NextPlat Corp. (NASDAQ: NXPL), a global e-commerce provider, has inked a merchant sourcing agreement with Alibaba Group Holding Limited to leverage NextPlat’s global capabilities and Alibaba’s global Tmall, enabling businesses to reach millions of potential new customers in China. Through the collaboration, the companies will focus on increasing the sales of products produced and sold by American companies and sold to the multitrillion-dollar Chinese consumer market. Based on the agreement, NextPlat and its customers, which are companies primarily based in and producing products in the United States and throughout the Americas, can use Alibaba’s Tmall Global e-commerce platform to sell products to Chinese consumers. NextPlat plans to officially launch the first in a series of new e-commerce development programs later today; the launch event, which will take place at the Hangar Coconut Grove in Miami, will feature a keynote address by Alibaba Group president Michael J. Evans.
The initial e-commerce development program will help Florida-based businesses and manufacturers market and sell their products to potentially millions of new customers with plans to rapidly expand this unique e-commerce development opportunity to businesses throughout the United States and all of North America as well as Central and South America. “We are excited to kick off a dynamic new e-commerce development program with Tmall here in South Florida and bring the opportunity of new business in China to more American-based companies,” said NextPlat Corp. executive chair and CEO Charles M. Fernandez in the press release. “Alibaba is one of the world’s preeminent e-commerce platform companies and the leader in serving the needs of millions of consumers and businesses throughout China and Asia. With our expanded relationship with Alibaba and Tmall, we are combining our collective expertise and capabilities to provide American businesses with a novel, turn-key international e-commerce solution that can provide them with access to potentially millions of new customers without having to invest in international operations and infrastructure.”
To view the full press release, visit https://ibn.fm/0VuMJ
About NextPlat Corp
NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets for physical and digital assets. The company intends to collaborate with businesses, optimizing the ability to sell their goods online, domestically, and internationally, and enabling customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications services division through its Global Telesat Communications Ltd. and Orbital Satcom Corp. business units, which offer voice, data, tracking and IoT services to customers worldwide through multiple global storefronts. For more information about the company, please visit www.NextPlat.com.
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