UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 6-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of report (Date of earliest event reported): June 13, 2024
WEBUY
GLOBAL LTD
(Exact
name of registrant as specified in its charter)
35
Tampines Street 92 Singapore 528880
+65
8859 9762
(Address,
including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Cogency
Global Inc.
122
East 42nd Street, 18th Floor
New
York, NY 10168
(212)
947-7200
(Name,
address, including zip code, and telephone number, including area code, of agent for service)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ☒ Form 40-F ☐
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
WEBUY
GLOBAL LTD |
| |
|
|
| Date: June 13, 2024 |
By: |
/s/ Bin
Xue |
| |
Name: |
Bin Xue |
| |
Title: |
Chief Executive Officer |
EXHIBIT
INDEX
2
Exhibit 99.1
Webuy Announces Entry into the Nutraceutical
and Longevity Markets with the Launch of Flagship Brand NEONE: A Premium Health Supplement
Designed to support cellular energy production,
improve mitochondrial function, and promote longevity
Successful launch with projections to rapidly
enter the global,
multi-billion-dollar anti-aging and nutraceutical markets
Endorsements gained from well-known celebrity
personalities who regularly use NEONE products
Singapore - June 13, 2024 - Webuy Global Ltd.
(Nasdaq: WBUY) (“Webuy” or the “Company”), a Southeast Asian community e-commerce retailer, today announced
its entry into the nutraceutical and longevity markets with the launch of NEONE, a premium health supplement brand committed to delivering
high-quality nutritional supplements and health products. NEONE is a flagship brand exclusively developed by the Company and marks its
strategic entry into the high-margin, multi-billion-dollar nutraceutical and longevity markets. The brand focuses on delivering the best
health solutions to consumers through rigorous scientific research and innovation, ensuring the highest standards of quality, efficacy,
and safety.
NEONE offers a range of advanced health supplements
that stand out for their high purity and potency. These supplements are designed to address issues such as fatigue, insomnia, and stress,
with a particular focus on anti-aging and cellular health. NEONE NMN supplements provide targeted benefits for those looking to enhance
their overall well-being and vitality. The NEONE NMN product contains nicotinamide, a form of Vitamin B3, which has been shown to support
cellular energy production, improve mitochondrial function, and promote longevity. Clinical studies suggest that nicotinamide may help
reduce the effects of aging, improve cognitive function, and enhance physical endurance.
Vincent Xue Bin, Chief Executive Officer and Co-Founder
of Webuy Global, stated, “NEONE’s launch is a significant milestone as it illustrates our commitment to providing scientifically
backed, high-quality health supplements. Since its launch in May 2024, NEONE has already made meaningful inroads into the multi-billion-dollar
Southeast Asian nutraceutical market, with rapid consumer uptake in the first month alone. I am also proud to report we have garnered
endorsements from several well-known celebrity personalities who regularly use NEONE products and openly share their positive experiences,
further enhancing the brand’s exposure, credibility and market appeal.”
“We look forward to leveraging our existing
distribution channels, including our robust social e-commerce platform, which utilizes a group leader model to maximize reach and consumer
engagement. This model allows us to effectively distribute NEONE products, ensuring these high-margin products reach a wide audience quickly
and efficiently. As a result, we believe this product line will be a very significant contributor to both our revenue and profitability
for years to come,” concluded Mr. Xue.
The global anti-aging supplements market was estimated
at USD $4.2 billion in 2023 and is projected to reach USD $7.0 billion by 2023, with Southeast Asia experiencing the fastest growth1.
The overall dietary supplements market in Southeast Asia alone was valued at USD $6.9 billion in 2018 and is projected to reach USD 13.9
billion by 20322.
1. Grandview Research: Anti-aging Supplements
Market Size & Share Report
2. Fortune Business Insights: Southeast Asia
Dietary Supplements Market
About Webuy Global Ltd
Webuy Global Ltd (Nasdaq: WBUY) is an innovative,
technology-focused company with a 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 regarding the Company’s current expectations. These statements are not guarantees of future performance and are subject
to certain risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties are described more fully
in the section captioned “Risk Factors” in the Company’s registration statement on Form F-1 related to the public offering
(SEC File No. File No. 333-271604) and annual report on Form 20-F. Forward-looking statements contained in this announcement are made
as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Contact:
Crescendo Communications, LLC
Tel: 212-671-1020
Email: wbuy@crescendo-ir.com
WeBuy Global (NASDAQ:WBUY)
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