Webuy Launches Travel Business in Indonesia
15 5월 2024 - 7:00PM
Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a
Southeast Asian community e-commerce retailer, today announced the
launch of its travel business in Indonesia, as it expands its
presence in the growing Southeast Asian tourism market.
Indonesia’s burgeoning middle class, which, according to data
from the World Bank, is projected to make up 80% of the population
by 2045, represents a significant and underserved market with
considerable potential for new business ventures. This demographic
shift is creating a new cohort of consumers seeking high-quality
services and experiences, with travel being a prominent
example.
Webuy's unique approach, which aims to seamlessly integrate
online and offline elements, is ideally suited to cater to this
emerging demand. For example, the Company's recently launched Mitra
Referral Program ("Mitra") makes the referral process to connect to
Mitra agents, who are similar to the Company’s group leaders, more
straightforward, and facilitates streamlined connections between
potential travelers and Webuy’s services. Once a referral is made,
Webuy's dedicated team of tour consultants ensures that each
customer's travel needs are met and their clients enjoy exceptional
travel experiences customized to their individual preferences.
Travel agents also benefit from a simplified referral process and
receive an additional source of income.
The Company's travel business' inaugural trip was a six-day,
four-night tour in Korea, which garnered an exceedingly positive
response from its participants. A post-tour survey revealed 100%
customer satisfaction, underscoring the tour's resounding
success.
Vincent Xue Bin, Chief Executive Officer and Co-Founder of
Webuy, commented, "I am delighted to see the positive trajectory of
our travel service. We are capitalizing on the momentum of our
successful package tour business in Singapore to further penetrate
the rapidly expanding Southeast Asian tourism market. Our team of
seasoned tour consultants and professionals provide exceptional
support to referred clients, ensuring they receive excellent
service and personalized solutions. Going forward, we will build on
our momentum to further develop our community network and deliver
sustainable shareholder value."
About Webuy Global Ltd
Webuy Global Ltd (Nasdaq: WBUY) is an
innovative, technology-focused company with the goal of building
the most trusted retail brand and advanced e-commerce platform in
Southeast Asia, designed to leverage data in order to provide a
community-driven experience for consumers. The Company's
unique 'group buy' business model is set to revolutionize
traditional shopping practices, by offering substantial cost
savings to customers through an efficient purchasing model and
community-centric approach. Akin to group purchases and bulk
orders, this approach simplifies the process for customers,
eliminating the need for individual bulk purchases. Furthermore,
the Company's business model streamlines the traditional supply
chain by minimizing the involvement of intermediaries, thereby
offering a more direct "farm-to-table" supply model. The
Company’s vision is to enable the ten million families in Southeast
Asia to live a healthier, higher-quality lifestyle. Additional
information about the Company is available at
http://webuy.global/
Forward-Looking Statements
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in U.S., Singapore and Indonesia
and assumptions underlying or related to any of the foregoing and
other risks contained in reports filed by the Company with the SEC.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof.
Contacts
Investor Relations
Robin Yang, Partner
ICR, LLC
Email: Webuy.IR@icrinc.com
Phone: +1 (646) 880-9057
WeBuy Global (NASDAQ:WBUY)
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WeBuy Global (NASDAQ:WBUY)
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