LZ Technology Holdings Reports 44.6% Revenue Growth for FY2024

Reuters

10/30

LZ Technology Holdings Reports 44.6% Revenue Growth for FY2024

LZ Technology Holdings Ltd. reported strong financial results for FY2024, with total revenue reaching RMB 823 million (USD 113 million), marking a 44.6% year-over-year increase. The company's Local Life - Retail Sales segment saw particularly notable growth, with revenue surging 122.7% year-over-year to RMB 273 million (USD 37 million), now accounting for 33.2% of total revenue. LZ Technology highlighted its transformation from an advertising company to a platform-driven technology enterprise, integrating communities, digital media, local lifestyle services, e-commerce, and travel. The company also announced plans to expand its global footprint, particularly targeting the Middle East, and accelerate integration with blockchain technology, focusing on areas such as Real-World-Asset tokenization and digital payments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LZ Technology Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565215-en) on October 30, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LZ Technology Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9565215-en) on October 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3QW5Z07.USD","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251030:nNDL7KKlSt:1","article_id":"2579986142","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579986142","pubTimestamp":1761829235,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"LZ Technology Holdings Ltd. reported strong financial results for FY2024, with total revenue reaching RMB 823 million , marking a 44.6% year-over-year increase. 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