EL MONTE, Calif., March  20, 2026  (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) (&#34;GigaCloud&#34; or the &#34;Company&#34;), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise,

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

GigaCloud Expands European Market Reach Through Otto Group Partnership

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  <section data-block="information">
    <h3>Information</h3>
    <p>EL MONTE, Calif., March  20, 2026  (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) (&amp;#34;GigaCloud&amp;#34; or the &amp;#34;Company&amp;#34;), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise,</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>GigaCloud Technology has partnered with Otto Group to enhance its European marketplace offerings, introducing top furniture brands. This strategic collaboration could substantially boost GigaCloud&#039;s market presence and drive revenue growth in international segments.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GigaCloud partners with Otto Group to expand European marketplace.</li><li>Collaboration focuses on introducing leading furniture brands to Otto&#039;s platform.</li><li>GigaCloud&#039;s technology enhances supplier access to demand in regional markets.</li><li>Initiative aims to broaden product assortment for European consumers.</li><li>GigaCloud reaffirms its role as a key marketplace solutions provider.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>GigaCloud Technology Inc (GCT)</strong>: Positioned for growth in European markets through collaboration.</li><li><strong>Otto Group (N/A)</strong>: Strategic partner enhancing GCT&#039;s market access in Europe.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits within &#039;Corporate Developments&#039; as it highlights a significant strategic partnership that can enhance GigaCloud&#039;s market positioning and revenue streams.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Increased sales potential in Europe due to partnership with Otto Group.</li><li>Market response may reflect investor sentiment on GigaCloud&#039;s growth strategy.</li><li>Expansion of product assortment could lead to improved revenue forecasts.</li><li>Partnership may enhance supplier relationships, leading to better supply chain efficiencies.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>GigaCloud is a B2B ecommerce technology solutions provider.</li><li>The Otto Group is Europe’s largest ecommerce and retail enterprise.</li><li>The partnership introduces leading furniture brands to Otto&#039;s platform.</li><li>GigaCloud&#039;s marketplace was launched in January 2019.</li><li>GigaCloud&#039;s services support cross-border transactions across various categories.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>GCT is a buy with potential upside following the Otto partnership; target in 6-12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>EL MONTE, Calif., March  20, 2026  (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GCT">GCT</a>) ("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.</p>  <p>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.</p>  <p>"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."</p>  <p>"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."</p>  <p><strong>About GigaCloud Technology Inc</strong></p>  <p>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: <a href="https://investors.gigacloudtech.com/" title="https://investors.gigacloudtech.com/">https://investors.gigacloudtech.com/</a>.</p>  <p><strong>About Otto Group</strong></p>  <p>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.</p>  <p><strong>For investor and media inquiries, please contact:</strong></p>  <p><strong>GigaCloud Technology Inc</strong></p>  <p>Investor Relations</p>  <p>Email: <a href="mailto:ir@gigacloudtech.com">ir@gigacloudtech.com</a></p>  <p><strong>PondelWilkinson Inc.</strong></p>  <p>Todd Kehrli (Investors) – <a href="mailto:tkehrli@pondel.com">tkehrli@pondel.com</a></p>  <p>Laurie Berman (Investors) – <a href="mailto:lberman@pondel.com">lberman@pondel.com</a></p>  <p>George Medici (Media) – <a href="mailto:gmedici@pondel.com">gmedici@pondel.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3NTc1OSM3NDk1NzI0IzIyNDk5MDg="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MzllNDU5YjYtYWJjYy00ODA0LWIyNjItMDc3NDcwNGY0ZWI2LTEyNjE0NjEtMjAyNi0wMy0yMC1lbg==/tiny/GigaCloud-Technology.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/04713bca-038c-4873-b85e-9bcf23e73e9c"><img src="https://ml.globenewswire.com/media/04713bca-038c-4873-b85e-9bcf23e73e9c/small/gigacloud-technology-copy-png.png" border="0" width="150" height="37" alt="Primary Logo"></img></a></p>

GigaCloud Technology has partnered with Otto Group to enhance its European marketplace offerings, introducing top furniture brands. This strategic collaboration could substantially boost GigaCloud's market presence and drive revenue growth in international segments.

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

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