Webuy Global shares surge 20.14% intraday after expanding collaboration with CTG MICE on AI travel devices.

Webuy Global surged 20.14% intraday following its announcement of a second collaboration with CTG MICE Service Company Limited on AI travel devices, a partnership with China Tourism Group. This expansion, reported 16 days prior, signals strategic growth in its AI-driven travel technology segment. While the company also faced a Nasdaq notification 18 days earlier regarding stockholders’ equity deficiencies—a bearish signal—the market appeared to prioritize the positive development of strengthening its collaboration with a major tourism entity. Earlier news, such as the Surabaya retail outlet opening and cross-border education partnerships, were older and less directly linked to the immediate price action. The intraday rally suggests investors viewed the CTG MICE collaboration as a catalyst for enhanced market positioning in inbound tourism and AI innovation.