Treasure Global Inc (OQ:TGL)
Business Focus: Application Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 276 5Th Avenue, Suite 704 #739 NEW YORK NY 10001 |
| Tel: | N/A |
| Website: | https://treasureglobal.co |
| IR: | See website |
| Key People | ||
| Chong Chan Teo Chief Executive Officer, Director | Meng Chun Chan Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer | Su Chen Chuah Chief Operating Officer |
| Chen Hoe Sam Chief Technology Officer | Su Huay Chuah Chief Marketing Officer | Jau Long Ooi Vice President | Yi Hui Ho Executive Director |
| Business Overview |
| Treasure Global Inc. is a holding company, which is engaged in developing technology platforms. The Company has created an online-to-offline (O2O) e-commerce platform business model offering consumers and merchants instant rebates and affiliate cashback programs, while providing an e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. It operates through its subsidiaries, namely ZCity Sdn. Bhd. (ZCITY); AY Food Ventures Sdn Bhd; Morgan Global Sdn. Bhd, and Foodlink Global Sdn Bhd. ZCity Sdn. Bhd. owns all intellectual property rights to copyrightable, patentable, and other protectable intangible assets relating to its business, including trademarks. Its proprietary product is an Internet application (or App) branded ZCITY App, which is developed through its wholly owned subsidiary, ZCITY. The ZCITY App targets consumers through the provision of personalized deals based on consumers purchase history, location, and preferences. |
| Financial Overview |
| For the six months ended 31 December 2023, Treasure Global Inc revenues decreased 44% to $20.2M. Net loss decreased 41% to $3.3M. Revenues reflect Gift card or E-voucher segment decrease of 6% to $18.9M, Loyalty program revenue segment decrease of 50% to $108K. Lower net loss reflects SELLING decrease of 50% to $1.3M (expense), Amortization of debt discount decrease of 64% to $358K (expense). |
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