Brazil

VivaReal gives free office space to start-ups at its HQ in São Paulo

Just a few weeks after VivaReal, a leading real estate classifieds platform operating in Brazil, told the AIM Group it has moved to a new office to support growth, the company announced another major step: it’s now offering free office space to promising tech startups. VivaReal’s new office is located in the Bela Cintra area, just a few blocks from the Paulista, the financial heart...

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Brazil looking to tax Airbnb, HomeAway like rentals

Looking at ways to increase tax collection, as Brazil performs a tough fiscal adjustment, which is aimed to help the nation’s struggling economy, a lot of attention has been paid to Airbnb, SegundoHogar and HomeAway-like services. Unlike what happens in several parts of the world, where Airbnb and other C-to-C services like Tripwell have been strictly regulated, Brazil was seen as...

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VivaReal moves to new office space to support growth

Brazil’s VivaReal, a leading real estate platform operating in Brazil, has moved to a new office in the city of Sao Paulo, the company’s CEO, Brian Requarth, told the AIM Group. According to the top executive, the new office is designed to accompany the company’s massive growth. “We also wanted to create a space that attracts the brightest minds in Brazil to contribute to...

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Mercado Libre profit rises in Q2

After seeing its net income plummet in Q1 to $1.7 million, mainly as a result of a strong devaluation that hit the Venezuelan bolivar, MercadoLibre (Nasdaq: MELI) seems to have recovered well from a difficult quarter by posting a $19.5 million net income in Q2. The Latin American ecommerce platform, which also has growing classifieds businesses across the region, was able to reverse a $25.6...

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Ecommerce sales booming in Latin America

Ecommerce sales are growing fast in Latin America and could reach nearly $50 billion in 2015, a 23.9 percent increase, according to a recent estimate by EMarketer. Out of this total, nearly $20 billion will come from Brazil, where companies like MercadoLibre dominate much of the local marketplace. Mexico ranks second, with a $5.70 billion share, while Argentinian ecommerce is expected to grow...

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Free ads, new listing fees at MercadoLibre in Brazil

MercadoLibre, a leading Latin American ecommerce platform with a growing classifieds business across the region, has announced a new fee structure for listings. According to the company, effective on September, there will be just three types of listings:   Free Classic No interest No cost 10 percent fee for sale 16 percent fee for sale Last for 60 daysAvailable if the seller has 5...

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