Webus International Limited Announces Up To US$300 Million Strategic Financing Plan for XRP Blockchain Integration and Renews Nationwide Partnership with Toncheng Travel
Webus International Limited (NASDAQ: WETO) has announced two major strategic initiatives. First, the company is exploring a US$300 million non-dilutive financing plan to establish an XRP reserve for global payment solutions, utilizing cash reserves, bank lending, and institutional credit facilities. Second, Webus has renewed its nationwide partnership with Tongcheng Travel, one of China's largest online travel platforms.
The financing will support three key initiatives: establishing an XRP reserve for cross-border settlements, developing blockchain infrastructure including Web3 features, and accelerating global expansion. The Tongcheng partnership extends their "Wetour × Tongcheng" branded inter-city charter services across China, connecting Webus's premium vehicle network with Tongcheng's 240 million annual paying users.
Webus International Limited (NASDAQ: WETO) ha annunciato due importanti iniziative strategiche. In primo luogo, la società sta valutando un piano di finanziamento non diluitivo da 300 milioni di dollari per creare una riserva di XRP destinata a soluzioni di pagamento globali, utilizzando riserve di liquidità, prestiti bancari e linee di credito istituzionali. In secondo luogo, Webus ha rinnovato la sua partnership a livello nazionale con Tongcheng Travel, una delle più grandi piattaforme di viaggi online in Cina.
Il finanziamento sosterrà tre iniziative chiave: la creazione di una riserva di XRP per i pagamenti transfrontalieri, lo sviluppo di infrastrutture blockchain comprensive di funzionalità Web3, e l'accelerazione dell'espansione globale. La partnership con Tongcheng estende i servizi di charter interurbani marchiati "Wetour × Tongcheng" in tutta la Cina, collegando la rete di veicoli premium di Webus con i 240 milioni di utenti paganti annuali di Tongcheng.
Webus International Limited (NASDAQ: WETO) ha anunciado dos importantes iniciativas estratégicas. Primero, la compañía está explorando un plan de financiamiento no dilutivo de 300 millones de dólares para establecer una reserva de XRP destinada a soluciones de pago globales, utilizando reservas de efectivo, préstamos bancarios y líneas de crédito institucionales. Segundo, Webus ha renovado su asociación a nivel nacional con Tongcheng Travel, una de las plataformas de viajes en línea más grandes de China.
El financiamiento apoyará tres iniciativas clave: establecer una reserva de XRP para liquidaciones transfronterizas, desarrollar infraestructura blockchain que incluya funciones Web3 y acelerar la expansión global. La asociación con Tongcheng extiende sus servicios de charter interurbano con la marca "Wetour × Tongcheng" por toda China, conectando la red de vehículos premium de Webus con los 240 millones de usuarios que pagan anualmente de Tongcheng.
Webus International Limited (NASDAQ: WETO)는 두 가지 주요 전략적 계획을 발표했습니다. 첫째, 회사는 현금 보유액, 은행 대출, 기관 신용 시설을 활용하여 글로벌 결제 솔루션을 위한 XRP 준비금을 마련하기 위해 3억 달러 규모의 비희석성 자금 조달 계획을 모색하고 있습니다. 둘째, Webus는 중국 최대 온라인 여행 플랫폼 중 하나인 Tongcheng Travel과의 전국 파트너십을 갱신했습니다.
이번 자금 조달은 국경 간 결제를 위한 XRP 준비금 구축, Web3 기능을 포함한 블록체인 인프라 개발, 그리고 글로벌 확장 가속화라는 세 가지 핵심 과제를 지원할 것입니다. Tongcheng과의 파트너십은 중국 전역에서 "Wetour × Tongcheng" 브랜드의 도시 간 전세 서비스 확장으로, Webus의 프리미엄 차량 네트워크와 Tongcheng의 연간 2억 4천만 유료 사용자를 연결합니다.
Webus International Limited (NASDAQ : WETO) a annoncé deux initiatives stratégiques majeures. Premièrement, la société envisage un plan de financement non dilutif de 300 millions de dollars pour constituer une réserve de XRP destinée aux solutions de paiement mondiales, en utilisant les réserves de trésorerie, les prêts bancaires et les facilités de crédit institutionnelles. Deuxièmement, Webus a renouvelé son partenariat national avec Tongcheng Travel, l'une des plus grandes plateformes de voyage en ligne en Chine.
Ce financement soutiendra trois initiatives clés : la constitution d'une réserve de XRP pour les règlements transfrontaliers, le développement d'infrastructures blockchain intégrant des fonctionnalités Web3, et l'accélération de l'expansion mondiale. Le partenariat avec Tongcheng étend leurs services de charter interurbains sous la marque "Wetour × Tongcheng" à travers la Chine, reliant le réseau de véhicules premium de Webus aux 240 millions d'utilisateurs payants annuels de Tongcheng.
Webus International Limited (NASDAQ: WETO) hat zwei bedeutende strategische Initiativen angekündigt. Erstens prüft das Unternehmen einen nicht verwässernden Finanzierungsplan in Höhe von 300 Millionen US-Dollar, um eine XRP-Reserve für globale Zahlungslösungen aufzubauen, wobei Barmittel, Bankkredite und institutionelle Kreditfazilitäten genutzt werden. Zweitens hat Webus seine landesweite Partnerschaft mit Tongcheng Travel, einer der größten Online-Reiseplattformen Chinas, erneuert.
