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].

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].

The share price of e-commerce retailer Webuy Global (NASDAQ: WBUY) is breaking out as investors react to news of a partnership with Coinbase Commerce, which will enable stablecoin payments.In pre-market trading on Monday, WBUY surged over 94%, reaching $10.94, up from the previous session’s close of $5.31.Webuy Global pre-market trading chart. Source: RobinhoodThe sharp rally reflects growing investor enthusiasm about the company’s pivot toward digital payment solutions, particularly for international trave ...

Core Insights - Webuy Global Ltd. has integrated Coinbase Commerce into its platform, allowing customers to pay for travel packages and products using various cryptocurrencies, including stablecoin USDC, highlighting the company's commitment to digital innovation [1][2] - This integration aims to provide a borderless, instant, and cost-efficient payment experience for global customers, particularly benefiting travelers from crypto-active markets [2][3] - The acceptance of stablecoins is expected to enhance Webuy's travel brand WeTrip by reducing foreign exchange risks and streamlining cross-border transactions, thus strengthening the company's global positioning [3][4] Company Strategy - The integration of cryptocurrency payment options is part of Webuy's broader digital transformation strategy, which includes AI-driven itinerary planning and data-centric customer engagement [4] - Webuy aims to enhance its community e-commerce and travel services through predictive AI and personalized recommendations, targeting scalable growth in Southeast Asia [5]

Core Insights - Webuy Global Ltd. has entered into a strategic Memorandum of Understanding (MOU) with CTG MICE Service Company Limited to develop inbound tourism services to China [1] - The partnership aims to facilitate the arrival of at least 20,000 Chinese inbound travelers annually through enhanced infrastructure and premium services [2] - The collaboration will leverage AI-powered itinerary planning and real-time support to enhance the travel experience [2][3] Company Overview - Webuy Global Ltd. is a technology-driven company focused on transforming community e-commerce and travel in Southeast Asia, utilizing predictive AI and personalized recommendations [4] - The travel vertical, WeTrip, is known for providing immersive and personalized travel solutions, including visa facilitation and exclusive access to heritage sites [3][4] - The company is committed to delivering high-quality and affordable travel services to improve the lives of millions in the region [4] Partnership Details - CTG Travel will act as WeTrip's exclusive inbound travel service provider in China, enhancing the travel experience for inbound travelers [4] - The collaboration includes access to fast-track VIP customs clearance, premium hospitality services, and customized city itineraries [6] - Joint campaigns such as "Cultural Tourism Going Global" aim to promote China's soft power and enhance destination branding [6] CTG MICE Overview - CTG MICE specializes in comprehensive MICE services for institutional clients, including conference services and customized incentive travel [5] - The company focuses on market innovation and aims to strengthen its professional capabilities to maximize customer value [5]

Group 1 - Webuy Global Ltd. has been included in the Financial Times and Statista's "High-Growth Companies Asia-Pacific 2025" list, recognizing its outstanding performance based on compound annual revenue growth from 2020 to 2023 [1][2] - The 2025 list highlights companies that have demonstrated exceptional resilience and innovation during global uncertainty, with Singapore leading in total entries [2] - The top sectors represented in the ranking include IT and software, financial services, and consumer platforms [2] Group 2 - Bin Xue, CEO and Co-Founder of Webuy, expressed pride in the recognition, attributing it to the company's commitment to innovation, operational excellence, and customer-centric growth [2] - Webuy Global Ltd. focuses on transforming community e-commerce and travel in Southeast Asia through a group-buy model enhanced by predictive AI and personalized recommendations [3] - The company's travel vertical offers curated itineraries and real-time support via its proprietary AI Travel Consultant, aiming to improve the lives of millions in the region [3]

Singapore, June 24, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY) (Webuy or the “Company”), a leading community e-commerce and travel platform in Southeast Asia, previously announced via Form 6-K the appointment of Mr. Heng Wee Koon as Independent Director and Chair of the Compensation Committee. The Company now takes the opportunity to highlight Mr. Heng’s distinguished credentials and the strategic value he brings to the Company. Mr. Heng brings over 25 years of leadership experience spanning ...

Singapore, May 08, 2025 (GLOBE NEWSWIRE) -- Webuy Global Ltd. (Nasdaq: WBUY), a forward-thinking, technology-driven e-commerce and travel platform in Southeast Asia, today announced that the Company has been successfully reinstated on the Nasdaq Capital Market (“Nasdaq”), effective May 8, 2025. The relisting follows confirmation from Nasdaq that the Company has regained compliance with the minimum bid price requirement under Rule 5550(a)(2). Webuy’s return to Nasdaq  is a pivotal milestone in its broader tu ...

