Webuy Global to Ring NASDAQ Opening Bell Today
December 18 2023 - 7:00AM
Webuy Global Ltd (Nasdaq: WBUY) (“Webuy” or the “Company”),
an emerging community e-commerce retailer with a focus on grocery
and travel in Southeast Asia, today announced it will celebrate the
Company’s progress and its recent listing on the Nasdaq Stock
Market by ringing the Nasdaq Opening Bell in Nasdaq MarketSite, 4
Times Square, 43rd & Broadway, Broadcast Studio, New York City.
Webuy commenced trading on the Nasdaq under the ticker symbol
“WBUY” on October 19, 2023.
The ceremony will begin at approximately 9:15
a.m. ET today and can be viewed live at
https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
Vincent Xue Bin, Chief Executive Officer and
Co-Founder of Webuy Global, stated, “We're honored and proud to
celebrate the tremendous progress of our business, as well as of
our recent listing on Nasdaq. This is a significant milestone for
the Company as we are focused on achieving global reach for our
community-oriented e-commerce platform. We continue to expand our
foothold within large and underserved markets Southeast Asian
markets with a focus on grocery and travel. We remain committed to
our mission of transforming the e-commerce model into a
community-driven experience for consumers, offering substantial
cost savings to customers through group purchases and bulk orders.
Overall, we are highly encouraged by the outlook for business and
opportunities within the industry, which we believe will allow us
to accelerate organic growth and strategic M&A activity to
drive significant shareholder value in the years ahead.”
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
forward-looking statements include, without limitation, references
to the Company’s expectations regarding the anticipated use of net
proceeds from the offering. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties
and assumptions that are difficult to predict. Factors that could
cause actual results to differ include, but are not limited to,
risks and uncertainties related to the satisfaction of customary
closing conditions related to the public offering, or factors that
result in changes to the Company's anticipated use of proceeds.
These and other risks and uncertainties are described more fully in
the section captioned "Risk Factors" in the Company’s Registration
Statement on Form S-1 related to the public offering (SEC File No.
File No. 333-271604). 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, LLCTel:
212-671-1020Email: wbuy@crescendo-ir.com
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