Webuy Announces Strategic Expansion into Insurance Referral Program
28 Mai 2024 - 12:00PM
Webuy Global Ltd (NASDAQ: WBUY) ("Webuy" or the "Company"), a
Southeast Asian community e-commerce retailer, today announced its
strategic expansion into an insurance referral program to deliver
insurance solutions to markets across Asia.
By leveraging its "One on One Match" service, Webuy’s insurance
referral program pairs each customer with an insurance specialist,
who will tailor product recommendations to meet the client’s unique
needs. Customers can access hundreds of insurance products spanning
health, life, property, travel, and more, through Webuy's
partnership with a leading insurance broker in Singapore.
The insurance referral program incentivizes Webuy's Group
Leaders to promote insurance products and drive referrals within
their communities. In turn, Group Leaders earn referral fees based
on successful referrals, customers gain access to discounted
policies, and insurance partners benefit from lower acquisition
costs and higher retention through community engagement.
Vincent Xue Bin, Chief Executive Officer and Co-Founder of
Webuy, commented, "Our mission has always been to make everyday
products and services more affordable and accessible through
community group purchases. With our expansion into insurance
referrals, we can leverage our growing community base to negotiate
better rates and connect customers with coverage plans tailored to
their individual needs. Our move into the insurance referral space
unlocks a high-potential business that dovetails with our
commitment to continuously evolve our offerings and scale into new
markets. Looking ahead, we will continue to focus on building our
community network while generating long-term value for our
shareholders."
About Webuy Global Ltd
Webuy Global Ltd (Nasdaq: WBUY) is an innovative,
technology-focused company with the goal of building the most
trusted retail brand and advanced e-commerce platform in Southeast
Asia, designed to leverage data in order to provide a
community-driven experience for consumers. The Company's
unique 'group buy' business model is set to revolutionize
traditional shopping practices, by offering substantial cost
savings to customers through an efficient purchasing model and
community-centric approach. Akin to group purchases and bulk
orders, this approach simplifies the process for customers,
eliminating the need for individual bulk purchases. Furthermore,
the Company's business model streamlines the traditional supply
chain by minimizing the involvement of intermediaries, thereby
offering a more direct "farm-to-table" supply model. The
Company’s vision is to enable the ten million families in Southeast
Asia to live a healthier, higher-quality lifestyle. Additional
information about the Company is available
at http://webuy.global/
Forward-Looking Statements
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in U.S., Singapore and Indonesia
and assumptions underlying or related to any of the foregoing and
other risks contained in reports filed by the Company 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.
Contacts
Investor Relations
Robin Yang, Partner
ICR, LLC
Email: Webuy.IR@icrinc.com
Phone: +1 (646) 880-9057
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