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- Chinese Tech Giants Have Big Ambitions in Brazil - The New . . .
Chinese e-commerce giants also see promise in Brazil as they seek new buyers for a flood of products after tariffs and other restrictions in the United States shut off their biggest export market
- A look at Temu, Shein, Meituan, and other Chinese companies . . .
Meaghan Tobin New York Times: A look at Temu, Shein, Meituan, and other Chinese companies' expansion plans in Brazil, as they face slowing domestic demand and hurdles in the US and Europe — Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names …
- Chinese tech giants chase expansion in Brazil amid global . . .
Chinese companies urgently need to find new markets Competition is intense at home, where the collapse of the real estate market has left consumers reluctant to spend And escalating trade tensions have made it more difficult and costly to sell things in the United States and Europe, long two of the largest destinations for Chinese exports
- Chinese Companies Set Their Sights on Brazil – DNyuz
Chinese e-commerce giants also see promise in Brazil as they seek new buyers for a flood of products after tariffs and other restrictions in the United States shut off their biggest export market Meituan, China’s largest food delivery company, said in May that it would spend $1 billion to set up operations in Brazil
- As Temu, Shein pivot to Europe, they again meet regulatory . . .
Temu and Shein are pivoting to Europe in face of U S tariffs But they may not get a warm welcome As Temu and Shein suffer from tariffs in the U S , the companies have been shifting focus to
- Shein and Temu cut U. S. ads, expand in Europe and Brazil . . .
Both brands are cutting back on advertising in the US in light of the new trade measures Temu’s ad spending on popular networks like Facebook, Instagram, TikTok, and YouTube fell by 31%, while Shein’s spending fell by 19%, according to Sensor Tower data
- Temu defies new Brazilian legislation with its market debut
The launch of Temu in Brazil coincided with the approval of new legislation by the Brazilian Senate, which imposes an additional 20% tax on cross-border e-commerce packages with a value of less than US$50, on top of the existing ICMS of 17%
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