UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
“JAAG” JAAG ENTERPRISES LTD. Announces Strategic Partnership to Develop AI-Driven Fashion
App
On February 15, 2025, “JAAG” JAAG ENTERPRISES LTD. (“the Company”), entered into a strategic
partnership with Synthesis Innovation Limited, a leading Asia innovator in artificial intelligence technologies, to develop a cutting-edge
AI application for clothing design, suiting, and sales.
This groundbreaking collaboration aims to harness the power of AI to revolutionize the
fashion industry by providing advanced design tools, personalized fitting solutions, and an efficient sales platform. By leveraging JAAG’s
expertise in AI and Synthesis Innovation Limited’s extensive experience in the fashion sector, the app will offer unparalleled convenience
and customization for both designers and consumers.
Strategic Importance and Market Opportunities
The global fashion industry is undergoing a significant transformation, driven by the increasing
demand for personalized and innovative solutions. The Asia fashion market, in particular, is projected to reach USD 401.10 billion by
2025, experiencing a compound annual growth rate (CAGR) of 10% from 2024 to 2031. This AI app developed through this partnership is poised
to address these market needs, offering:
Enhanced Design Capabilities: Utilize AI to streamline the design process, enabling designers
to create unique, high-quality clothing with precision and speed.
Personalized Fitting Solutions: Provide consumers with custom-tailored recommendations
based on their individual measurements and preferences, enhancing the shopping experience.
Efficient Sales Platform: Integrate seamless e-commerce functionalities to connect designers
with a global customer base, driving sales growth.
Asia is home to some of the largest and fastest-growing fashion eCommerce markets, including
China, South Korea, Japan, India, and Indonesia. South Korea, for instance, has over 60% of all fashion retail sales taking place online,
while Indonesia recorded the highest growth in Asian fashion eCommerce, with a yearly increase of 23%.
This partnership aligns with JAAG’s strategic vision to expand its AI applications into
high-growth industries, positioning the company as a key player in the future of fashion technology.”
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Jaag Enterprises, Ltd. | |||
| February 18, 2025 | By: | /s/ Peng Wu | |
| Peng Wu, Chief Executive Officer | |||
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