NXPL - NextPlat stock soars ~35% after hours on merchant sourcing deal with Alibaba
2023-04-21 16:39:50 ET
- NextPlat ( NASDAQ: NXPL ) on Friday said it had entered into a merchant sourcing agreement with Alibaba ( BABA ), sending its shares up 34.6% to $3.50 after hours.
- "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," NXPL said in a statement .
- The agreement will also provide those customers a turn-key solution through which products can be sold to the Chinese consumer market.
- Additionally, NXPL said it would formally announce the launch of its Florida e-commerce development program on April 24.
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NextPlat stock soars ~35% after hours on merchant sourcing deal with Alibaba