NEW YORK, July 23, 2026, 11:10 a.m. EDT – Shares of Webuy Global NASDAQ:WBUY surged 36% as a renewed travel push across China highlights a growing need for funding.
- Nasdaq opening: Shares of Webuy were at $1.03, showing a 35.9% rise, as of 10:55 a.m. EDT.
- Trading volume hit 149.3 million shares, representing 28.7 times the most recent reported Class A share count.
- The tourism announcement on Thursday did not disclose any contract value or specify a revenue goal.
Shares of Webuy Global Ltd. NASDAQ:WBUY jumped on Thursday following the company’s move to broaden its connections within China’s inbound tourism sector.
The shares were last at $1.03 by 10:55 a.m. EDT, with trading volume hitting 149.3 million on the Nasdaq open.
That turnover represented 28.7 times the most recent Class A share count reported by Webuy. As shares may be traded multiple times, the figure reflects trading intensity, not a change in ownership.
Webuy announced it has joined the Pacific Asia Travel Association and intends to participate in the China Inbound Tourism Alliance Conference. The statement did not mention any financial details, customer agreements, or earnings forecasts.
The gap is significant. While the rally could ease financing conditions, it may not translate into higher cash generation.
Thursday trading takes place amid weak audited results and significant issuance capacity. The comparison is based on Webuy’s most recent SEC-disclosed share count.
| Measure | Latest | Comparator | Change or scale |
|---|---|---|---|
| Share price | $1.03 | $0.758 prior close | up 35.9% |
| Intraday volume | 149.3 million | 5.20 million reported Class A shares | 28.7 times higher |
| 2025 revenue | $18.83 million | $50.87 million in 2024 | down 63.0% |
| 2025 gross margin | 12.0% | 5.0% in 2024 | rise of 7.0 percentage points |
| 2025 net loss | $8.69 million | $6.78 million in 2024 | 28.3% steeper |
| Potential new Dogwood shares | 50.0 million | 5.20 million reported Class A shares | 9.6 times as many |
Webuy’s 2025 results indicate an ongoing transformation. Revenue saw a steep decline while gross margin more than doubled. Net loss increased, with operating expenses still exceeding gross profit.
Shareholder equity at the end of the year was $3.29 million, a decline of 52.2%. Nasdaq resolved an equity-deficiency issue in May once the balance rose above its required minimum.
A recent operating update provides an initial contrast. WeTrip’s preliminary, unaudited transaction value for the second quarter totaled roughly $907,000, reflecting an increase of more than ninefold compared to the same period a year before.
June transaction value totaled around $419,000, marking an increase of more than ten times. Still, transaction value differs from reported revenue. Webuy did not reveal a take rate, margin, or cash contribution for these bookings.
Chief Executive Vincent Xue Bin stated, “We believe China’s inbound tourism market represents one of the most compelling long-term growth opportunities in global travel.” GlobeNewswire
The way the deal is structured gives Thursday’s market action importance beyond just momentum. Webuy could instruct Dogwood Partners to acquire shares worth up to $20 million, or it might opt not to sell any at all.
The registered resale involves 50.2 million shares, comprising 50 million potential new shares and 200,000 commitment shares. According to the SEC filing, the entire amount could account for roughly 90.61% of the Class A shares outstanding after issuance.
Shares are bought at 97% of either the lowest daily price or the volume-weighted average price, whichever is less, but not below a set minimum. Generally, when market prices are higher, fewer shares are issued per dollar obtained. Thursday’s announcement did not mention any use of the facility.
Risks: The Moyu deal is not legally binding, and WeTrip numbers are still initial estimates. Issuing Dogwood might lead to shareholder dilution and put downward pressure on the share price. Webuy reported a loss of $8.69 million for 2025, with cash holdings of $3.06 million.
The subsequent operational milestone requires attention. Investors seek figures on China-travel revenue, margins, as well as details on equity-line sales.
