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China-based Ecommerce provider eCargo Holdings Limited (ASX:ECG) has announced new high profile merchant contracts setting the company on track to meet key milestones for the 2015 calendar year.
The company wants to add 30 key merchants to its stable of international and local retailers seeking to sell products online in China, Australia and around the world.
The new contracts include Sass & Bide, The Warehouse Group and Invicta Watch Group. The gross market value of China online shopping has grown 49 per cent in the past year.
eCargo has been operating for just eight months and produced a net loss of $5.8 million for the six months to end December 2014.
