Webuy (WBUY)
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WEBUY GLOBAL LTD. Launches Premium Travel Brand “Altitude,” Drives around US$400K in Opening Sales
Globenewswire· 2026-02-18 12:00
Core Insights - WEBUY GLOBAL LTD. has launched Altitude, an AI-powered premium travel advisory brand, which generated approximately US$400,000 in travel bookings shortly after its grand opening on January 26, 2026, indicating strong initial market demand [1][2]. Group 1: Product and Technology - Altitude combines immersive 4D experience screens, AI-driven personalization tools, and inspiration-led digital engagement to enhance the travel planning experience [2][5]. - The platform aims to redefine how travelers explore destinations by integrating advanced visual technology with AI insights [5][9]. Group 2: Market Demand and Trends - Outbound travel from Singapore is recovering, with approximately 9.8 million outbound trips in 2023, reaching about 92% of pre-pandemic levels, and a 24% increase in average expenditure per trip compared to pre-COVID levels [3]. - Luxury travel spending has increased by approximately 37%, with 73% of Singaporean travelers planning to boost their international travel spending, indicating a growing demand for premium travel experiences [4]. Group 3: Business Model and Strategy - Altitude's business model is designed to be scalable and technology-enabled, focusing on experiential and personalized travel services [9]. - WEBUY GLOBAL LTD. is committed to building an integrated travel ecosystem across Southeast Asia, leveraging innovation and regional partnerships [6].
WEBUY GLOBAL LTD. Expands Second Collaboration with CTG MICE Service Company Limited on AI Travel Devices
Globenewswire· 2026-01-12 13:00
Core Insights - WEBUY GLOBAL LTD has announced an expanded collaboration with CTG MICE Service Company Limited to deploy AI-powered smart travel guide devices in major museums and cultural attractions in China [1] Industry Overview - China is a leading tourism market, with approximately 5.62 billion domestic trips and about 131.9 million inbound visitors recorded in 2024, alongside domestic tourism spending reaching around RMB 5.75 trillion (approximately US$790 billion) [2] - The market features around 660,000 licensed tour guides and over 16,000 museums and A-level tourist attractions, indicating a significant opportunity for scalable, technology-enabled travel guidance [2] Company Product Features - The AI smart travel guide device is designed for real-world travel environments, offering a natural, hands-free experience with an 8,000mAh battery for all-day use, a push-to-talk button, and advanced voiceprint recognition for accurate communication in crowded settings [3] - The device operates on an open AI operating system and connects to the company's proprietary travel database, providing personalized, itinerary-aware guidance throughout the journey [4] Strategic Positioning - The collaboration aims to establish a foundation for intelligent, scalable travel guidance within one of the world's largest tourism ecosystems, leveraging dedicated AI hardware, proprietary travel intelligence, and strong institutional partnerships for long-term growth [5]
WEBUY GLOBAL LTD Receives Nasdaq Notification Regarding Minimum Stockholders’ Equity Deficiency
Globenewswire· 2026-01-09 21:30
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].
WEBUY GLOBAL LTD. Continues Indonesia Expansion with Opening of New Surabaya Travel Retail Outlet
Globenewswire· 2025-12-16 11:00
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].
WEBUY GLOBAL LTD. Partners with WITSTAR Group to Expand into Cross-Border Education Market Collaboration Opens New Growth Channel Connecting Malaysia–China Education and Cultural Exchange
Globenewswire· 2025-12-08 11:00
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]
Webuy (WBUY) - 2025 Q2 - Quarterly Report
2025-10-29 21:00
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]
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].