07:33 AM EDT, 06/27/2025 (MT Newswires) -- Webuy Global ( WBUY ) said Friday it has signed a memorandum of understanding with CTG MICE Service to enhance inbound tourism services to China.

Financial terms were not disclosed.

Under their partnership, the companies will provide premium services, enhance infrastructure, and design travel routes to attract more Chinese inbound travelers, Webuy said, adding their services would include visa facilitation, conference support, and access to heritage sites.

CTG MICE is a unit of China Tourism Group Travel Services, which is part of state-owned China Tourism Group.

Shares of Webuy were down more than 8% in recent premarket activity Friday.