Webuy (WBUY)

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WEBUY GLOBAL LTD Announces Closing of Follow-on Offering
Globenewswire· 2025-08-01 20:30
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].
WEBUY GLOBAL LTD Announces Pricing of Follow-on Offering
Globenewswire· 2025-07-31 12:00
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].
WEBUY GLOBAL LTD. Partners with Victory Securities to Pioneer Stablecoin Adoption
Globenewswire· 2025-07-23 11:00
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]
WEBUY GLOBAL LTD. Launches Groundbreaking AI Travel Assistant Device Powered by DeepSeek V3 Model and Espressif's ESP32-C
GlobeNewswire News Room· 2025-07-21 11:00
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].
WEBUY GLOBAL LTD. Launches Groundbreaking AI Travel Assistant Device Powered by DeepSeek V3 Model and Espressif’s ESP32-C
Globenewswire· 2025-07-21 11:00
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].
Stablecoin integration sends this stock skyrocketing 100%
Finbold· 2025-06-30 13:24
Core Insights - Webuy Global's share price surged over 94% to $10.94 following the announcement of a partnership with Coinbase Commerce to enable stablecoin payments [1][3] - The partnership aims to enhance digital payment solutions for international travelers, allowing purchases with various cryptocurrencies, including USDC [3][4] Group 1: Partnership and Market Reaction - The collaboration with Coinbase Commerce is expected to reduce friction in cross-border payments by providing near-instant transaction confirmations and eliminating costly banking intermediaries [4][5] - The significant increase in share price reflects investor enthusiasm for Webuy's strategic pivot towards digital payment solutions [1][3] Group 2: Strategic Implications - The introduction of stablecoin transactions is part of Webuy's broader digital transformation strategy, which includes AI-powered itinerary planning tools and an improved travel wallet experience [4][5] - Analysts believe this move will help Webuy differentiate itself in the competitive travel and e-commerce sectors, particularly among crypto-friendly users [5][6] Group 3: Regulatory Context - The growing interest in stablecoins is bolstered by the passage of the GENIUS Act, which provides a comprehensive federal framework for stablecoins, aiming to enhance regulatory clarity and consumer protections [6][7]
Webuy Global Ltd Integrates Coinbase to Accept Stablecoin Payments - Leading the Way in Travel Technology and Digital Payments
Globenewswire· 2025-06-30 11:02
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]
Webuy Global Ltd. and CTG MICE Service Company Limited., a Subsidiary of China Tourism Group, Sign Landmark Agreement to Boost Inbound Tourism to China
Globenewswire· 2025-06-27 11:00
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]
Webuy Global Ltd. Named One of Asia-Pacific’s Fastest-Growing Companies by Financial Times
Globenewswire· 2025-06-25 12:00
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]
Webuy Global Ltd. Appoints Award-Winning Corporate Leader Heng Wee Koon as Independent Director
Globenewswire· 2025-06-24 12:00
Core Insights - Webuy Global Ltd. has appointed Mr. Heng Wee Koon as Independent Director and Chair of the Compensation Committee, highlighting his strategic value to the company [1][4] - Mr. Heng has over 25 years of leadership experience in mergers and acquisitions, financial advisory, and corporate governance, currently serving as Lead Independent Director at Hyphens Pharma International Ltd. [2] - His previous roles include Partner at KPMG Advisory LLP and founder of Acelyr M&A and Acelyr Advisory, bringing deep expertise to Webuy's Board as the company continues its rapid growth [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 [5] - The company enhances its group-buy model and offers curated travel itineraries supported by its proprietary AI Travel Consultant, aiming to improve the lives of millions in the region [5]