Webuy Signs Non‑Binding MOU With Moyu to Build China Inbound Travel Experiences
A non-binding framework pairs Moyu’s nationwide guide network with Webuy’s AI tools to pursue new inbound China travel products.
Overview
- Webuy announced a memorandum of understanding with Shanghai MoYu/MeetPanda on Monday, July 20, 2026 to explore joint development of locally connected tours and experiences for international visitors to China.
- The MOU is explicitly non-binding and does not commit either company to specific projects or commercial terms pending separate definitive agreements.
- Webuy highlighted strong early traction at its WeTrip channel, reporting approximately US$907,000 in preliminary unaudited transaction value in Q2 2026 with about US$419,000 in June, figures the company says show rapid year‑over‑year growth.
- Moyu says its MeetPanda platform has cumulative GMV above RMB1 billion, has run over 400,000 group trips and operates via more than 3,000 bilingual local guides covering over 60% of Chinese cities, a network Webuy would tap for product distribution.
- Markets reacted with a drop in WBUY shares after the announcement and the companies say next steps will focus on negotiating definitive deals and using AI to speed product design and commercialization, so concrete consumer offerings remain conditional.