Close Menu
Indo Guard OnlineIndo Guard Online
  • Home
  • Cyber Security
  • Risk Management
  • Travel
  • Security News
  • Tech
  • More
    • Data Privacy
    • Data Protection
    • Global Security
What's Hot

Google exposes Vishing Group UNC6040 target on Salesforce with a fake app for a data loader

June 4, 2025

Malicious Chaos Rats are aimed at Windows and Linux via fake network downloads

June 4, 2025

Why do traditional DLP solutions do not get in the browser era

June 4, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram YouTube
Indo Guard OnlineIndo Guard Online
Subscribe
  • Home
  • Cyber Security
  • Risk Management
  • Travel
  • Security News
  • Tech
  • More
    • Data Privacy
    • Data Protection
    • Global Security
Indo Guard OnlineIndo Guard Online
Home » Webuy launches travel service in Indonesia By Investing.com
Travel

Webuy launches travel service in Indonesia By Investing.com

AdminBy AdminJuly 16, 2024No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


SINGAPORE – Webuy Global Ltd (NASDAQ: WBUY), a Southeast Asian e-commerce retailer, announced today the expansion of its business model with the introduction of a travel service in Indonesia. The company seeks to capitalize on the growing middle class in Indonesia, which the World Bank projects will make up 80% of the population by 2045.

The new travel service aims to meet the increasing demand for high-quality travel experiences among Indonesian consumers. Webuy’s approach includes the Mitra Referral Program, designed to simplify the connection between potential travelers and the company’s services. The program also offers benefits to travel agents, providing them with an additional income source through referrals.

The company’s inaugural travel package, a tour in Korea, resulted in 100% customer satisfaction from participants, according to a post-tour survey. Vincent Xue Bin, CEO and Co-Founder of Webuy, expressed his satisfaction with the travel service’s positive reception and outlined plans to continue expanding the company’s reach in the Southeast Asian tourism market. He emphasized the role of Webuy’s experienced consultants in providing personalized travel solutions.

Webuy’s business model, known for its ‘group buy’ approach, promises cost savings for customers by facilitating bulk purchases and minimizing intermediary involvement in the supply chain. The company’s vision is to enable ten million families in Southeast Asia to lead healthier, higher-quality lifestyles.

This announcement is based on a press release statement.

InvestingPro Insights

Webuy Global Ltd (NASDAQ: WBUY) is making strides in diversifying its business operations with the launch of a new travel service in Indonesia, targeting the burgeoning middle class. As the company ventures into this new market segment, it’s important for investors to keep an eye on the company’s financial health and market performance. Here’s a snapshot of Webuy’s current financial metrics:

  • The company’s market capitalization stands at a modest $42.72 million.
  • Webuy’s revenue growth has been robust, with an increase of 38.43% over the last twelve months as of Q4 2023.
  • Despite the growth in revenue, the company’s gross profit margin remains low at 8.34%, indicating challenges in cost management.

On the investment front, Webuy’s stock performance has shown significant volatility. Over the last six months, the stock has experienced a substantial decline of 88.44%, yet it has also seen a strong return of 60.83% over the last month. These swings in stock value reflect the dynamic and potentially speculative nature of investing in Webuy.

Investors considering Webuy should note the InvestingPro Tips that highlight key aspects of the company’s financial status:

  • Webuy holds more cash than debt on its balance sheet, which may provide some level of financial stability.
  • Analysts anticipate sales growth in the current year, suggesting potential for revenue expansion despite current profitability concerns.

For those looking to dive deeper into Webuy’s financials and stock performance, additional InvestingPro Tips are available. In fact, there are over 10 more tips that can be accessed through the InvestingPro platform, which provides in-depth analysis and real-time data to help investors make informed decisions. To enrich your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





Source link

Indonesia Investing.com launches service travel Webuy
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
Admin
  • Website

Related Posts

Indonesia’s New Goalkeeper? Maarten Paes on International Future

July 30, 2024

Indonesia warns 6 foreign OTAs to register or risk being blocked – Companies

July 30, 2024

Mali is surging the tourism industry with visa free travel policy to 24 countries , including United Arab Emirates, Morocco and Indonesia

July 30, 2024

Garuda Indonesia and Singapore Airlines strengthen commercial partnership

July 29, 2024

Indonesia’s Golden Visa Could Be Your Ticket To The Island Nation’s Incredible Beaches

July 29, 2024

The best resorts in Bali, Indonesia

July 29, 2024
Add A Comment
Leave A Reply Cancel Reply

Loading poll ...
Coming Soon
Do You Like Our Website
: {{ tsp_total }}

Subscribe to Updates

Get the latest security news from Indoguardonline.com

Latest Posts

Google exposes Vishing Group UNC6040 target on Salesforce with a fake app for a data loader

June 4, 2025

Malicious Chaos Rats are aimed at Windows and Linux via fake network downloads

June 4, 2025

Why do traditional DLP solutions do not get in the browser era

June 4, 2025

Packages malicious Pypi, NPM and Rubin

June 4, 2025

HPE releases security patch for Storeonce error, which allows by -by -distance authentication

June 4, 2025

Fake Docusign, Gitcode Sites Distributed Netsupport Rat Through Multiple Attack PowerShell

June 3, 2025

Critical 10-year Error Webmail RoundCube allows users to run the malicious code

June 3, 2025

Understanding the scammers and how to defend their organization

June 3, 2025
About Us
About Us

Provide a constantly updating feed of the latest security news and developments specific to Indonesia.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Google exposes Vishing Group UNC6040 target on Salesforce with a fake app for a data loader

June 4, 2025

Malicious Chaos Rats are aimed at Windows and Linux via fake network downloads

June 4, 2025

Why do traditional DLP solutions do not get in the browser era

June 4, 2025
Most Popular

In Indonesia, crippling immigration ransomware breach sparks privacy crisis

July 6, 2024

Why Indonesia’s Data Breach Crisis Calls for Better Security

July 6, 2024

Indonesia’s plan to integrate 27,000 govt apps in one platform welcomed but data security concerns linger

July 6, 2024
© 2025 indoguardonline.com
  • Home
  • About us
  • Contact us
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.