Core Insights - Webus International Limited is expanding its operations by establishing a new subsidiary in Osaka, Japan, as part of its global expansion strategy [1][2] Company Expansion - Webus has signed strategic cooperation agreements with local accommodation operators in Osaka, including a property management company with approximately $500 million in assets under management [2] - The expansion plan includes establishing an Osaka headquarters, acquiring land for coastal resorts and boutique accommodations, developing homestay hotels and luxury resorts, creating cultural tourism packages, and building a dedicated vehicle fleet with local drivers [2][3] Market Opportunity - The Japanese tourism market is experiencing significant growth, with Osaka's GDP increasing by approximately 4% last year and 15.6 million international tourists visiting Osaka in 2023, surpassing its 2019 peak [3][5] - In 2024, Japan hosted 36.9 million visitors, contributing 7.5% to GDP, with projections for 2025 targeting 40 million visitors and JPY 9–10 trillion in spending [5] Service Offering - The company will leverage its "Wetour" brand in Japan, focusing on mid-to-high-end tourism with boutique groups and private tours that offer in-depth cultural experiences for international tourists [4]
Webus International Limited Announces Strategic Expansion into Japan with New Osaka Subsidiary