Singapore, Jan. 12, 2026 (GLOBE NEWSWIRE) -- WEBUY GLOBAL LTD (Nasdaq: WBUY) (the “Company” or “Webuy”) today announced an expanded collaboration with CTG MICE Service Company Limited, a subsidiary of China Tourism Group, to support the planned deployment of its AI-powered smart travel guide devices across major museums and cultural attractions in China. China is one of the world’s largest tourism markets. According to the Ministry of Culture and Tourism of the People’s Republic of China, China recorded app ...

Core Viewpoint - WEBUY GLOBAL LTD is currently not in compliance with Nasdaq's Minimum Stockholders' Equity Rule, which requires a minimum of $2,500,000 in stockholders' equity for continued listing on The Nasdaq Capital Market [1][2]. Financial Compliance - As of June 30, 2025, the company reported stockholders' equity of $364,584, significantly below the required minimum [2]. - The company does not meet the alternatives of market value of listed securities or net income from continuing operations as of January 5, 2026, leading to non-compliance [2]. Listing Status - The company's Class A Ordinary Shares continue to trade under the symbol "WBUY," and the Notification Letter does not have an immediate effect on its listing status [3]. - The company has 45 calendar days, until February 19, 2026, to submit a plan to regain compliance, with the possibility of an extension of up to 180 days if the plan is accepted [3][4]. Compliance Measures - The company is evaluating various measures to regain and sustain compliance with Nasdaq Listing Rules and plans to submit its compliance plan by the due date [4]. - There is no assurance that the company's compliance plan will be accepted or that it will regain compliance with the Minimum Stockholders' Equity Rule [4]. Company Overview - WEBUY GLOBAL LTD is a technology-driven platform focused on transforming social commerce and travel services across Southeast Asia, providing curated travel experiences and cross-border tour services [5].

Core Viewpoint - WEBUY GLOBAL LTD. has expanded its travel retail operations in Indonesia with the opening of a new outlet in Surabaya, following the successful launch in Jakarta, aiming to enhance its presence in key metropolitan areas [1][2][7]. Expansion and Growth - The Surabaya outlet, opened on November 28, 2026, is part of the company's strategy to support localized customer engagement and offline consultation alongside its digital travel platform [1][2]. - The Indonesia travel business has experienced significant growth, with total sales increasing by approximately 200% year-on-year, achieving the highest monthly sales in November 2025 [3]. Product Offering - The Surabaya outlet offers a variety of international travel products, including customized itineraries for China, Europe tours, and global travel packages tailored for leisure, family, and Muslim-friendly travel [4]. Brand Development - To enhance brand awareness in Indonesia, the company has appointed Paramitha Russady, a local public figure, as a brand ambassador [5]. Operational Strategy - The company's operational approach combines digital capabilities, localized community operations, and AI-enabled technology, which has been refined through its experience in Jakarta [6]. - The company plans to evaluate further expansion opportunities in other major Indonesian cities, such as Medan and Bandung, using a repeatable operating framework that integrates digital customer acquisition and technology-enabled tools [7]. Company Overview - WEBUY GLOBAL LTD. is a technology-driven platform focused on transforming social commerce and travel services across Southeast Asia, providing curated travel experiences and solutions for customers in Indonesia and beyond [8].

Core Insights - WEBUY GLOBAL LTD. has entered a collaboration agreement with WITSTAR Group to promote cross-border education and cultural exchange programs between China and Malaysia [1][2][4] - The partnership aims to leverage both companies' strengths, with WITSTAR providing educational content and program development, while WEBUY offers platform capabilities and marketing support [2][4] - This collaboration signifies WEBUY's strategic expansion beyond its core e-commerce and travel businesses, focusing on diversifying its revenue streams and enhancing its cross-border presence [3][4] Company Overview - WEBUY GLOBAL LTD. is a technology-driven company focused on transforming community e-commerce and lifestyle services across Southeast Asia [5] - The company aims to build an integrated platform that connects consumers with quality products, experiences, and opportunities across borders [5]

