Retail in Asia

In Trends

China’s Alibaba eyes Latin American business

China’s Alibaba is interested in doing business in Latin America, particularly in Mexico, Brazil and Argentina, the e-commerce company said in Mexico City over the weekend.

Chinese consumers are eager to obtain Latin American products, especially fresh produce such as Mexico’s avocado, said Sherri Wu, head of Alibaba’s International E-commerce Business Development for the Americas.

The need for "exotic" foodstuff in China comes from a growing middle class, which are more interested in quality goods from abroad.
 

(Source: Shanghai Daily)