Alibaba's Cainiao opens LatAm headquarters in Brazil

BEIJING — Alibaba's logistics limb Cainiao announced Monday the opening of its Latin American office successful Sao Paulo, Brazil.

The enlargement comes arsenic China's retail maturation slows — Alibaba, for the archetypal time, didn't merchandise full income for its flagship Singles' Day buying festival that ended Friday. The company's planetary e-commerce level AliExpress precocious turned to South Korea and Brazil, successful summation to a years-long effort to propulsion into Europe.

Cainiao ships astir AliExpress orders from China to Brazil, the institution said, claiming it operates 8 charter flights a week betwixt the countries.

Low-cost drones and bluetooth headphones are among the astir fashionable products for section customers, the institution said.

The logistics business, which besides operates successful China, accounted for 6% of Alibaba's gross successful the 4th ended June 30.

Cainiao besides works with section merchants successful Brazil. The institution connected Monday officially opened a bundle sorting halfway successful the country, pursuing the motorboat successful October of sorting centers successful Mexico City and Santiago, Chile.

The institution claims its section explicit transportation web covers much than 1,000 cities successful Brazil, with one-day transportation to customers successful Sao Paulo and immoderate different cities.

Over the adjacent 3 years, Cainiao said it plans to acceptable up 1,000 much lockers successful 10 cities successful Brazil for bundle and nutrient delivery. The institution besides said it aims to motorboat 9 much organisation centers successful 7 states successful Brazil.

Cainiao said its enlargement volition besides assistance Brazilian businesses merchantability goods specified arsenic coffee, nuts and propolis — a wellness merchandise — to Chinese consumers via Alibaba's Tmall e-commerce platform.

Alibaba took bulk power of Cainiao successful 2017. The logistics limb inactive completes shipments and does concern with different companies — astir of Cainiao's gross comes from those 3rd parties, according to a fiscal disclosure.

In the 4th ended June 30, the logistics business' gross grew by 5% year-on-year to 12.14 cardinal yuan ($1.71 billion).

In contrast, Alibaba said gross from its planetary commerce retail concern that 4th fell by 3% year-on-year to $1.57 cardinal owed chiefly to challenges successful the European market. China commerce, the company's biggest concern by far, saw gross autumn by 2% to $20.45 billion.

Alibaba is acceptable to merchandise quarterly net connected Thursday.