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CEO’s Letter of LZ Technology Holdings Limited
Globenewswire· 2025-10-30 13:00
Core Insights - LZ Technology Holdings Limited has undergone a significant transformation from an advertising company to a platform-driven technology enterprise, integrating various services such as digital media, e-commerce, and travel [2][4] Financial Performance - Total revenue for FY2024 reached RMB 823 million (USD 113 million), marking a year-over-year growth of 44.6% [8] - Revenue from Local Life – Retail Sales surged 122.7% year-over-year to RMB 273 million (USD 37 million), accounting for 33.2% of total revenue, a significant increase from the previous year [8] Strategic Initiatives - The company has launched a globalization strategy, starting with the Middle East, and has established a strategic cooperation framework with Dubai's MBH group to create a joint venture in the UAE [3][4] - LZ Technology aims to replicate its successful business model in the Middle East by combining its technology and operational experience with local market demands [4] Technological Advancements - The company is accelerating its integration with blockchain technology, exploring collaborations in areas such as Real-World-Asset (RWA) tokenization and digital payments to enhance transaction efficiency and user rights protection [5] Growth Strategy - Over the next three years, LZ Technology will implement a "Scale-First" strategy to expand its platform reach and business breadth, focusing on user base growth and optimizing product structure [6]
LZ Technology Holdings Limited(LZMH) - Prospectus(update)
2024-07-24 18:06
As filed with the U.S. Securities and Exchange Commission on July 24, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 LZ Technology Holdings Limited (Exact name of Registrant as specified in its charter) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) Unit 311, Floor 3, No. 5999 Wuxing Avenue, Zhili Town, Wuxing District Huzhou City, Zhejiang province ...