iFresh Shares Jump On Supply Agreement With Tmall Global

by Shivani Kumaresan, Benzinga Staff Writer

November 10, 2021 1:04 PM | 1 min read | Make a Comment

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.

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