webus

ChainCatcher news, according to GlobeNewswire, AI-driven travel solution provider Webus International Limited (Webus or the Company, NASDAQ: WETO) announced today that it has signed a strategic cooperation agreement with the international major airline Air China Limited.Air China has over 60 million PhoenixMiles members worldwide. Through this cooperation, Webus's travel brand Wetour will provide airport pick-up and drop-off as well as high-end customized driver services for Air China's global passengers and members.Wetour plans to offer Air China's PhoenixMiles members access to its overseas platform and support XRP payments, allowing travelers to enjoy faster settlement, tokenized rewards, and blockchain-supported vouchers, which will be directly linked to membership benefits. The specific implementation will depend on future business development and regulatory compliance.

ChainCatcher news, according to market data, the U.S. listed mobility service provider Webus International Limited (WETO) saw its intraday gain expand to 87.44% before retreating, currently up 22.4%, with a stock price reported at $2.668 and a trading volume of $148 million.ChainCatcher previously reported that the U.S. listed company Webus received a $100 million credit line from Ripple Strategy, which may be used to establish an XRP reserve.

ChainCatcher news, according to Globenewswire, the U.S. listed mobility service provider Webus International Limited (WETO) has signed a conditional securities purchase agreement with Ripple Strategy Holdings to obtain a preferred stock credit line of up to $100 million.The $100 million commitment will be issued at the company's discretion within 24 months after the registration statement with the U.S. Securities and Exchange Commission (SEC) becomes effective and with the approval of the company's existing underwriters, with each draw amount ranging from $250,000 to $3 million, depending on market conditions and capital needs.On May 30, Webus International Limited announced that it is exploring a financing strategy of up to $300 million to establish an XRP reserve through diversified non-equity financing tools.