Alibaba's Cainiao opens LatAm headquarters in Brazil
Alibaba's logistics arm Cainiao has installed lockers in Brazil for local customers to retrieve packages. Cainiao BEIJING — Alibaba' s logistics arm Cainiao announced Monday the opening of its Latin American head quarter s in Sao Paulo, Brazil. The expansion comes as China's retail growth slows — Alibaba, for the first time, didn't release total sales for its flagship Singles' Day shopping festival that ended Friday. The company's international e-commerce platform AliExpress recently turned to South Korea and Brazil, in addition to a years-long attempt to push into Europe. Cainiao ships most AliExpress orders from China to Brazil, the company said, claiming it operates eight charter flights a week between the countries. Low-cost drones and bluetooth headphones are among the most popular products for local customers, the company said. The logistics business, which also operates in China, accounted for 6% of Alibaba's revenue in the quarter ended June 3...