LZ Technology CEO Outlines Global Expansion And Blockchain Integration In Letter, Highlights 44.6% Revenue Growth In FY24 And Entry Into Middle East Market
LZ Technology Holdings Limited (NASDAQ:LZMH) ("LZ Technology" or the "Company"), an information technology and advertising company, today issued the following letter from the Company's CEO to its employees and shareholders.
Dear Fellow Colleague and Shareholder,
The year 2025 marks a pivotal moment in the transformation of LZ Technology. On behalf of the management team, I would like to express my heartfelt appreciation to every employee for your dedication and to all our shareholders for your unwavering trust and support.
Over the past few years, LZ Technology has completed a deep transformation—from an advertising company into a platform-driven technology enterprise. Today, LZ Technology is no longer defined by advertising alone. We have evolved into an integrated platform that connects communities, digital media, local lifestyle services, e-commerce, and travel, reshaping how communities and commerce interact at scale.
Our FY2024 results clearly demonstrate the strength of this transformation:
- Total Revenue reached RMB 823 million (USD 113 million), representing a year-over-year growth of 44.6%, driven by robust business momentum.
- Local Life – Retail Sales revenue surged 122.7% year-over-year to RMB 273 million (USD 37 million), accounting for 33.2% of total revenue—up significantly from the previous year.
Looking ahead, we will continue to expand investment in our high-growth verticals—e-commerce and travel—leveraging our established community reach and traffic advantages to build a synergistic and sustainable business ecosystem.
In parallel, we have formally launched our globalization strategy, with the Middle East as our first destination. We have reached a strategic cooperation framework with Dubai's MBH group, and plan to establish a joint venture in the UAE that integrates LZ Technology's technological expertise with local resources to tap into the region's vast market potential.
Our goal is to "build another LZ Technology" in the Middle East—combining our proven technology and operational experience from the Chinese market with localized demand to create a digital-ecosystem platform with distinctive regional characteristics. This will represent not only market expansion, but also a global validation of LZ Technology's brand and business model.
At the same time, LZ Technology is accelerating its integration with blockchain technology. We are actively exploring diverse collaborations with leading blockchain enterprises—particularly in areas such as Real-World-Asset (RWA) tokenization and digital payments. We believe blockchain will bring a revolutionary upgrade to our platform's trust mechanisms, transaction efficiency, and user-rights protection—forming a stronger technological foundation for LZ Technology in the digital-economy era.
While LZ Technology is already a leader in its field, we recognize the vast room for continued growth. Over the next three years, we will steadfastly execute our "Scale-First" strategy, expanding both platform reach and business breadth. We will grow our user base, optimize our product structure, and strengthen our global footprint to create a replicable, scalable growth model. Only with sufficient scale can we build the network effects and competitive moat that define truly enduring platform enterprises.
Every breakthrough we achieve, every new market we enter, and every user who places trust in us strengthens our drive to move forward. LZ Technology will continue to expand its platform and global footprint with focus, discipline, and resolve. Together, let us build LZ Technology into a world-class technology platform that connects communities across the globe.
Thank you for your continued trust and support.
With my best regards,
Theo Zhang