Financial Performance - Total revenues for the six months ended June 30, 2025, were $9,121,016, a decrease of 67.6% compared to $28,154,803 for the same period in 2024[2] - Gross profit for the six months ended June 30, 2025, was $1,136,675, down 56.0% from $2,575,628 in 2024[2] - Net loss attributable to shareholders of Webuy Global Ltd for the six months ended June 30, 2025, was $7,670,525, compared to a net loss of $2,914,293 in 2024, representing a 163.5% increase in loss[2] - The company reported a comprehensive loss of $8,497,892 for the six months ended June 30, 2025, compared to a comprehensive loss of $2,774,671 in 2024, reflecting a 206.1% increase in loss[2] - Basic and diluted loss per ordinary share for the six months ended June 30, 2025, was $(8.02), compared to $(0.05) in 2024[2] - For the six months ended June 30, 2025, the net loss was $7,686,900, compared to a net loss of $2,940,528 for the same period in 2024, indicating a significant increase in losses[8] Assets and Liabilities - Total current assets decreased to $11,327,893 as of June 30, 2025, from $19,367,009 as of December 31, 2024, a decline of 41.5%[1] - Total liabilities decreased to $14,237,474 as of June 30, 2025, from $16,255,176 as of December 31, 2024, a reduction of 12.5%[1] - Cash and cash equivalents significantly decreased to $911,325 as of June 30, 2025, from $4,148,279 as of December 31, 2024, a decline of 78.0%[1] - Total shareholders' equity as of June 30, 2025, was $364,854, down from $6,892,402 as of December 31, 2024, indicating a decrease of 94.7%[1] - Trade receivables decreased to $4,260,324 as of June 30, 2025, from $4,796,638 as of December 31, 2024[52] - The cumulative expected credit loss on notes receivable was recorded at $4,279,839 as of June 30, 2025[56] Cash Flow and Operating Activities - Cash used in operating activities was $2,218,757 for the six months ended June 30, 2025, a decrease from $5,550,605 in the prior year[8] - As of June 30, 2025, the company had cash at the end of the period amounting to $911,325, down from $2,056,233 at the end of the same period in 2024[8] Business Operations and Strategy - The company launched Micky1.0, an AI-powered travel assistant, in December 2024, enhancing its digital travel offerings[11] - The company introduced new product lines, including premium fruit gift series and NMN healthcare products, as part of its strategy to transform into a lifestyle-driven community commerce platform[11] - The company has expanded into the travel sector, introducing group tours and travel packages tailored to post-pandemic demand[11] Future Outlook and Concerns - The company expects improved cash flows and liquidity from future fundraising activities to support business expansion[15] - The company is facing substantial doubt about its ability to continue as a going concern due to ongoing operating losses[15] Revenue Recognition and Compliance - The Company applies a five-step model for revenue recognition, ensuring compliance with ASC Topic 606[41] Shareholder Information - The Company raised a total of $2,009,700 from the first tranche of its public offering by selling 6,930,000 Class A ordinary shares at $0.29 per share[79] - The company has 2,166,666,666 authorized ordinary shares as of June 30, 2025[78] - The company’s authorized share capital was adjusted to 2,166,666,666.666 ordinary shares with a par value of $0.0000462 each[86] Expenses and Costs - Share-based compensation was approximately nil for the six months ended June 30, 2025, compared to $630,000 for the same period in 2024[28] - The Company recorded interest expenses of $316,667 for the six months ended June 30, 2025, compared to $50,163 for the same period in 2024, indicating a substantial increase[76] - Total lease costs increased to $713,911 for the six months ended June 30, 2025, up from $646,706 in the same period of 2024, representing an increase of approximately 10.4%[60] - Operating lease costs for the six months ended June 30, 2025 were $398,567, compared to $148,921 for the same period in 2024, indicating a significant increase[60] Tax and Regulatory Information - The total deferred tax assets, net, were $0 as of June 30, 2025, with tax loss carry forwards of $15,747,576, which cannot be used to offset future profits due to ownership changes[88] - Government grants recognized as other income amounted to $11,429 for the six months ended June 30, 2025, down from $46,235 for the same period in 2024[92] Risk Factors - The company has no significant exposure to credit risk as it does not hold collateral[95] - The company operates in multiple markets, exposing it to foreign currency risk due to fluctuations in exchange rates[96] - There were no pending or threatened claims and litigation as of June 30, 2025[97]

Company Overview - WEBUY GLOBAL LTD is a technology-driven company focused on transforming community e-commerce and travel across Southeast Asia, utilizing predictive AI and personalized recommendations to enhance its group-buy model [5]. Offering Details - The company announced the closing of its offering of 721,918 Class A ordinary shares and pre-funded warrants to purchase up to 100,000 Class A ordinary shares, generating gross proceeds of approximately $3 million before deducting fees and expenses [1][2]. - D. Boral Capital LLC served as the exclusive placement agent for this offering, with legal counsel provided by Ortoli Rosenstatdt LLP for the company and Hunter Taubman Fischer & Li LLC for the placement agent [2]. Regulatory Compliance - The securities were offered under an effective registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 27, 2025. Multiple post-effective amendments were filed in July 2025, with the final amendment declared effective on July 18, 2025 [3].

