SmartTrans Holdings Ltd
(ASX:SMA) has extended its product range by entering an agreement to sell Blooms Health Products through its online portals in China.
Blooms has been in the business of selling vitamins, minerals and health care products in Australia since 1947.
SmartTrans says it is looking to expand its online reach, following the success of Blackmores and Swisse sales in China. By adding Blooms to its online product range, SmartTrans will be able to earn additional revenue streams via service fees and commissions on product sales.
The company says the healthcare market in China is worth around $US17 billion per annum and has doubled in the past decade. It also says the growing e-commerce sector in China is estimated to be worth over $US1 trillion by 2020.
SmartTrans reported a net loss of $645,000 at 31 December 2015.
