NextPlat signs merchant sourcing agreement with Alibaba's Tmall Global for US companies to access Chinese market

NextPlat Corp

Agreement with Alibaba.com Singapore E-Commerce Private Limited dated April 20, 2023, term of 90 days.
NextPlat gains right to use Tmall Global platform for its customers to sell products to Chinese consumers.
NextPlat to launch Florida e-commerce development program on April 24, 2023; Alibaba Group President Michael Evans keynote.
Program aims to help Florida businesses sell to millions of new customers via turnkey solution; no financial terms disclosed.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NextPlat Corp entered into Merchant Sourcing Agreement with Alibaba.com Singapore E-Commerce Private Limited (effective 2023-04-20).

Action: entry
Agreement: collaboration
Counterparty: Alibaba.com Singapore E-Commerce Private Limited
Effective: 2023-04-20

Exact text from the filing

On April 20, 2023, NextPlat Corp (the “Company”) and Alibaba.com Singapore E-Commerce Private Limited, a company organized under the laws of Singapore (“Alibaba”), entered into a Merchant Sourcing Agreement (the “Agreement”) pursuant to which the Company and Alibaba will collaborate in a non-exclusive manner to increase the sale of products produced and sold by American companies to the Chinese consumer market on the Tmall Global e-commerce platform.

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Source: SEC EDGAR

accession 0001493152-23-013713

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