Financial Performance - For the year ended December 31, 2024, net cash used in operating activities amounted to approximately $6.99 million, primarily due to a net loss of approximately $6.78 million [327]. - For the year ended December 31, 2023, net cash used in operating activities was approximately $7.16 million, resulting from a net loss of approximately $5.16 million [328]. - The company experienced a net cash decrease of approximately $1.59 million in 2024, compared to an increase of approximately $3.78 million in 2023 [326]. - For the year ended December 31, 2024, net cash used in investing activities was approximately $0.94 million, primarily for leasehold improvements and intangible assets [330]. - For the year ended December 31, 2024, net cash provided by financing activities amounted to approximately $6.34 million, primarily from the issuance of ordinary shares and convertible notes [333]. Cash and Fundraising Activities - The company expects improved cash flows from future fundraising activities, with a non-binding offer for an equity line of credit of up to $20 million over a 36-month period [325]. - The company has raised a total of approximately $15.53 million from financing activities in 2023, mainly from IPO proceeds [334]. Compensation and Employment - The total compensation for Bin Xue, the Chief Executive Officer, increased from $67,032 in 2023 to $80,827 in 2024 [357]. - Ai Lian Phang, the Chief Financial Officer, received a total compensation of $74,542 in 2023, which includes a salary of $73,738 and other compensation of $804 [357]. - Fangqin Lin, the Independent Director and Chairwoman of the Audit Committee, received $20,581 in 2024, while her compensation for 2023 was not specified [359]. - William Tat-Nin Chang, the Independent Director and Chairman of the Compensation and Nominating Committees, saw his compensation rise from $4,486 in 2023 to $22,452 in 2024 [359]. - Lizhi Qiao, an Independent Director, received $14,968 in 2024, compared to $2,990 in 2023 [359]. - The company provides employees with medical benefits, including outpatient coverage and medical leave, in compliance with Singapore employment laws [398]. - As of December 31, 2024, the company had 174 full-time employees, categorized as follows: Management (11), Accounts and Finance (15), Customer Management and Administration (7), Information Technology (2), Warehouse Labor (17), Others (122) [397]. Corporate Governance - The company has established three committees under the Board of Directors: Audit Committee, Compensation Committee, and Nominating Committee, all consisting of independent directors [368]. - The Audit Committee is responsible for overseeing the accounting and financial reporting processes and audits of the financial statements [372]. - The company has adopted an insider trading policy allowing insiders to sell securities under pre-arranged trading plans [370]. - The Board of Directors consists of five directors, a majority of whom are independent as defined by the Nasdaq Capital Market [364]. - The company intends to adopt a code of business conduct and ethics applicable to all directors, executive officers, and employees [396]. - The company is classified as a "foreign private issuer" and may rely on home country governance practices instead of certain Nasdaq corporate governance standards [383]. - The compensation committee is responsible for reviewing and approving the compensation structure for executive officers [378]. - The board of directors has the powers necessary for managing the company's business affairs under Cayman Islands law [380]. Ownership Structure - Bin Xue, CEO, holds 141,578 Class B shares, representing 79.41% ownership in Class B and 59.36% of total shares [401]. - GBUY GLOBAL LTD, controlled by Bin Xue, holds 142,134 Class B shares, accounting for 71.42% of Class B ownership [402]. - WEBUY TALENT LTD, also controlled by Bin Xue, holds 35,577 Class B shares, representing 0% ownership in Class B and 14.92% of total shares [401]. - Michelle Ting Ting Tan, Secretary of the Board, owns 5,990 Class B shares, which is 3.36% of Class B and 2.51% of total shares [401]. - All directors and executive officers collectively own 147,568 Class B shares, equating to 82.77% of Class B and 61.87% of total shares [401]. - Bin Xue has a 74.17% equity interest in GBUY GLOBAL LTD and 100% in WEBUY TALENT LTD [401]. - The total beneficial ownership of Class B shares by Bin Xue and associated entities is significant, indicating strong control over voting power [401]. - The company has a concentrated ownership structure, with a few individuals holding the majority of shares [401]. - The data reflects a strategic alignment of ownership and control among key executives and directors [401]. Labor Relations - The company has not engaged in any labor disputes and maintains good relationships with its employees [398]. - The company has not compensated its directors for their services other than reimbursing out-of-pocket expenses incurred in connection with their attendance at meetings for the fiscal years ended December 31, 2024 and 2023 [393].