🔔 The dashboard: Brazil’s benchmark stock index Ibovespa gained 1.29 percent this week. Meanwhile, the Brazilian real gained 0.32 percent against the U.S. dollar this week.
- Biggest gains: Vale (mining), +10.54 percent.
- Biggest drops: Mafrig (food), -10.46 percent.
Shopee takes action in Brazilian e-commerce slowdown
Asian e-commerce behemoth Shopee, one of the primary arms of Singapore’s Sea group, announced a 2-percent increase to its take rate in Brazil starting on September 1. Now, Shopee’s standard plan will charge sellers a 14-percent commission while premium account owners will have to pay transaction fees of 20 percent.
What else? For its top-seller...