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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.

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China Tech Giants Spend Billions to Fuel Growth After Crackdown

(Bloomberg) Beijing’s crackdown on its tech giants is fueling a noticeable phenomenon: it’s opened the spending floodgates.China’s largest internet corporations are digging deep into their pockets to open up new avenues of growth as Beijing curtails their most lucrative businesses from fintech to e-commerce. Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan have all warned investors in recent weeks they’re prepared to open their coffers to expand in areas such as cloud computing, autonomous driving and artificial intelligence. The coming deluge promises to transform the internet landscape by funneling capital into fundamental technology and infrastructure not coincidentally priority areas for the Communist Party.Of the three, Beijing-based Meituan was the earliest to throw caution to the wind and also the one most accustomed to sacrificing profits. The food delivery giant sank into the red in the December quarter and warned of further losses,

AliExpress projects growth in Brazil with online sales and financial products

Chinese giant Alibaba Group Holding Ltd's global e-commerce platform AliExpress plans to increase its sales in Brazil by offering "live sales," financial services and registering local sellers on its marketplace, its Brazilian head announced on Wednesday.

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.”

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