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WEBUY GLOBAL LTD. Ordinary Shares - WBUY STOCK NEWS

Welcome to our dedicated page for WEBUY GLOBAL LTD. Ordinary Shares news (Ticker: WBUY), a resource for investors and traders seeking the latest updates and insights on WEBUY GLOBAL LTD. Ordinary Shares stock.

Webuy Global Ltd (NASDAQ: WBUY) is a leading community-oriented e-commerce retailer in Southeast Asia, specializing in groceries and travel. Operating primarily in Singapore, Indonesia, and Malaysia, Webuy leverages a unique social shopping model to connect like-minded consumers through online communities.

Webuy’s mission is to transform social shopping into a new lifestyle, allowing consumers to benefit from efficient, cost-saving purchasing methods. The company's primary revenue stream comes from the sales of groceries via its digital platform, which simplifies the shopping experience by connecting community groups and enabling bulk purchases.

In addition to its core business, Webuy also offers packaged tours, thereby diversifying its product offerings. In a significant recent development, Webuy has expanded into the insurance market with an innovative referral program. This program pairs customers with insurance specialists, offering tailored recommendations across various insurance products such as health, life, property, and travel insurance. This initiative not only benefits customers with discounted policies but also incentivizes Webuy's Group Leaders to drive referrals within their communities.

Webuy’s approach is data-driven, utilizing advanced algorithms to enhance the shopping experience and streamline the supply chain. This minimizes intermediaries, providing a more direct

News

Webuy Announces Pricing of up to 10,000,000 of its Class A Ordinary Shares

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Webuy Global (NASDAQ: WBUY), a Southeast Asian e-commerce retailer, announced the pricing of up to 10,000,000 of its Class A Ordinary shares at $0.29 per share. The offering was self-underwritten and made directly to select investors. A registration statement was filed with the SEC on April 29, 2024, and the final prospectus will be available on the SEC's website. This press release does not constitute an offer to sell securities.

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Webuy to Present at the Upcoming EF Hutton Annual Global Investor Conference on May 15, 2024, in New York City

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Webuy Global (NASDAQ: WBUY) will be presenting at the EF Hutton Annual Global Investor Conference in New York City on May 15, 2024. Vincent Xue Bin, the CEO and Co-Founder, will be presenting and available for one-on-one meetings with investors. Registered attendees can request a meeting with Mr. Xue through their EF Hutton representative.
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Webuy Announces Filing of 2023 Annual Report with the SEC, Launches Travel Business in Indonesia, and Expands into Insurance Referral Program

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Webuy Global (NASDAQ: WBUY) filed its 2023 annual report with the SEC, launched a travel business in Indonesia, and expanded into an insurance referral program. Financially, total revenues increased by 38.4% to US$61.7 million, with key growth driven by Indonesian grocery sales and Singapore tour packages. Gross profit also rose by 38.4% to US$5.1 million. CEO Vincent Xue Bin highlighted the successful market expansion and revenue growth in 2023.
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Webuy Receives Nasdaq Notification Regarding Minimum Bid Requirements

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Webuy Global Ltd. (Nasdaq: WBUY) has received a notification from Nasdaq for failing to maintain a minimum bid price of U.S.$1.00 per share for the last 30 consecutive business days. The company has 180 calendar days to regain compliance, or its shares may be subject to delisting. Despite this, the CEO remains optimistic about the company's growth and financial strength, expressing confidence in the potential to create further value for shareholders.
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Webuy and Ohmyhome Announce Strategic Collaboration to Cross-Sell Products and Services Across Singapore

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Webuy Global Ltd. (WBUY) and Ohmyhome Ltd. (OMH) announce a strategic collaboration to cross-sell their products and services in Singapore, aiming to enhance customer experience and community engagement. Key initiatives include the integration of Ohmyhome’s services into Webuy communities, Webuy's 'Group Buy' services for Ohmyhome's homeowners, and offline expansion support. As of June 30, 2023, Ohmyhome had transacted over 14,500 properties, with over 5,800 units under management, and around 200,000 monthly active users across mobile applications and websites.
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Webuy Global to Ring NASDAQ Opening Bell Today

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Webuy Global Ltd (Nasdaq: WBUY) announced its recent listing on the Nasdaq Stock Market and plans to celebrate the milestone by ringing the Nasdaq Opening Bell. The company, an emerging community e-commerce retailer focusing on grocery and travel in Southeast Asia, began trading on the Nasdaq under the ticker symbol 'WBUY' on October 19, 2023. Vincent Xue Bin, CEO and Co-Founder, expressed pride in the progress and highlighted the company's commitment to transforming the e-commerce model into a community-driven experience for consumers.
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Webuy Global Limited Reports 62% Increase in Revenue to $24.4 Million for the First Half of 2023

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Webuy Global Ltd (Nasdaq: WBUY) achieved a 62.4% increase in revenue, totaling $24.4 million for the first half of 2023. The revenue growth was primarily driven by a 208% increase in sales of groceries in Indonesia, reaching $13.7 million. The company also saw a 1026% surge in revenue from new travel services, generating approximately $5.4 million. Webuy recently completed an IPO for gross proceeds of $15.2 million, aiming to fund accelerated growth across Southeast Asia.
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Webuy Global Announces MOU to Acquire PT. Tiga Sakti Utama (TSU), a Leading Indonesian Fruit Importer and Wholesaler in Surabaya, Indonesia

Rhea-AI Summary
Webuy Global Ltd (Nasdaq: WBUY) has announced a non-binding Memorandum of Understanding to acquire a controlling interest in PT. Tiga Sakti Utama (TSU), a leading importer and wholesaler of fruits in Surabaya, Indonesia. TSU generated approximately $15 million in revenue in 2022 and has been profitable since its inception in 2021. The proposed acquisition aligns with Webuy's strategy to position itself as a key player in the fruit market of Indonesia and support expansion initiatives across Southeast Asia.
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Webuy Global Limited Announces Closing of $15.2 Million Initial Public Offering

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Webuy Global Ltd closes IPO, raising $15.2 million
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Webuy Global Limited Announces Pricing of $15.2 Million Initial Public Offering

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Webuy Global Ltd announces pricing of its IPO at $4.00 per share, expecting to raise approximately $15.2 million.
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FAQ

What is the current stock price of WEBUY GLOBAL LTD. Ordinary Shares (WBUY)?

The current stock price of WEBUY GLOBAL LTD. Ordinary Shares (WBUY) is $0.1772 as of November 15, 2024.

What is the market cap of WEBUY GLOBAL LTD. Ordinary Shares (WBUY)?

The market cap of WEBUY GLOBAL LTD. Ordinary Shares (WBUY) is approximately 14.8M.

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WEBUY GLOBAL LTD. Ordinary Shares

Nasdaq:WBUY

WBUY Rankings

#5400 Ranked by Market Cap
N/A Ranked by Dividends

WBUY Stock Data

14.80M
61.57M
58.67%
0.87%
0.28%
Internet Retail
Consumer Cyclical
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United States of America
Singapore