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    BTOW3   BRBTOWACNOR8

B2W - COMPANHIA DIGITAL

(BTOW3)
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AliExpress eyes 'live commerce,' financial products to expand Brazil sales

05/26/2021 | 06:21pm EDT

SAO PAULO, May 26 (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."

He added that AliExpress plans to start offering financial services in the country, adding to options it already offers like paying in installments without interest. In doing so, it is taking on a bevy of other local e-commerce players that have also started offering financial services, including MercadoLibre Inc, Magazine Luiza SA and B2W.

"Entering the finance ecosystem in Brazil is a matter of time," said the executive, declining, however, to say when this might happen. AliExpress, which works mostly with importers, is also preparing to register local sellers in its marketplace "soon," he said.

Finally, AliExpress is also seeking to improve logistical efficiency to reduce delivery times, Di said. He declined to comment on reports the company may be interested in buying Brazil's Correios postal service, which Brazil's government is eager to privatize.

(Reporting by Aluisio Alves in Sao Paulo Editing by Matthew Lewis)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -4.02% 205.43 Delayed Quote.-8.03%
B2W - COMPANHIA DIGITAL 4.15% 68 End-of-day quote.-10.06%
CTT-CORREIOS DE PORTUGAL, S.A. 3.26% 4.44 Real-time Quote.82.98%
EURO / BRAZILIAN REAL (EUR/BRL) 0.30% 6.1488 Delayed Quote.-3.57%
MAGAZINE LUIZA S.A. -0.47% 23.25 End-of-day quote.-6.81%
MERCADOLIBRE, INC. 1.11% 1608.955 Delayed Quote.-5.01%
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Financials
Sales 2021 13 483 M 2 583 M 2 583 M
Net income 2021 -17,9 M -3,43 M -3,43 M
Net cash 2021 2 487 M 476 M 476 M
P/E ratio 2021 -373x
Yield 2021 0,20%
Capitalization 51 718 M 9 997 M 9 907 M
EV / Sales 2021 3,65x
EV / Sales 2022 2,52x
Nbr of Employees 10 781
Free-Float 61,1%
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Managers and Directors
Márcio Cruz Meirelles President & Chief Executive Officer
Fabio da Silva Abrate Chief Financial & Investor Relations Officer
Carlos Eduardo Rosalba Padilha Co-Chief Operating Officer
Carlos Henrique de Lucca Fortes Gatto Co-Chief Operating Officer
Jean Pierre Lessa e Santos Ferreira Co-Chief Operating Officer
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