in the region a company source told reuters the company itself expects ecommerce growth in the region to spawn more delivery partnerships as happened in southeast asia sea executives told analysts on a call this month on the same call group chief corporate officer yanjun wang called brazil a good market for continued investmentlocal sellerscompetition in latin americas largest economy stepped up this month when shopees nearest rival in terms of product offering aliexpress opened up its marketplace to domestic sellers charging singledigit commission aliexpress had been in brazil for 11 years shopee did similarly after its first yearsmallbusiness owner luciana carvalho began selling plastic packaging products on shopee in february attracted by the free shipping and 6 commissioncompared with mercadolibres 17its easy to sign up calculate your commission get your delivery tags your receipts it makes us invest more in the platform she saidin a move toward profitability shopee has since raised commission to 18as much as twice marketplaces can charge in some southeast asian countries indicating latin americas potential profit margins carvalho continues to use shopee though she prefers mercadolibre for its unbeatable deliveryto further improve profitability goldman sachs analysts said that shopee could start selling higherticket items as it has in southeast asia momentum works li expects shopee to add financial services to its brazil app as it has in indonesia i wouldnt be surprised if they reached number one said li given what they have done in singapore indonesia and malaysia thailand reuters published on aug 30 2021 at 1217 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app ecommerce shopee shopee singapore shopee brazil online retail alibaba homenewssingapores shopee changes the game in brazils ecommerce sector