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PDD251219C00210000

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  • Simply Wall St.

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  • Zacks

    Bull of the Day: PDD Holdings Inc. (PDD)

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  • Reuters SG

    UPDATE 3-Shares of Brazil's Magalu soar on AliExpress sales partnership

    Brazilian retailer Magazine Luiza has struck a deal with Chinese e-commerce platform AliExpress to allow the two companies to sell products on each other's platforms, it said on Monday, sending its shares soaring. AliExpress will sell products from Choice, its premium service, on Magazine Luiza's marketplace, while Magalu - as the retailer is also known - will sell products from its own stocks on the Chinese firm's platform in Brazil. Shares of Magazine Luiza rose more than 13% on the news, while Brazil's Bovespa stock index gained 1%.