Skip to main content

GigaCloud Technology Inc Announces Marketplace Initiative with Otto Group to Expand Assortment in Europe

Written by Customer Service on . Posted in Public Companies.

EL MONTE, Calif., March 20, 2026 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced a marketplace initiative with Otto Group, one of Europe’s largest ecommerce and retail enterprises.

As part of this initiative, GigaCloud will facilitate the introduction of select sellers, including leading furniture brands and suppliers, to Otto’s established European selling platform. The initiative is intended to broaden marketplace assortment while leveraging GigaCloud’s global supplier network and technology capabilities.

“This collaboration aligns with our channel-agnostic strategy and reinforces our role as a marketplace solutions provider, connecting global supply with established selling platforms,” said Iman Schrock, President of GigaCloud. “Our model enables suppliers to efficiently access demand through trusted local marketplaces.”

“We are pleased to work with GigaCloud to support the expansion of our marketplace assortment,” said Robert Schlichter, Vice President, Marketplace at Otto Group. “GigaCloud’s supplier network and infrastructure capabilities help enable structured access to high-quality products while maintaining the standards and customer experience expected on the Otto platform.”

About GigaCloud Technology Inc

GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, which it refers to as the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. The Company offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories such as home appliances and fitness equipment. For more information, please visit the Company’s website: https://investors.gigacloudtech.com/.

About Otto Group

The Otto Group is the largest online retailer with European origin, covering the entire value chain of commerce: from sourcing and procurement to logistics, marketing, services, and financial solutions. Over the past 75 years, the company has evolved from a catalog-based mail order business into an international digital retail and services group, consisting of numerous key companies, brands, and holdings in more than 30 countries, primarily in Germany, broader Europe, and North America. Leveraging its strength and market significance, the Otto Group is shaping the future of digital retail and services. The company shows that value-based action drives long-term business success, embracing social, digital, and ecological responsibility based on scientifically validated and ambitious targets.

For investor and media inquiries, please contact:

GigaCloud Technology Inc

Investor Relations

Email: ir@gigacloudtech.com

PondelWilkinson Inc.

Todd Kehrli (Investors) – tkehrli@pondel.com

Laurie Berman (Investors) – lberman@pondel.com

George Medici (Media) – gmedici@pondel.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.