AliExpress eyes 'live commerce,' financial products to expand Brazil sales [Reuters]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Reuters
AliExpress eyes 'live commerce,' financial products to expand Brazil sales By Reuters Staff 2 Min Read 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 s
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MELI
News
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at UBS Group AG from $1,900.00 to $1,800.00. They now have a "buy" rating on the stock.MarketBeat
- MercadoLibre, Inc. (MELI) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance]Yahoo! Finance
- E-commerce firm MercadoLibre to increase staff by 30% in 2024 [Reuters]Reuters
- E-commerce firm MercadoLibre to increase staff by 30% in 2024 [Yahoo! Finance]Yahoo! Finance
- Why MercadoLibre (MELI) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- 2/14/24 - Form SC
- MELI's page on the SEC website