Sean ‘Diddy’ Combs’ lawyers appeal detention, seeking release from jail ahead of trial
Justice Department will launch civil rights review into 1921 Tulsa Race Massacre
Westlake carjacking, burglary ends in arrests of six suspects after police chase
Hurricane Helene hampers early voting efforts in North Carolina
Startling video shows Russian fighter jet flying within feet of US F-16 near Alaska
UN peacekeepers patrol southern Lebanon - what is their mandate?
Amgen must face lawsuit claiming it hid $10.7 billion tax bill
AI chip firm Cerebras files for US IPO
KB Home's longtime CFO Kaminski to retire in early 2025
'Crying Lions fan' pays it forward, gifting game tickets to young girl who lost a mother figure
'SNL' 50th season premiere gets more than 5M viewers, its best opener since 2020
LeBron James is feeling 'pure joy' as he begins Lakers training camp alongside son Bronny
SAO PAULO (Reuters) - Chinese e-commerce retailer Temu has been certified for a tax benefit program by Brazil's government that exempts goods up to $50 from import fees, according to the country's federal revenue office's website on Monday, bringing the company closer to expanding its business to Latin America's largest economy.
WHY IT’S IMPORTANT
Inclusion in Brazil's tax exemption program "Remessa Conforme" is an advantage most cross-border retailers have in the country. Local media have reported Temu has been preparing the groundwork to enter Brazilian markets for a few months, although little detail is known so far.
CONTEXT
Temu is a popular shopping app from China's Pinduoduo. Its rivals Shein, from China, and Shopee, owned by Singapore's Sea, are already huge online shopping platforms in Brazil.
THE RESPONSE
Temu did not immediately respond to a Reuters request for comment. Its Brazilian website address said on Monday that Temu's services should be available "soon" in the South American country.
(Reporting by Luana Maria Benedito and Patricia Villas Boas; Editing by Chizu Nomiyama)
