# EDGAR Filing Document

**Accession Number:** 0001946703
**File Stem:** 0000000000-23-000896
**Filing Date:** 2023-1
**Character Count:** 8784
**Document Hash:** 127778e0f40deb903f329d5a71b9fb03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000896.hdr.sgml**: 20231027

**ACCESSION NUMBER**: 0000000000-23-000896

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230126

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEBUY GLOBAL LTD
- **CENTRAL INDEX KEY:** 0001946703
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS RETAIL [5900]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** CRICKET SQUARE, HUTCHINS DRIVE
- **STREET 2:** P.O. BOX 2681
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-1111
- **BUSINESS PHONE:** 65 9069 7836

**MAIL ADDRESS:**
- **STREET 1:** CRICKET SQUARE, HUTCHINS DRIVE
- **STREET 2:** P.O. BOX 2681
- **CITY:** GRAND CAYMAN
- **STATE:** E9
- **ZIP:** KY1-1111
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001640334-22-002084

## Text-Extract

```

United States securities and exchange commission logo

                            January 26, 2023

       Bin Xue
       Chief Executive Officer
       WEBUY GLOBAL LTD
       18 Tampines Industrial Crescent #04-03
       Space@Tampines
       Singapore 528605

                                                        Re: WEBUY GLOBAL LTD
                                                            Amendment No. 1 to
                                                            Draft Registration
Statement of Form F-1
                                                            Submitted January
6, 2023
                                                            CIK No. 0001946703

       Dear Bin Xue:

             We have reviewed your amended draft registration statement and
have the following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Amendment No. 1 to Draft Registration Statement on Form F-1

       Prospectus Summary
       Overview, page 3

   1.                                                   We note your response
to prior comment 2 and reissue. Please include the paragraph about
                                                        your sales and growth
since inception and balance this disclosure by also discussing your
                                                        history of net losses
for the relevant periods as well as the substantial doubt about your
                                                        ability to continue as
a going concern. We note your disclosure under "Going Concern and
                                                        Capital Resources" on
page 42.
 Bin Xue
FirstName  LastNameBin
WEBUY GLOBAL      LTD Xue
Comapany
January 26,NameWEBUY
            2023       GLOBAL LTD
January
Page 2 26, 2023 Page 2
FirstName LastName
2.       We note your response to prior comment 11, including your revisions to
page 66.
         However, you continue to reference "marketing collaterals" on pages 3
and 71. For
         consistency, please further revise your disclosure to reflect
revisions made on page
         66 regarding this term.
Business
Scalable Business Segments, page 70

3.       We note your response to prior comment 13, including revisions to add
a title to the
         diagram provided here. Please further revise your disclosure to
provide context for this
         diagram within your operational activities, including a brief
discussion of what this
         diagram illustrates. For example, please briefly discuss which
portions of the
         technological divisions and structures represented (i.e., Customer
APP, Group Leader
         Web Portal, Merchant Web Portal, Backend Services, Technology
Platform, Data
         Platform & Algorithm, and Big Data (OLTP, OLAP)) are controlled by
WeBuy and what
         the inclusion of the logos of numerous other technology providers
(e.g., Java, Spring and
         Elastic) represents.
Leader and Customer Acquisition Cycle, page 72

4.       We note your response to prior comment 15 as well as existing
disclosure that states that
         stores will display the WeBuy logo to increase awareness for your
brand. Please further
         revise this section to disclose whether these stores receive any
monetary or other
         compensation, in addition to attractive prices on fresh produce, for
agreeing to sign on as
         an affiliate of the WeBuy club.
Our Business Model
A. Groupbuy Model, page 74

5.       We note your response to prior comment 16, including your statement
that sales
         commissions are earned by Group Leaders "through their work in
promoting the Webuy
         products to their community." Please briefly expand your discussion to
provide additional
         high-level detail regarding sales commissions. For example, please
disclose whether all
         Group Leaders receive sales commissions as a percentage of sales made
by customers in
         their community or upon achieving certain sales goals. Additionally,
please disclose the
         commission rates and quantify the sales commissions paid for the
periods reflected in the
         prospectus.
 Bin Xue
FirstName  LastNameBin
WEBUY GLOBAL      LTD Xue
Comapany
January 26,NameWEBUY
            2023       GLOBAL LTD
January
Page 3 26, 2023 Page 3
FirstName LastName
C. End-to-End Involvement in the Sale and Purchase Process
Our Customers, page 87

6.       We note your response to prior comment 18 and revised disclosure on
page 87. It appears
         that "coins" and "assets" are analogous to your description of
e-vouchers and sales
         commissions, respectively, discussed on page 74 and referenced
throughout your
         disclosure. Please revise this section to make clear, if true, the
relationship between these
         two sets of terms (i.e., (i) coins and e-vouchers, and (ii) assets and
sales commissions).
Note 2. Summary of Signification Accounting Policies
Revenue Recognition, page F-11

7.       We note your response to comment 23. Please revise your disclosure to
clearly explain
         the accounting and payment procedures surrounding the "Assets" you
grant, similar to the
         first paragraph of your response.
8.       We note your response to comment 24. The guidance in ASC 280-10-50-38
explicitly
         states that ASC 280-10-50-40 applies to entities that have a single
reportable segment.
         You disclose on page 12 that you "offer a wide range of products on
our platform,
         including food and beverage, fresh produce, as well as lifestyle and
other personal care
         items." Please disclose your revenues for each group of similar
products and services.
         Alternatively, if providing this disclosure is impracticable (which is
expected to be rare),
         please tell us the specific aspects of providing this disclosure that
are impracticable and
         explain in detail why each aspect is impracticable. If your
impracticability assertion for
         one or more specific aspects surrounds excessive cost, please also
demonstrate how you
         determined the cost would be excessive.
9.       Your disclosure on pages 74 and 87 indicates you offer e-vouchers and
coins as shopping
         perks that are redeemable in purchasing credits. Please explain to us
how you account for
         these perks and, to the extent significant, please expand your revenue
recognition
         accounting policy.
       You may contact Scott Stringer at 202-551-3272 or Rufus Decker at
202-551-3769 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Kate Beukenkamp at 202-551-3861 or Donald Field at 202-551-3680 with
any other
questions.

                                                                Sincerely,

                                                                Division of
Corporation Finance
                                                                Office of Trade
& Services
cc:      Mengyi Jason Ye

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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