- NextPlat inks deal to provide American businesses easy access to Chinese consumer market
- E-Commerce Development Program in collaboration with Tmall Global announced at Miami event
- Tmall Global e-commerce platform will provide NextPlat customers simple turnkey solution to sell products to the Chinese consumer market
- First in a series of new e-commerce development programs designed to provide US businesses swift, easy e-commerce access to new international customers
April 24, 2023, was a great day in Miami for NextPlat (NASDAQ: NXPL, NXPLW) and U.S. businesses eager to expand their e-commerce efforts and market goods to the multitrillion-dollar Chinese consumer market. In collaboration with Alibaba’s Tmall Global, NextPlat formally introduced the launch of its new Florida E-Commerce Development Program (https://ibn.fm/UZGwH), the first in a series of new e-commerce development programs designed to provide U.S. businesses swift, easy e-commerce access to new customers in the Chinese market.
This no-hassle solution is a perfect fit for U.S. businesses that want to expand international e-commerce. NextPlat’s next generation e-commerce platform was created to simplify and accelerate online commerce and uniquely enables customers and partners to optimize their e-commerce reach, presence and revenue. Partnered with Tmall Global, the leading import e-commerce platform in China, NextPlat’s new e-commerce development program seamlessly connects Chinese consumers to U.S. products and brands without the need for physical operations in China.
NextPlat has inked a merchant sourcing agreement with Tmall Global (https://ibn.fm/uGy5O) where the two companies outlined collaborative efforts to increase the sale of products produced and sold by American companies to the Chinese consumer market. NextPlat will integrate with the Tmall Global e-commerce platform to facilitate use by NextPlat’s customers in the sale of their products to the Chinese consumer market. Tmall Global will also provide NextPlat customers with a simple turnkey solution through which products can be sold to the Chinese consumer market. No worries about shipping, tariffs, storage, delivery, currency exchange or payments — a dream for American e-commerce businesses.
And what a sweet dream it is for U.S. business. It’s reported that the world’s largest e-commerce market had around 1 billion consumers shop on e-commerce channels across the country last year alone (https://ibn.fm/VmV1R). All indications are that the online shopping trend in China will continue and likely increase in the years to come.
Launching the e-commerce development program in its home state of Florida, NextPlat intends to aggressively expand the program throughout the United States and beyond. It’s important to note that the merchant sourcing agreement defines NextPlat customers as companies primarily based in the United States that produce products made in North America, South America and/or Central America. Onboarding businesses in all of the Americas could quickly snowball as more and more companies join the NextPlat initiative of new e-commerce profitability and success stories about the program emerge.
The Miami event announcing the new collaboration was attended by businesses, bankers, politicians, the public and key officials from Tmall Global as well as Alibaba Group president Michael Evans. Commenting on the partnership with NextPlat, 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.”
That’s what the NextPlat initiative intends to do: help U.S. companies easily access “the vast untapped potential of the Chinese consumer market.” Steeped in technology and built with vision and purpose to capitalize on high-growth sectors and global markets, NextPlat provides cutting edge technology in an advanced e-commerce ecosystem. The company is actively expanding its global network of online storefronts serving thousands of consumers, enterprises and governments across the globe.
The company has developed a next-generation platform built for Web3 that enables the use of a range of digital assets as well as the optimization of e-commerce transactions and business building activities. NextPlat currently operates an advanced 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 in more than 195 countries through multiple global storefronts.
Obviously, as American companies start expanding their e-commerce reach and profitability through this initiative, NextPlat stands to be a beneficiary as well. Success begets success, and anyone who believes that e-commerce is here to stay and destined to expand from current levels should keep NextPlat on their radar.
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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