Core Insights - Webus International Limited is advancing its vision of a seamless travel ecosystem through strategic developments, including a financing strategy and a renewed partnership with Tongcheng Travel Holdings [1][2][3] Financing Strategy - The company is exploring a financing strategy of up to US$300 million through non-equity funding vehicles to establish an XRP reserve for global payment solutions [2] - This financing approach includes cash reserves, bank lending, shareholder guarantees, and institutional-backed credit facilities, aiming to maintain capital flexibility and support long-term growth [2][4] Partnership with Tongcheng Travel - Webus has renewed its multi-year strategic partnership with Tongcheng Travel, enhancing its domestic network infrastructure and leveraging Tongcheng's mobility data and user base [3][4] - The partnership aims to deliver seamless first- and last-mile services across China, utilizing Webus's premium vehicle network [3] Technology and Innovation - The company is focused on end-to-end innovation, with the potential XRP blockchain integration aimed at eliminating payment friction and enabling instant settlements for international services [4][8] - The strategic initiatives include the establishment of a comprehensive blockchain infrastructure, which will support wallets, Web3 loyalty tokens, and on-chain booking records [8] Market Position - Webus specializes in AI-driven mobility solutions, offering customizable chauffeur services globally, and operates under the "Mobility-as-a-Service" (MaaS) model [5][6] - The flagship brand "Wetour" provides high-end travel services, including airport transfers and luxury chartered services, supported by real-time AI technology [6]
Webus International Limited Announces Up To US$300 Million Strategic Financing Plan for XRP Blockchain Integration and Renews Nationwide Partnership with Toncheng Travel