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AliExpress eyes live commerce, financial products to expand Brazil sales

AliExpress, the global e-commerce platform of Chinese giant Alibaba Group Holding Ltd, aims to increase its Brazil sales by offering "live commerce," financial services and registering local sellers in its marketplace, its Brazilian head told Reuters on Wednesday. With Brazil sales growth of around 130% in 2020, the shopping portal wants to use these initiatives to deepen its links with customers in Brazil, which has become one of the five largest AliExpress markets in sales in the world, Yan Di said.

AliExpress eyes live commerce, financial products to expand Brazil sales | WSAU News/Talk 550 AM · 99 9 FM

By Syndicated Content May 26, 2021 | 5:35 PM SAO PAULO (Reuters) – AliExpress, the global e-commerce platform of Chinese giant Alibaba Group Holding Ltd, aims to increase its Brazil sales by offering “live commerce,” financial services and registering local sellers in its marketplace, its Brazilian head told Reuters on Wednesday. With Brazil sales growth of around 130% in 2020, the shopping portal wants to use these initiatives to deepen its links with customers in Brazil, which has become one of the five largest AliExpress markets in sales in the world, Yan Di said. He said the company plans to invest more in live commerce, referring to a model that involves online entertainment as a tool for generating customer engagement and driving sales. In recent months, it has increased investments in marketing in reality TV shows with a large audience in Brazil, such as “Big Brother Brasil.”

In search of innovation, large Brazilian companies set record in startup acquisitions

RIO DE JANEIRO, BRAZIL - The speed of digital transformations, spurred by the Covid-19 pandemic, has produced a culture of urgency within companies in search of innovation. In order not to fall behind and not lose ground to the competition, many of them, such as Magazine Luiza, Via, B2W and Alpargatas, have been shopping around looking for solutions to everyday problems. The preference has been for startups, new companies with more agility in product development and qualified labor. In the first 4 months of this year alone, the number of startup acquisitions grew 120% - a record for the segment. There . . .

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