Company Overview - WEBUY GLOBAL LTD is a technology-driven company focused on transforming community e-commerce and travel across Southeast Asia, utilizing predictive AI and personalized recommendations to enhance its group-buy model [5]. Offering Details - The company announced a best-efforts offering where institutional investors have agreed to purchase 721,918 Class A ordinary shares at a price of $3.65 per share and 100,000 pre-funded warrants at a price of $3.6499 per warrant [1]. - The offering is expected to close on or about August 1, 2025, pending customary closing conditions [2]. Regulatory Information - The securities are being offered under an effective registration statement on Form F-1, which was declared effective by the SEC on June 27, 2025, with subsequent post-effective amendments filed in July 2025 [3].

Core Insights - Webuy Global Ltd. is exploring collaboration with Victory Securities to enhance stablecoin payment initiatives for its global travel and e-commerce operations [1][4] - Victory Securities is a licensed financial services provider in Hong Kong, specializing in virtual asset services, which positions it uniquely to assist Webuy in its expansion into the crypto ecosystem [2][6] - The partnership aims to integrate stablecoin-based payment infrastructure, facilitating fast and secure transactions for global travelers and suppliers [4][5] Company Overview - Webuy Global Ltd. is a technology-driven company focused on transforming community e-commerce and travel in Southeast Asia, utilizing AI for predictive recommendations and community engagement [5] - The company aims to enhance customer experience and reduce payment friction through the development of a crypto-ready ecosystem in collaboration with Victory Securities [5] Industry Context - Victory Securities, established in 1971, is the first licensed firm in Hong Kong authorized to provide virtual asset trading and advisory services to retail investors, giving it a competitive edge in the fintech space [2][6] - The collaboration between Webuy and Victory Securities reflects a growing trend in the e-commerce industry towards adopting stablecoin payments to support global commerce [4][5]

Core Insights - WEBUY GLOBAL LTD. has launched an innovative AI Travel Assistant, a wearable device designed to enhance the travel experience for global travelers [1][3]. Group 1: Product Features - The AI Travel Assistant weighs 30 grams and is powered by DeepSeek's V3 AI model, providing real-time multilingual support in 21 languages [3]. - It features a single-button interface allowing users to communicate in their native language and receive instant responses in their preferred language [3]. - The device is integrated with Webuy's SkyBear ERP system, offering personalized itinerary updates, destination insights, and real-time alerts [4]. Group 2: Strategic Collaborations - Webuy is collaborating with China Tourism Group to improve global travel standards and create an AI-driven service ecosystem for travelers and service providers [5]. Group 3: Technological Infrastructure - The AI Travel Assistant utilizes the ESP32-C SoC chip from Espressif Systems, ensuring robust global performance with 5G and WiFi connectivity [6]. Group 4: Future Developments - Webuy plans to enhance the AI Travel Assistant with built-in camera functionality and IoT sensors for richer contextual interactions throughout the travel journey [7]. Group 5: Company Overview - WEBUY GLOBAL LTD. focuses on transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and personalized recommendations to improve user experiences [8].

Core Insights - WEBUY GLOBAL LTD. has launched an innovative AI Travel Assistant, a wearable device designed to enhance the travel experience for global travelers [1][3]. Group 1: Product Features - The AI Travel Assistant weighs 30 grams and is powered by DeepSeek's V3 AI model, providing real-time multilingual support in 21 languages [3]. - It features a single-button interface allowing users to communicate in their native language and receive instant responses in their preferred language [3]. - The device is integrated with Webuy's SkyBear ERP system, offering personalized itinerary updates, destination insights, and real-time alerts [4]. Group 2: Strategic Collaborations - Webuy is collaborating with China Tourism Group to improve global travel standards and create an AI-driven service ecosystem for travelers and service providers [5]. Group 3: Technological Advancements - The AI Travel Assistant utilizes the ESP32-C SoC chip from Espressif Systems, ensuring robust global performance with 5G and WiFi connectivity [6]. - Future enhancements will include built-in camera functionality and IoT sensors to provide richer contextual interactions throughout the travel journey [7]. Group 4: Company Overview - WEBUY GLOBAL LTD. focuses on transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and personalized recommendations [8].