Webus International Signs Strategic Partnership Agreement with Air China, Unlocking Access to 60M+ Members and Introducing Future XRP Payment Solutions
Rhea-AI Summary
Webus International (NASDAQ: WETO), an AI-driven mobility solutions provider, has formed a strategic partnership with Air China, gaining potential access to over 60 million PhoenixMiles members globally. Through this collaboration, Webus's travel brand Wetour will provide premium chauffeur services and airport transfers to Air China's passengers and members worldwide.
The partnership also includes plans to implement XRP payment solutions on Wetour's overseas platform, which will enable PhoenixMiles members to access features like faster settlement, tokenized rewards, and blockchain-enabled vouchers, subject to regulatory compliance. This initiative represents a significant step in connecting airline loyalty programs with Web3 travel solutions.
Positive
- Strategic access to Air China's massive base of 60+ million PhoenixMiles members
- Expansion of global service footprint through partnership with major international airline
- Future implementation of blockchain technology and XRP payments could enhance service offerings
- Integration potential with Web3 travel solutions positions company for future innovation
Negative
- XRP payment implementation subject to regulatory compliance and future business development
- Partnership benefits are potential rather than immediate, using language like 'may provide'
News Market Reaction
On the day this news was published, WETO declined 2.10%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.7% during that session. Argus tracked a trough of -23.5% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $52M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
HANGZHOU, China, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Webus International Limited (“Webus” or the “Company”) (NASDAQ: WETO), a leading provider of AI-driven mobility solutions specializing in premium, customizable chauffeur services worldwide, today announced that it has signed a strategic partnership agreement with Air China Limited, a major international airline with over 60 million PhoenixMiles members worldwide.
Through this partnership, Webus’s travel service brand, Wetour, may provide Air China’s passengers and members worldwide with airport transfers and premium chauffeur services.
“This collaboration with Air China, with the potential to reach more than 60 million members and passengers, not only expands Wetour’s global service footprint but also accelerates our vision of building a Ripple-integrated travel ecosystem,” said Nan Zheng, CEO of Webus.
Looking ahead, Wetour plans to provide Air China’s PhoenixMiles members with access to its overseas platform with XRP payment support, enabling travelers to benefit from faster settlement, tokenized rewards, and blockchain-enabled vouchers directly tied to their membership benefits, subject to future business development and regulatory compliance. This marks a key step in connecting one of the world’s largest airline loyalty bases with the next generation of Web3 travel solutions.
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 an innovative Mobility-as-a-Service (MaaS) model, Webus delivers personalized transportation experiences with an extensive fleet of luxury vehicles and professional chauffeurs.
The Company’s flagship brand Wetour offers global airport transfers, intercity transportation, private guided tours, and luxury-chartered services for leisure and business travelers.
For more information, please visit https://ir.wetourglobal.com or https://www.wetourglobal.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the company’s plans and expectations for its strategic partnership with Air China; availability, functionality and geographic rollout of XRP payments on Wetour; potential benefits of crypto-enabled settlement; user adoption; regulatory approvals and compliance; and the Company’s digital-asset management framework. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including market conditions, regulatory changes, technology integration timelines, and other factors discussed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements except as required by law. This release does not constitute an offer to sell or the solicitation of an offer to buy any security or digital asset.
Investor Relations Contact:
Annabelle Li
Investor Relations – Webus International Limited
Email: ir.annabelle@webus.vip
FAQ
What is the partnership between Webus International (NASDAQ: WETO) and Air China?
How many PhoenixMiles members will Webus (WETO) have access to through the Air China partnership?
How will XRP be integrated into Webus's partnership with Air China?
What services will Webus (WETO) provide to Air China passengers?
What is the significance of the Air China partnership for Webus (WETO)?
