LZ Technology issues letter to shareholders

LZ Technology (LZMH) issued the following letter from the Company’s CEO to its employees and shareholders. “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, 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, 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.”