Die Finanzierung wird drei zentrale Initiativen unterstützen: Aufbau einer XRP-Reserve für grenzüberschreitende Abwicklungen, Entwicklung der Blockchain-Infrastruktur einschließlich Web3-Funktionen und Beschleunigung der globalen Expansion. Die Partnerschaft mit Tongcheng erweitert ihre "Wetour × Tongcheng"-gebrandeten Intercity-Charterdienste in ganz China und verbindet das Premium-Fahrzeugnetzwerk von Webus mit Tongchengs 240 Millionen zahlenden Nutzern jährlich.
- Strategic US$300 million financing plan structured as non-dilutive, preserving shareholder value
- Partnership renewal with Tongcheng Travel provides access to 240 million annual paying users
- XRP blockchain integration could reduce costs and enable instant cross-border settlements
- Development of comprehensive blockchain infrastructure including Web3 loyalty tokens
- Financing plan remains non-binding and subject to conditions
- Implementation of blockchain infrastructure may require significant technical resources and time
- Potential regulatory risks associated with XRP and cryptocurrency integration
Insights
Webus plans $300M financing for XRP blockchain integration and renews major partnership with Tongcheng Travel, potentially transforming its cross-border payment capabilities.
Webus International Limited has unveiled a two-pronged strategy that could significantly enhance both its domestic Chinese operations and international payment capabilities. The company is exploring up to $300 million in non-dilutive financing to establish an XRP blockchain reserve, while simultaneously renewing its partnership with Tongcheng Travel, which serves 240 million annual paying users.
The financing strategy is particularly noteworthy for its structure. By pursuing non-equity funding vehicles including cash reserves, bank lending, shareholder guarantees, and institutional credit facilities, Webus appears to be consciously avoiding shareholder dilution while still pursuing substantial capital for its blockchain initiatives. This approach indicates management's confidence in generating returns that exceed financing costs.
The XRP implementation represents a strategic pivot toward blockchain technology with three specific objectives: establishing a reserve for cross-border settlements, developing comprehensive blockchain infrastructure (wallets, Web3 loyalty tokens, on-chain booking), and accelerating global expansion. The focus on XRP specifically suggests Webus is prioritizing a blockchain known for fast settlement times and low transaction costs – critical factors for a global mobility service provider managing frequent, time-sensitive international payments.
The renewed Tongcheng Travel partnership complements this blockchain strategy by strengthening Webus's domestic Chinese operations. This "Wetour × Tongcheng" collaboration connects Webus's premium vehicle network with Tongcheng's massive user base and mobility data, potentially creating a powerful domestic foundation to support international expansion.
The combination of domestic operational strength and improved international payment capabilities could create significant competitive advantages in the global travel mobility space, though investors should note the financing plan remains non-binding pending definitive documentation.
HANGZHOU, China, May 29, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus,” the “Company,” “we,” “our,” or “us”) (NASDAQ: WETO), a recognized provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services for travelers worldwide, today announced two complementary strategic developments that significantly advance its vision of a seamless, borderless travel ecosystem.
The Company is exploring a financing strategy of up to US
"These strategic developments have the potential to create a powerful synergy between our domestic and international operations," said Nan Zheng, Chief Executive Officer of Webus. "Our partnership with Tongcheng strengthens our China network infrastructure, while the integration of an XRP blockchain integration has the potential to revolutionize how we handle cross-border payments for both partners and travelers worldwide."
The Financing, which is currently under discussion, would provide support for three key Webus initiatives:
- Establishment of a strategic XRP reserve enabling instant, low-cost cross-border settlements
- Development of a comprehensive blockchain infrastructure including wallets, Web3 loyalty tokens, and on-chain booking records
- Acceleration of global expansion initiatives
The renewed multi-year strategic cooperation with Tongcheng extends their successful "Wetour × Tongcheng" branded inter-city charter lines throughout China. The partnership leverages Tongcheng's vast mobility data and 240 million annual paying users with Webus's premium vehicle network to deliver seamless first- and last-mile services domestically.
"Our technology roadmap now delivers end-to-end innovation," Zheng added. "Domestically, our Tongcheng Partnership provides unmatched reach across China's mobility landscape. Internationally, our potential XRP implementation can eliminate traditional payment friction, allowing instant settlement with chauffeurs and service providers worldwide while providing immediate refunds when needed. Together, these initiatives can create a truly borderless travel experience for our customers."
The Financing Plan remains non-binding until definitive documentation is completed and specified conditions are satisfied.
About Webus International Limited
Webus International Limited is a recognized provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services for travelers worldwide. Through our innovative "Mobility-as-a-Service" (MaaS) model, we deliver exceptional personalized transportation experiences with our extensive fleet of luxury vehicles and professional chauffeurs.
Our flagship brand “Wetour” specializes in high-end customized travel services, offering airport transfers, intercity transportation, private guided tours, and luxury chartered services for both leisure and business travelers. Leveraging proprietary technology, our platform integrates real-time AI support with 24/7 multilingual itinerary management, ensuring seamless mobility solutions across all international destinations we serve. For more information, please visit our website at www.webus.vip or www.wetourglobal.com.
About Tongcheng Travel
Tongcheng Travel stands as a leading travel platform in China with a large and diverse user base. It was listed on the Hong Kong Stock Exchange in November 2018 under the stock code 0780.HK.
Tongcheng Travel is a one-stop shop for users' travel needs. Guided by the mission to "make travel easier and more joyful," Tongcheng Travel provides a wide array of innovative products and services covering every aspect of travel. Tongcheng Travel’s offerings encompass transportation ticketing, accommodation bookings, tourist attraction tickets, packaged tours, and a variety of value-added ancillary services. Tongcheng Travel is dedicated to evolving its product and service to continuously meet the changing demands of its users throughout their journeys.
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its common stock on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
FAQ
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