- Else Nutrition Holdings Inc BABY BABYF has inked an agreement with Baozun Inc BZUN, an e-commerce solutions provider in China, and expects to start selling Else products in China in Q3.
- Else Nutrition noted China's infant formula market is projected to grow at a CAGR of 8%.
- Through Baozun's e-commerce, end-to-end solutions, Else Nutrition would have direct access to retail buyers in China through a wide range of online shopping platforms.
- With the recent distribution agreement signing, Else expects to start operating on China's cross-border e-commerce platforms as early as August 2022.
- Price Action: BABY shares are trading higher by 1.59% at C$1.28 on TSX and BZUN higher by 0.39% at $10.39 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
