Meiwu Technology raised approximately $58.8 million through the sale of ordinary shares and warrants during the first half of 2026, funding a strategic pivot to functional skincare products that drove net revenue to $4.87 million, up 96% from $2.48 million in the prior year period. The company reported a net loss of $15.8 million, driven by $11.7 million in sales and marketing expenses and $3.5 million in research and development costs for its new MOBO App. Cash reserves increased to $54 million as the firm transitions from training services to e-commerce skincare sales.
