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Stock impact report

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

Treasure Global Inc. (TGL) 
Company Research Source: Yahoo! Finance
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. The exponential growth of the livestream commerce market in China is significant. From less than 120 billion RMB in 2018, the gross merchandise value of eCommerce live streaming surged to 2.27 trillion RMB in 2021, marking an increase of over 18 times. Recent reports indicated that in 2023, the market had reached a projected value of 4.9 trillion RMB, showc Show less Read more
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