NextPlat Corp. (NASDAQ: NXPL) Inks Deal to Open Doors for US Business to ‘Mammoth’ Chinese Consumer Market

• NextPlat, Tmall Global sign merchant sourcing agreement designed to give U.S. businesses easy access to Chinese e-commerce market.
• Tmall Global e-commerce platform will provide NextPlat customers a turnkey solution to sell products to the Chinese consumer market.
• Starting in Florida, NextPlat intends to expand E-Commerce Development Program businesses throughout the United States and all of the Americas.
• Turnkey international e-commerce solution simplifies the process, provides American-based companies opportunity of new business in China.

In a collaboration designed to be the “first in a series of new e-commerce development programs,” global e-commerce provider NextPlat (NASDAQ: NXPL) and Alibaba Group Holding Limited have inked a merchant sourcing agreement destined to make a mark helping American companies expand their e-commerce capabilities to reach new international customers in the Chinese market (https://ibn.fm/AwmBW). The world’s largest e-commerce market, China reportedly saw an estimated 1 billion consumers shop on e-commerce channels across the country last year, racking up 45.3% of all retail sales online (https://ibn.fm/ICJM1). NextPlat’s new relationship with Tmall Global will provide American businesses with a novel, turnkey international e-commerce solution development program designed to increase the sale of products produced and sold by American companies to the multitrillion-dollar Chinese consumer market.

“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 executive chair and CEO Charles M. Fernandez, referring to Tmall Global, an online platform that addresses the increasing Chinese consumer demand for international products and brands. With our expanded relationship. . .  we are combining our collective expertise and capabilities to provide American businesses with a novel, turnkey 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.”

Calling the Chinese market “mammoth,” a recent Alizila report noted that the country’s annual online retail sales of physical goods in yuan have nearly doubled in the last five years, reaching an estimated 13.8 trillion by early 2022 (https://ibn.fm/wdhHD). The new merchant agreement enables NextPlat customers to fully use Tmall Global e-commerce platform to seamlessly sell their products to this explosive Chinese consumer market — and enjoy benefits at the time, including discounted fees and enhanced customer service. Mostly based in and United States and throughout all of the Americas, these customers are eager to reach Chinese consumers. NextPlat’s first step, the launch of a Florida-based e-commerce development program, sets the stage for what the company is confident will be a rapid expansion of similar e-commerce development opportunities. NextPlat intends to expand these opportunities to businesses throughout the United States and all of North America as well as Central and South America. 

Commenting on the new agreement, Alibaba Group president Michael Evans stated, “Demand for American-made goods in China continues to surge, creating valuable new growth opportunities for U.S. companies with the capability to conduct international business overseas. Led by a highly experienced management team with deep roots in e-commerce, technology, and business, NextPlat is an ideal partner for Alibaba as we seek to assist more American businesses capitalize on the vast untapped potential of the Chinese consumer market.”

NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and global markets for physical and digital assets. The company collaborates with businesses, optimizing their ability to sell their goods online, domestically and internationally, while also 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 providing voice, data, tracking and IoT services to customers worldwide in more than 195 countries through multiple global storefronts. The company also has developed a next-generation platform built for Web3 that enables the use of a range of digital assets as well as optimizing e-commerce transactions and business-building activities.

For more information, visit the company’s website at www.NextPlat.com.

NOTE TO INVESTORS: The latest news and updates relating to NXPL are available in the company’s newsroom at https://ibn.fm/NXPL

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