Temasek Holdings, an investment company owned by the government of Singapore, has bought a stake at Brazilian online shoe and apparel shop Netshoes for R$135 million. The investment can help the company grow even further in the Brazilian retail market. In 2011, the company booked R$ 600 million in sales and for 2012, it estimates revenues at R$ 1 billion. The number of employees also increased significantly from 250 on January 2010 to over 1600 now.

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