Business

Alibaba’s logistics arm Cainiao opens LatAm headquarters in Brazil

Alibaba’s logistics arm Cainiao opens LatAm headquarters in Brazil

 

Alibaba’s logistics arm Cainiao reported Monday the opening of its Latin American headquarters in Sao Paulo, Brazil.

The extension comes as China’s retail development eases back — Alibaba, for the first time, didn’t release total sales for its flagship Singles’ Day shopping festival that finished Friday. The organization’s international e-commerce platform AliExpress recently gone to South Korea and Brazil, notwithstanding a years-in length attempt to push into Europe.

Cainiao ships most AliExpress orders from China to Brazil, the organization said, claiming it works eight charter flights a week between the nations.

Low-cost drones and bluetooth earphones are among the most popular products for local clients, the organization said.

The logistics business, which additionally works in China, represented 6% of Alibaba’s revenue in the quarter finished June 30.

Cainiao additionally works with local merchants in Brazil. The organization on Monday officially opened a package sorting center in the nation, following the launch in October of sorting centers in Mexico City and Santiago, Chile.

The organization claims its local express delivery network covers in excess of 1,000 cities in Brazil, with one-day delivery to clients in Sao Paulo and a few different cities.

Alibaba is set to release quarterly earnings on Thursday.

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