorporating WKW’s advanced platform, Treasure Global aims to enhance its offerings, providing clients with sophisticated tools and strengthening its position as a leader in the gaming technology industry.

    Strategic Partnerships and Future Prospects

    WKW has established a strategic partnership with GolfNow LLC, a leading golf technology company and a subsidiary of NBC. “GolfNow Compete” is the name of a new stat monitoring, social, and competitive golf app that GolfNow has released. In addition to developing new features for the GolfNow Compete App, WKW will offer a white-label service.

    These services will feature GolfNow Sponsored Leagues, accessible to WKW players via the WKW site and golfers through the GolfNow Compete App. The growing need for customized and engaging fan experiences is propelling the fast evolution of the sports technology sector.

    The worldwide sports technology market is expected to expand from 2023 to 2030 at a compound annual growth rate (CAGR) of 20.8%, according to Grand View Research. With its advantages over competitors and a track record of successfully attracting customers and generating income, Treasure Global is well-positioned to take use of WKW’s cutting-edge platform.

  • Beyond Expectations: ZCITY’s Premium Store Achieves Milestones For Treasure Global (TGL)

    Beyond Expectations: ZCITY’s Premium Store Achieves Milestones For Treasure Global (TGL)

    The current trading session observes a notable upsurge in Treasure Global Inc. (NASDAQ: TGL) stock. Presently, TGL shares exhibit a remarkable 38.26% increase, reaching $6.06 on the US stock charts. This upward momentum in TGL’s share value appears to be spurred by recent advancements despite the absence of any immediate news developments.

    Treasure Global (TGL) recently declared the triumph of ZCITY’s Premium Store, achieving significant milestones within the initial four-month period since its inception. The Premium Store has not only exceeded sales projections but has also substantially amplified user interaction. The corporation anticipates that the success of the ZCITY Premium Store will positively impact its revenue growth.

    Treasure Global’s steadfast dedication to innovation and adapting to shifting consumer demands is vividly portrayed through the remarkable accomplishments of the ZCITY Premium Store. Since its launch, the Premium Store has vended over 6,000 Bill Saver Bonanza Packs, comprising 10 units of RM10 bill payment vouchers and 2,000 Zcoins. This noteworthy sales performance underscores the platform’s efficacy in stimulating transactions and augmenting revenue streams.

    By harnessing cutting-edge AI tools, including technologies developed by OpenAI, ZCITY has gained invaluable insights into user expenditure patterns and preferences. This data-centric approach has empowered the Premium Store to furnish highly personalized packages tailored to individual user requisites and inclinations, thereby fostering heightened engagement and contentment among ZCITY’s user base.

    Since its inception, the Premium Store has made substantial contributions to TGL, aiding the Company in achieving a 48% year-over-year revenue surge for the second quarter of fiscal year 2024, or the three-month period ending December 31, 2023. This substantial growth underscores the strategic significance of the Premium Store in propelling business expansion and profitability for Treasure Global.

    Emphasizing on higher-margin ventures, including ZCITY’s Premium Store, Treasure Global has also realized notable enhancements in its financial performance. During the second quarter of fiscal year 2024, the Company’s year-over-year net loss has diminished from US$2.0 million to US$1.2 million, reflecting the efficacy of strategic endeavors such as the ZCITY Premium Store in driving business expansion and profitability.

    Treasure Global remains steadfast in its commitment to fostering innovation and delivering unparalleled user experiences. With the continued prosperity of the ZCITY Premium Store, the Company anticipates further enriching its offerings and extending its reach into pivotal markets.