SHEIN, a cross-border fast fashion platform based in China, is piloting a model similar to Taobao in Brazil, whereby merchants set up stores directly on the site and are responsible for their own operations and logistics.
Shenzhen-based automaker BYD announced on October 26 that it has opened its first store in Brazil's capital city, co-built with leading domestic auto dealer Saga. Up to now, BYD has established 10 dealerships in Brazil and has obtained franchise rights in 31 of its major cities.
ByteDance's TikTok has set a goal to reach 1.05 billion daily active users (DAUs) globally by the end of 2022. The popular short video platform currently has more than 800 million DAUs.
Global crypto exchange Binance has halted direct deposits and withdrawals in Brazilian reals via the payment system Pix after it terminated the partnership with the local payment gateway Capitual.
According to a record sheet of investor relations disclosed by Chinese automaker BYD on May 27, the firm will aim to further enhance its popularity in Brazil's passenger car market with the introduction of its Han EV series.
Great Wall Motor has purchased a factory in Brazil from Daimler AG for an undisclosed price, the company announced on Wednesday.
Chinese automobile manufacturer Great Wall Motors is reportedly planning to shift portions of its $1 billion investment in India to Brazil, according to three sources cited by Reuters in a recent report.
China’s second-largest short video app Kuaishou is investing extensively in Brazil and Southeast Asia to expand its overseas market, aiming to increase its share amid competition with TikTok.
Following US sanctions against Huawei in September and the recent UK bans against installation of Huawei equipment in the country’s 5G network development
99, a Brazilian ride-sharing platform a subsidiary of Didi Chuxing (“DiDi”), today celebrated reaching 1 billion trips completed on its platform.
TCL Corp, a Chinese electronics company, has released a line of new products in Brazil as the company continues their global expansion.
Didi announced it purchased 99, Brazil’s largest ride-sharing company.