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KUAISHOU-W Reportedly Makes Foray into Brazil E-commerce, Launching Kwai Shop
KUAISHOU-W (01024.HK)’s international edition Kwai officially announced the launch of its e-commerce platform Kwai Shop in Brazil, further extending its business footprint, C...
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KUAISHOU-W (01024.HK)  -2.000 (-3.846%)    Short selling $202.43M; Ratio 8.864%   ’s international edition Kwai officially announced the launch of its e-commerce platform Kwai Shop in Brazil, further extending its business footprint, Chinese media reported.

KUAISHOU-W has 60 million active users in Brazil, and has been mounting tests in Brazil since the end of last year, sources divulged. Kwai Shop is now officially facing the market.

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Kwai Shop has charted a 13x surge in daily purchase orders YTD, with electronic products, household goods and cosmetics becoming the best-sellers. In Brazil, 70% of small businesses have already used social networks such as Kwai to enhance their visibility.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-14 16:25.)

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