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Locaweb acquires Bagy, a company assisting the creation of virtual stores in Brazil

RIO DE JANEIRO, BRAZIL - Locaweb has announced another acquisition. The company bought Bagy, an e-commerce platform focused on social commerce which allows people to create virtual stores, connect them to their social networks and other marketplaces and start selling.

The platform boasts 13,500 active users and targets small and medium-sized businesses, online influencers and individuals to have a retail presence.

"For some time I have been following the power of social commerce as a driver of online sales, particularly in China, which is more established in this market. Now, I am very proud to announce the acquisition . . .

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