NextPlat Corp (NXPL) announced that its exclusive OPKO Health (OPK)-branded storefront on Alibaba Group’s (BABA) Tmall Global in China has received all required approvals and is scheduled to officially launch on March 1st. Under terms of the exclusive joint e-commerce development agreement with OPKO Health Europe, NextPlat is officially launching the OPKO Health-branded online storefront on Alibaba’s Tmall Global e-commerce platform in China. The new online storefront initially lists health and wellness products featuring an assortment of nutraceuticals for bone, joint and eye health as well as supplements for nutrition and immunity and defense, the sales of which will create a new international e-commerce revenue stream for the Company. NextPlat intends to significantly expand the OPKO online storefront with a wide array of veterinary and animal health products early in the second quarter of 2024 subject to receipt of the final government approvals. All in-country sales and marketing support for the OPKO Health Tmall Global e-commerce site is being provided by a local online specialist, a Tmall Global-preferred merchant partner. The sales of OPKO products in China will be managed through NextPlat and will be made available to purchase for Chinese consumers through Tmall Global. Tmall Global is China’s leading import e-commerce platform where consumers can access over 46,000 international brands.
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