Webuy Launches Travel Business in Indonesia [Yahoo! Finance Canada]
WEBUY GLOBAL LTD. (WBUY)
Company Research
Source: Yahoo! Finance Canada
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,
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News
- Webuy Global Reports Record Revenue and 253% Increase in Gross Profit for the First Half of 2024GlobeNewswire
- Webuy Achieves Record $2.9 Million in Sales within Just Three Days at NATAS Fair 2024GlobeNewswire
- Webuy Secures $2 Million Debt Financing Convertible at a Premium to the Current Market Price; Potential to Receive an Additional $4.0 Million Upon Mutual Agreement of the PartiesGlobeNewswire
- Webuy Receives Extension to Regain Compliance with Nasdaq's Minimum Bid Requirements [Yahoo! Finance]Yahoo! Finance
- Webuy Receives Extension to Regain Compliance with Nasdaq’s Minimum Bid RequirementsGlobeNewswire
WBUY
Sec Filings
- 9/20/24 - Form F-1/A
- 9/17/24 - Form 6-K
- 9/12/24 - Form F-1/A
- WBUY's page on the SEC website