Core Insights - The report highlights diverse trends in the global e-commerce market and changing consumer behaviors, indicating that 52% of global consumers shop online at least once a month, with China, Morocco, and Nigeria leading in browsing activity [1][2] - Mobile shopping is predominant, with 83% of millennials using retailer apps, and voice search gaining traction in markets like India and Turkey, where 47% of social shoppers utilize voice commands [1][2] - Logistics and return experiences are critical, as 72% of consumers expect free shipping, and 55% prefer free returns, with high shipping costs (58%) and long delivery times (52%) being significant pain points [1][2] E-commerce Landscape - Social commerce is increasingly influential, with 37% of clothing purchases made through social media, particularly in Turkey and Nigeria, where social shopping penetration exceeds 30% [2][3] - Cross-border shopping is prevalent, with 60% of consumers purchasing overseas at least once a month, driven by factors like free shipping (55%) and secure payment options (50%) [2][3] - Sustainability is emerging as a key demand, with 93% of Nigerian consumers concerned about delivery's environmental impact, and 57% of global consumers willing to pay a premium for eco-friendly options [2][3] Regional Market Differences - Significant regional variations exist, with Mercado Libre dominating 94% of the Argentine market, while Amazon leads in the US and Europe, and Shopee and Lazada have over 80% penetration in Southeast Asia [3] - The growth of second-hand trading and subscription models is notable, with platforms like Vinted promoting a circular economy in Europe, and 42% of UAE consumers engaging in subscription clothing services [3] - Overall, the global e-commerce landscape is evolving towards mobile, social, and localized experiences, with logistics, technological innovation, and sustainability practices becoming competitive core elements [3]

Core Viewpoint - Treasure Global Inc. has successfully reversed its prior-year net loss into a modest net profit, demonstrating significant improvement in profitability through strategic shifts and disciplined cost management [1][4][6]. Financial Highlights - For the third quarter, revenue was $0.67 million, a 58% decrease from $1.60 million in the same quarter of fiscal 2024, but a 121% increase quarter-over-quarter [7]. - Gross profit reached $0.49 million, a 41% year-over-year increase, with gross profit margin rising to 73% from 14% in the prior-year quarter [7]. - Net income was $1.26 million, a turnaround from a net loss of $1.71 million in the prior-year quarter, and earnings per share (EPS) improved to $1.09 from a loss per share of $116.03 [7]. - For the nine-month period, the company reversed a $5.0 million net loss from the prior year into a modest net profit [4][7]. Management Commentary - The CEO highlighted that the third-quarter results reflect a strategic shift towards higher-margin operations and disciplined cost management, leading to a return to net profitability [3]. - The CFO emphasized the financial turnaround, supported by cost controls and a leaner operating structure, positioning the company for greater scalability and recurring revenue [4]. Operational Updates - The company expanded its offerings by introducing a new revenue stream focused on customized software development for enterprise clients through a partnership with Reveillon Group Limited [5]. - A new digital coupon management platform in collaboration with Mezzofy (Hong Kong) Limited is expected to enhance the company's digital commerce ecosystem [8]. Business Outlook - The company aims to build a resilient and scalable business model centered around high-margin verticals, digital innovation, and operational excellence [6]. - Management is confident that the momentum from the return to net profitability sets the foundation for long-term, sustainable growth [6]. Company Overview - Treasure Global is a leading Malaysian solutions provider specializing in innovative technology platforms that drive digital transformation, with its flagship product, the ZCITY Super App, attracting over 2.9 million registered users as of March 2025 [11].