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AliExpress, one of the "Four Little Dragons of Going Global," has made new progress overseas. According to CNN, AliExpress has formed a partnership with Brazilian retail giant Magalu, enabling AliExpress's cross-border products to be sold simultaneously on Magalu's platform, while Magalu will also open a store on AliExpress to sell local products.
After announcing its partnership with AliExpress, Magalu's share price soared by over 12%,
This signifies that Chinese cross-border merchants on AliExpress will gain access to an additional sales channel with over one million active users. With the support of Magalu's local supply, the product categories on AliExpress will become even more diverse, attracting even more consumers.TOP
