Webuy Global Ltd. (Singapore)

The Company is an emerging Southeast Asian (“SEA”) community-oriented e-Commerce retailor (“Community E-Commerce Retailor”) with a focus on grocery and travel.
E-commerce refers to a commercial transaction that involves the sale and purchase of products or services over the Internet. It involves the entire scope of online transactions from the sellers to buyers, including supply chain management, electronic funds transfer, internet marketing, online transaction processing, electronic data interchange, inventory management systems, automated data collection systems, and others. Community e-commerce is a form of e-commerce, where social media users with mutual interest and like-minded online behavior are connected, forming a community group within a network through online medium such as social media platforms and communication software including but not limited to Facebook, Instagram, WeChat, WhatsApp, Line, Tiktok or Youtube. It leverages personal interaction and word-of-mouth marketing to create personalized and targeted valuable insights to reach targeted audiences and potential customers. Such networks are generally formed according to the similarity of the members of a group including (i) location proximity amongst social media users in a group; and (ii) online shopping preference and behaviors. Besides, a community leader is usually deployed in the community group to undertake responsibilities such as group management, event management and customer services.
The Company operates as a single operating segment.
History
2022 The Company was incorporated on August 29, 2022 in the Cayman Islands under the name Webuy Global Ltd .
2023 The Company s shares began trading on the Nasdaq Capital Market on October 19, 2023, under the symbol “WBUY”.