The Alibaba deal, which could fetch more than US$22 billion, should add firepower to the listing of Cnova, Casino's platform with over $4 billion in annual sales in France, Brazil, Colombia, Thailand and Vietnam, just as major rivals expand their global reach. Alibaba's IPO is expected to price on Sept. 18.
Amazon arrived in Brazil earlier this year with its Kindle e-reader, and eBay Inc is launching a site in Portuguese this week for Brazilian consumers.- Reuters
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