Webus International Limited Issues Clarification on Previous Announcement Related to Expedia Group

Rhea-AI Summary

Webus International (NASDAQ:WETO) issued a clarification dated Dec 5, 2025 correcting an Oct 21, 2025 press release about its relationship with Expedia Group. Webus says the earlier release overstated the relationship: its engagement was limited to participation in the Expedia Travel Agent Affiliate Program (TAAP) and did not include access to Smart Trip AI, Expedia B2B APIs, or other proprietary technologies, nor were there negotiations for such access. Webus reports Expedia terminated Webus’ TAAP access effective Nov 10, 2025. Webus acknowledges the notice and commits to accurately representing its business relationships in future communications.

Positive

• Acknowledged error and issued formal clarification on Dec 5, 2025
• Commitment to accurate future communications to restore credibility

Negative

• Access to Expedia TAAP terminated effective Nov 10, 2025
• Prior press release inaccurately claimed an "expanded partnership" with Expedia

Key Figures

FY2025 revenue RMB35,593,055 ($4,968,599) Year ended June 30, 2025

Prior-year revenue RMB45,976,421 Year ended June 30, 2024

FY2025 net loss RMB12,483,047 ($1,742,567) Year ended June 30, 2025

Operating cash outflow RMB58,731,377 FY2025 operating activities

Financing cash inflow RMB69,137,486 FY2025 financing activities

Cash balance RMB11,351,952 As of June 30, 2025

Short-term borrowings RMB30,000,000 As of June 30, 2025

Shares outstanding 22,000,000 Ordinary shares as of June 30, 2025

Market Reality Check

$0.9200 Last Close

Volume Volume 8,597 is 0.71x the 20-day average of 12,172 shares. normal

Technical Price at $0.92, trading below the 200-day MA of $2.47 and 78.6% under the 52-week high.

Peers on Argus 1 Up

Sector context shows mixed action: peer AMOD appears in momentum scans, moving 7.039999961853027% up, while WETO’s price change over the prior 24 hours was 0%, indicating this clarification is more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Oct 21	AI partnership update	Positive	-6.9%	Announced planned integration of Expedia AI Trip Planner and B2B APIs via TAAP.
Oct 15	AI platform launch	Positive	-10.9%	Launched AI-powered loyalty points optimization platform using OpenAI’s AgentKit.
Oct 08	Crypto loyalty plan	Positive	-1.4%	Announced tokenized travel reward exchange using XRP stablecoin settlement.
Oct 06	US HQ, AI focus	Positive	+21.3%	Planned U.S. HQ to accelerate blockchain and AI-powered TravelTech growth.
Sep 10	Air China clarification	Negative	-1.3%	Clarified Air China deal as limited preferential cooperation, not broad partnership.

Pattern Detected

Recent positive AI/blockchain and partnership announcements often saw negative price reactions, while a major AI/HQ expansion and a prior clarification produced more modestly aligned moves.

Recent Company History

Over the last few months, Webus highlighted multiple AI and blockchain initiatives, including an AI-powered points optimization platform and a tokenized travel rewards exchange targeting the $20+ billion loyalty market. An October AI and U.S. headquarters expansion update coincided with a 21.28% gain, but later AI and Expedia integration news saw declines. A September clarification around Air China cooperation also modestly pressured shares. Today’s Expedia-related clarification continues a pattern of revisiting earlier partnership communications and narrowing prior claims.

Market Pulse Summary

This announcement narrows earlier expectations around Webus’ relationship with Expedia Group, confirming participation was limited to the Expedia TAAP program and that TAAP access ended on November 10, 2025. It follows a similar clarification regarding Air China, indicating a need to monitor how future communications characterize partnerships. Investors may also track fundamentals from the FY2025 20-F, including revenue trends, net losses, and borrowing levels, to contextualize headline-driven narratives about AI and travel-tech growth.

AI-generated analysis. Not financial advice.

New York, USA, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus” or the “Company”) provides the following clarification regarding a press release on October 21, 2025, titled "Webus International Limited to Expand Wetour's Expedia TAAP Partnership with Integration of Expedia Group's Newly Announced AI Trip Planner and APIs." (the “Press Release”):

The Press Release contains inaccurate descriptions of the scope of Webus’ relationship with Expedia Group, which Webus now seeks to clarify as follows:

1. Webus’ previous engagement with Expedia Group was limited exclusively to its participation in the Expedia Travel Agent Affiliate Program (TAAP).

2. Webus has never had access to Expedia Group’s Smart Trip AI™, B2B APIs, or any other proprietary AI technologies or trademarks nor were Webus and Expedia Group engaged in negotiations to permit such access.

3. References to an “expanded partnership” or any technical integration were inaccurate and did not correctly depicted the nature of the relationship.

Expedia Group has notified Webus that its access to the TAAP Program was terminated effective November 10, 2025.

Webus acknowledges this notice and will ensure all future communications accurately represent the scope of its business relationships.

About Webus International Limited (NASDAQ: WETO)

Webus International Limited (“WETO”) is a global TravelTech company providing AI-driven customized travel and digital mobility solutions for travelers. Through its flagship brand Wetour Travel Tech LLC and regional subsidiaries, WETO offers premium chauffeur services, personalized itineraries, and blockchain-enabled travel products across North America, Asia, and the Middle East. For more information, please visit www.wetourglobal.com.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are based on the Company’s current expectations, forecasts, and assumptions and involve risks and uncertainties that could cause actual outcomes to differ materially from those stated or implied. These risks and uncertainties include, but are not limited to, the Company’s ability to manage and communicate business partnerships, the development of future service offerings, and general economic or industry conditions.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Investor Relations Contact:

Annabelle Li
Investor Relations – Webus International Limited
Email: ir.annabelle@webus.vip

FAQ

What did Webus (WETO) clarify on Dec 5, 2025 about Expedia Group?

Webus clarified its Oct 21, 2025 release and said its relationship was limited to Expedia TAAP and did not include access to Smart Trip AI or Expedia B2B APIs.

When did Expedia terminate Webus' (WETO) TAAP access?

Expedia notified Webus that TAAP access was terminated effective Nov 10, 2025.

Did Webus (WETO) ever access Expedia Group's Smart Trip AI or B2B APIs?

No; Webus stated it never had access to Smart Trip AI, B2B APIs, or other proprietary Expedia technologies.

Does the Dec 5, 2025 clarification affect Webus' public disclosures?

Webus said it will ensure all future communications accurately represent the scope of its business relationships.

What was wrong with Webus' Oct 21, 2025 press release about Expedia?

Webus says the Oct 21 release inaccurately described an "expanded partnership" and technical integration that did not exist.