Magazine Luiza and AliExpress Forge Path in Global E-Commerce
On June 24, 2024, Magazine Luiza’s shares on the São Paulo Stock Exchange spiked to R$12.21, marking a 12.85% rise. By mid-morning, the stock price was up 11.73% at R$12.10. This increase followed the announcement of a partnership with AliExpress, a unit of China’s Alibaba. This collaboration signifies a strategic entry into global e-commerce for […]