Treasure Global Inc. (TGL) operates an e-commerce platform specifically designed for the Malaysian market. This digital marketplace connects consumers with local businesses, ...
Treasure Global Inc. (TGL) is a technology solutions provider headquartered in New York, NY, with operations focused on Malaysia. Founded in 2020, the company develops and operates digital platforms that facilitate online-to-offline (O2O) e-commerce. Its primary product, the ZCITY Super App, serves as a digital marketplace where consumers can access ...Treasure Global Inc. (TGL) is a technology solutions provider headquartered in New York, NY, with operations focused on Malaysia. Founded in 2020, the company develops and operates digital platforms that facilitate online-to-offline (O2O) e-commerce. Its primary product, the ZCITY Super App, serves as a digital marketplace where consumers can access a variety of lifestyle needs, including food and beverage, travel bookings, activities, essential services, and loyalty programs. The app also offers instant rebates, affiliate cashback, and e-payment capabilities, enhancing user engagement and driving transactions for local merchants. Additionally, TGL provides 'z-city,' a cross profit-sharing platform that enables business owners to market their products, expand their professional networks, and participate in shared earnings and incentives. This dual-facing model targets both consumers and merchants, aiming to drive digital transformation in the region. The company was incorporated in 2020 and went public on NASDAQ in August 2022. With a small team of 12 employees, TGL focuses on leveraging technology to streamline commerce. Financially, the company has faced challenges, with negative profitability metrics and a market capitalization of around $5.9 million. Its revenue per share is $2.34, but net income per share is negative, indicating ongoing losses. The company's enterprise value is about $3 million, and it operates with a current ratio of 3.57, suggesting adequate short-term liquidity. Key financial metrics show low debt levels relative to equity, and the company continues to invest in growth initiatives. Leadership includes Acting CEO Sam Teo, who has been reappointed to steer the company's growth. Overall, Treasure Global aims to capitalize on Malaysia's growing digital economy and expand its platform's reach.