Webus International Limited Issues Clarification on Previous Announcement Related to Expedia Group
Webus International (NASDAQ:WETO) issued a clarification dated Dec 5, 2025 correcting an Oct 21, 2025 press release about its relationship with Expedia Group.
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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
Details
News Market Reaction – WETO
On Dec 8, the first trading day after this news, WETO closed 1.09% above the previous close.
Data tracked by StockTitan Argus for the Dec 8 session.
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
Historical Context
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Announced planned integration of Expedia AI Trip Planner and B2B APIs via TAAP.
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Launched AI-powered loyalty points optimization platform using OpenAI’s AgentKit.
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Announced tokenized travel reward exchange using XRP stablecoin settlement.
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Planned U.S. HQ to accelerate blockchain and AI-powered TravelTech growth.
-
Clarified Air China deal as limited preferential cooperation, not broad partnership.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. 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:
- Webus’ previous engagement with Expedia Group was limited exclusively to its participation in the Expedia Travel Agent Affiliate Program (TAAP).
- 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.
- 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
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