š The dashboard: Brazilās 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.
Asian e-commerce behemoth Shopee, one of the primary arms of Singaporeās Sea group, announced a 2-percent increase to its take rate in Brazil starting on September 1. Now, Shopeeās 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 program, under which certain merchants appear first in a given product search, the company introduced a new penalty, mandating that the rate of non-shipment of products be maintained below 2 percent.
Why it matters. Since Shopee arrived in Brazil in 2019, it has been growing in the local market. According to estimates by Goldman...
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…
With the rise of betting in Brazil, match-fixing is in the spotlight. But debates are…
Eduardo Leite, governor of the southern Brazilian state of Rio Grande do Sul, on Wednesday…
Once critical of high public spending, the Senate president and opposition have backed measures such…
Other finalists include the Harvard Business Review, Fortune, CondƩ Nast, and the NFL