Alibaba, China's largest e-commerce business, will team up with Brazil’s postal services company, Correios, as its logistics partner for products being sold through their websites.

The partnership will introduce Alibaba’s services to Brazilian businesses, expanding their market reach. On the other hand, the Brazilian government sees it as an opportunity to gain improved access to China’s huge market.

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Alibaba runs Taobao, Tmall, and Alibaba.com and keeps on expanding its reach to attract more merchants in China and abroad.

Alibaba has been very active in growing its e-commerce platform over the past few months in recent agreements with Australia, France, Italy and Singapore to name a few.

It also announced a deal to buy a minority stake in Singapore Post, the country’s main postal service. Also, the company has finalized a deal with the French government.

In June, the Chinese e-commerce giant reached the same agreement with the Italian government. This arrangement will make it easier for Italian businesses to sell their products through Tmall.

Alibaba is active in promoting their businesses to the overseas consumer market while preparing for its valuation in New York, which could become one of the biggest initial offerings in history.

According to sources, the company decided to push back its initial public offering until after the Labor Day holiday on September 1.

TagsCorreios, postal service company