Latin America gripped by ‘buy now, pay later’ trend as Chinese online giants like Shein and Temu boom

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SANTIAGO, Nov 14 — Isidora Olave opens a package containing a T-shirt, a skirt and a handful of glitter stickers shipped...

The number of parcels received grew by about 1,000 per cent in five years, said Santiago customs head Maria Jose Rodriguez.

According to data platform Statista, Latin Americans spent some US$122 billion on online purchases in 2022, a figure expected to rise to US$200 billion by 2026.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBrazilChileChinaMexicoPeruUnited StatesUruguay

Topics: Temu SHEIN Apec summit China Latin america Online shopping

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 21:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 624 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 23586988

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About Malay Mail

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Year Established: 1896

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