NextPlat Corp (NXPL)

[stockforce]

NextPlat Signs Merchant Sourcing Agreement with Alibaba Group Launches New E-Commerce Program to Provide American Businesses Easy Access to Chinese Consumer Market

https://ir.nextplat.com/news-events/press-releases/detail/102/nextplat-signs-merchant-sourcing-agreement-with-alibaba

Program to Leverage NextPlat's Global Capabilities and Partnership and Feature Alibaba's Tmall Global to Help Businesses Reach Millions of New Potential International Customers in China

COCONUT GROVE, FL / ACCESSWIRE / April 21, 2023 / NextPlat Corp (NASDAQ:NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-commerce provider, and Alibaba Group Holding Limited ("Alibaba") today announced they have entered into a merchant sourcing agreement whereby the two companies will collaborate to increase the sale of products produced and sold by American companies to the multi-trillion-dollar Chinese consumer market.

The agreement gives NextPlat the right to utilize Alibaba's Tmall Global e-commerce platform for use by NextPlat's Customers in the sale of their products to the Chinese consumer market and will provide NextPlat Customers a turn-key solution through which products can be sold to the Chinese consumer market. NextPlat Customers are defined as companies primarily based in and producing products in the United States and throughout all of the Americas.

NextPlat recently announced the launch of the first in a series of new e-commerce development programs designed to assist businesses to expand their existing online sales capabilities to reach new international customers in the Chinese market. The launch of the Florida e-commerce development program will be formally announced on Monday, April 24, 2023, at The Hangar Coconut Grove in Miami, Florida. NextPlat intends 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. Alibaba Group President J. Michael Evans will be the keynote speaker at the event. Tmall Global, Alibaba's premier B2C cross-border platform for global brands to reach Chinese consumers, will also present the opportunities and consumer trends in China and discuss its variety of business solutions to help small and mid-sized entities launch in the market.

The initial e-commerce development program, aims to help Florida-based businesses and manufacturers market and sell their products to potentially millions of new customers. The new development program will feature NextPlat's turnkey global e-commerce solution for customers, and leverage NextPlat's relationships with key partners in Florida.

"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. 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," said Charles M. Fernandez, Executive Chairman and CEO of NextPlat.

"Demand for American-made goods in China continues to surge, creating valuable new growth opportunities for US 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," said Michael Evans, President of Alibaba Group.

To learn more about NextPlat's e-commerce development program or to attend, please visit www.nextplat.com/florida

To learn more about Tmall Global, please visit https://merchant.tmall.hk/en .