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KUAISHOU-W Reportedly Makes Foray into Brazil E-commerce, Launching Kwai Shop
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KUAISHOU-W (01024.HK)’s international edition Kwai officially announced the launch of its e-commerce platform Kwai Shop in Brazil, further extending its business footprint, Chinese media reported. KUAISHOU-W has 60 million active users in Brazil, and has been mounting tests in Brazil since the end of last year, sources divulged. Kwai Shop is now officially facing the market. Kwai Shop has charted a 13x surge in daily purchase orders YTD, with electronic products, household goods and cosmetics becoming the best-sellers. In Brazil, 70% of small businesses have already used social networks such as Kwai to enhance their visibility. AAStocks Financial News |
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