MoUJul 20, 2026, 05:32 AM
Webuy Global signs MoU with Moyu; WeTrip Q2 transaction value up 9x
AI Summary
Webuy Global Ltd. announced a Memorandum of Understanding (MoU) with Shanghai MoYu Travel Service Co., Ltd. (Moyu) to jointly develop new travel experiences for international visitors to China. This partnership follows strong growth at Webuy's China-focused travel platform, WeTrip, which recorded approximately US$907,000 in total transaction value during Q2 2026, more than nine times the level of Q2 2025. The collaboration aims to combine WeTrip's international reach with Moyu's local network and destination capabilities across China, focusing on diverse cultural and customized travel services.
Key Highlights
- Webuy Global signed a Memorandum of Understanding (MoU) with Shanghai MoYu Travel Service Co., Ltd.
- WeTrip recorded approximately US$907,000 in total transaction value in Q2 2026.
- Q2 2026 transaction value was more than nine times the level recorded in Q2 2025.
- June 2026 transaction value reached approximately US$419,000.
- June 2026 transaction value was more than ten times the level recorded in June 2025.
- Moyu has generated cumulative gross merchandise value exceeding RMB1 billion.
- Moyu facilitated over 400,000 group trips and completed four rounds of financing totaling nearly RMB200 million.
- MeetPanda's network covers more than 60% of Chinese cities.
Price Impact
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