> Buy now, pay later: Latin America pressured by Chinese online shops / 36M99ZB
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Buy now, pay later: Latin America pressured by Chinese online shops / 36M99ZB
Clip ID 2258505
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Description
Isidora Olave opens a package containing a T-shirt, a skirt and a handful of glitter stickers shipped to her front door in Santiago, Chile, all the way from China almost 20,000 kilometers (11,800 miles) away.
Like many of her peers, the 20-year-old dentistry student says she no longer has use for malls.
Instead, she shops cheaply and conveniently for "ultra-fast fashion" on Chinese platforms such as Shein, Temu and AliExpress that also offer everything from household products to stationery.
According to data platform Statista, Latin Americans spent some $122 billion on online purchases in 2022, a figure expected to rise to $200 billion by 2026. IMAGES AND SOUNDBITES