Cainiao, the logistics arm of Alibaba, is traveling far from home to seek expansion for its business. The company recently launched its first parcel distribution center in Brazil, adding to its regional network of sorting centers in Mexico and Chile, it said Monday.
Alibaba’s e-commerce business in China has been hurt by a combination of a cooling economy and aggressive rivals like Pinduoduo. For the first time, the firm didn’t disclose the sales tally for its annual “Singles Day” shopping festival, which fell on November 11 and used to come with a Super Bowl-like gala featuring pop idols and Jack Ma himself.
Cainiao has been following AliExpress abroad, helping the Alibaba-owned cross-border marketplace deliver Chinese goods to consumers around the world. But it’s now ramping up domestic services in some countries, hoping to turn local retailers into its clients. Earlier thi …
