- iFresh Inc IFMK has entered into a Master Product Supply Agreement with Alibaba.com Singapore E-Commerce Private Limited (Tmall Global). The financial terms of the arrangement remain undisclosed.
- The agreement establishes a cross-border trade partnership, enabling iFresh to sell American food and products to China through Tmall Global's cross-border e-commerce platform.
- Under the agreement terms, iFresh will bring fresh American food and products to Tmall Global, including infant formula, dried fruit, coffee, and other snacks.
- Price Action: IFMK shares are trading higher by 38.2% at $1.19 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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