News and Announcements
BPS Extends into China with $2m Distribution Agreement
- Published June 08, 2016 9:42AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
6th June 2016, ASX Announcement
Highlights:
BPS to facilitate the sale and distribution of Morlife Australian functional foods in China
BPS to earn a merchant transaction and marketing fee on all goods sold
Leading financial technology platform provider BPS Technology Limited (ASX: BPS, “the Company”) is pleased to announce it has executed a Merchant Agreement to facilitate the selling and distribution of Morlife health products into China’s market on Alibaba’s 1688.com, via its Master Merchant Agreement with SmartTrans Holdings Limited (ASX: SMA).
Morlife, Australia’s leading innovator in functional foods, is the first of BPS’ merchants to sell through Alibaba’s sales channel via the landmark agreement BPS announced on 18 May 2016. The company is planning further arrangements for more BPS merchants to take advantage of this new sales channel, initially in the Health and Superfoods, Property, Travel and Education categories.
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