Ohmyhome Ltd. (NASDAQ: OMH, “Ohmyhome”), a one-stop-shop property
technology platform providing end-to-end property solutions and
services to buy, sell, rent, and renovate homes, as well as
property management services for condominiums in Singapore, and
Webuy Global Ltd. (Nasdaq: WBUY, “Webuy”), an
emerging community e-commerce retailer with a focus on grocery and
travel in Southeast Asia, today announced a strategic collaboration
to cross-sell both companies’ respective products and services
across Singapore.
In a joint launch event held on January 8, 2024,
Rhonda Wong, CEO and Co-founder of Ohmyhome, and Vincent Xue, CEO
and Co-founder of Webuy, unveiled a series of collaborative
partnership initiatives aimed at enhancing the customer experience
and community engagement. The event was hosted at the Ohmyhome
office headquarters at 11 Lorong 3 Toa Payoh, Jackson Square
Proptech Innovation Centre Block B, #04-17, Singapore 319579, with
the participation of Webuy management and its Group Leaders, who
are responsible for a group of customers within their respective
geographical communities from Singapore and play an important role
in upholding the Company’s community-oriented business model.
Key initiatives include:
- Integration of Ohmyhome’s
Services into Webuy Communities: Ohmyhome's service
offerings and property listings will be integrated into Webuy
communities through its Group Leaders, where Group Leaders within
each community would be responsible for a group of customers within
their respective geographical location. This collaboration will
facilitate off-market listings and provide exclusive benefits for
Webuy’s customers and Group Leaders, including Ohmyhome’s brokerage
and renovation services.
- Webuy's 'Group Buy'
Services for Ohmyhome's Homeowners: Webuy will introduce
its unique “group buy” service, offering a diverse range of daily
products such as groceries and travel, to thousands of homeowners
serviced by Ohmyhome. This initiative aims to provide convenience
and value while helping new homeowners integrate into their local
communities. As of June 30, 2023, Ohmyhome had transacted over
14,500 properties and had over 5,800 units under management, and
around 200,000 monthly active users across mobile applications and
websites.
- Offline Expansion
Support: Ohmyhome, leveraging its expertise and network,
will support Webuy and its Group Leaders in sourcing new
storefronts. This collaborative effort aligns with Webuy's plans to
open 100 offline stores strategically positioned around major
communities in Singapore, marking a significant step in Webuy’s
Online-to-Offline (“O2O”) business model.
Commenting on this collaboration, Vincent Xue,
CEO and Co-founder of Webuy, stated, “We are excited to partner
with Ohmyhome, as it aligns with our mission of maximizing value
within our communities. Ohmyhome has a proven track record,
offering its suite of brokerage services at a 1% commission rate,
which will result in significant cost savings for our customers. In
addition, we plan to leverage their brokerage service to assist our
Group Leaders as they expand their offline retail footprint across
Singapore. Moreover, we look forward to offering our full suite of
services to their expansive customer base. Together, our goal is to
make a wider range of services become more accessible to homeowners
and communities, while fostering a sense of unity and support
within local neighborhoods.”
Likewise, Rhonda Wong, CEO and Co-founder of
Ohmyhome, added, “This collaboration allows both companies to
leverage on our respective broad customer bases, thereby increasing
our reach and complementing each other’s service offerings centered
around homes and communities. Webuy’s ‘group buy’ model provides
great opportunities for our customers to interact within their
communities as they move from one home to their next.”
About Ohmyhome
Ohmyhome is a one-stop-shop property technology
platform in Singapore that provides end-to-end property solutions
and services to buy, sell, rent, and renovate homes, as well as
property management services for condominiums in Singapore. Since
its launch in 2016, Ohmyhome has transacted over 14,500 properties,
and has over 5,800 units under management as of June 30, 2023. It
is also the highest-rated property transaction platform, with more
than 8,000 genuine reviews, and an average rating of 4.9 out of 5
stars.
Ohmyhome is dedicated to bringing speed, ease,
and reliability to property-related services and to becoming the
most trusted and comprehensive property solution for everyone.
For more information, visit:
https://ohmyhome.com/en-sg/
About Webuy Global Ltd
Webuy Global Ltd (Nasdaq: WBUY) is an
innovative, technology-focused company with a goal of building the
most trusted retail brand and advanced e-commerce platform in
Southeast Asia, designed to leverage data in order to provide a
community-driven experience for consumers. The Company's unique
'group buy' business model is set to revolutionize traditional
shopping practices, by offering substantial cost savings to
customers through an efficient purchasing model and
community-centric approach. Akin to group purchases and bulk
orders, this approach simplifies the process for customers,
eliminating the need for individual bulk purchases. Furthermore,
the Company’s business model streamlines the traditional supply
chain by minimizing the involvement of intermediaries, thereby
offering a more direct "farm-to-table" supply model. The Company’s
vision is to enable the ten million families in Southeast Asia to
live a healthier, higher-quality lifestyle. Additional information
about the Company is available at http://webuy.global/
Safe Harbor Statement
This press release contains forward-looking
statements. In addition, from time to time, we or our
representatives may make forward-looking statements orally or in
writing. We base these forward-looking statements on our
expectations and projections about future events, which we derive
from the information currently available to us. Such
forward-looking statements relate to future events or our future
performance, including: our financial performance and projections;
our growth in revenue and earnings; and our business prospects and
opportunities. You can identify forward-looking statements by those
that are not historical in nature, particularly those that use
terminology such as “may,” “should,” “expects,” “anticipates,”
“contemplates,” “estimates,” “believes,” “plans,” “projected,”
“predicts,” “potential,” or “hopes” or the negative of these or
similar terms. In evaluating these forward-looking statements, you
should consider various factors, including: our ability to change
the direction of the Company; our ability to keep pace with new
technology and changing market needs; and the competitive
environment of our business. These and other factors may cause our
actual results to differ materially from any forward-looking
statement.
Forward-looking statements are only predictions.
The forward-looking events discussed in this press release and
other statements made from time to time by us or our
representatives, may not occur, and actual events and results may
differ materially and are subject to risks, uncertainties, and
assumptions about us. We are not obligated to publicly update or
revise any forward-looking statement, whether as a result of
uncertainties and assumptions, the forward-looking events discussed
in this press release and other statements made from time to time
by us or our representatives might not occur.
For more informationInvestor Contact:Skyline
Corporate Communications Group, LLCScott Powell, PresidentOne
Rockefeller Plaza, 11th FloorNew York, NY 10020 USAOffice: (646)
893-5835 x2Email: info@skylineccg.com
Visit the Investor Relation Website:
ir.ohmyhome.com
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