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Mercado Libre Surges with Stellar Q1 Earnings
Mercado Libre's net profit soared to $344 million in the first quarter of 2024, marking a 71% jump.
This financial feat significantly outpaced analyst projections,...
Mercado Libre Channels Major Investment into São Paulo’s Economy
In 2024, Mercado Libre will inject R$ 8 billion ($1.57 billion) into São Paulo, representing 35% of its R$23 billion ($4.51 billion) Brazil-wide investment.
This...
Mercado Libre’s $4 Billion Brazilian Bet, Creating 6,500 Jobs
Mercado Libre, the titan of Latin American digital commerce, has unveiled a bold initiative to strengthen its Brazilian segment.
With an impressive investment of 19...
Argentina Clashes with Mercado Libre on Banking Rules
Argentina's Central Bank's new rule has reignited tensions with homegrown Latin American e-commerce giant Mercado Libre.
The bank aimed to replace an instant debit feature...
Mercado Libre’s Sean Summers, sees significant potential for further growth in e-commerce and Mercado Pago
Despite a challenging economic environment characterized by high-interest rates, slowed consumption, and competition from Asian markets, Latin American e-commerce giant Mercado Livre (MELI) continues...
Mercado Libre should have a strong 4th quarter to take advantage of the market left by Americanas in Brazil
Mercado Libre should deliver a fourth quarter with strong execution in both the commerce and fintech areas, assesses Goldman Sachs in a report.
The bank...
Mercado Libre files complaints against Apple
E-commerce giant Mercado Libre has filed complaints against Apple over anti-competitive practices with antitrust authorities in Brazil and Mexico.
The US-based company is accused of...
Mercado Libre launches its own cryptocurrency in Brazil: MercadoCoin
Latin American e-commerce giant Mercado Libre is launching its cryptocurrency in the Brazilian market.
The Buenos Aires-based company announced at a press conference Thursday the...
“Mercado Libre” integrates bitcoin and ether trading across Latin America
Argentine e-commerce giant Mercado Libre will offer its bitcoin (BTC) and ether (ETH) trading services across Latin America. Having already served more than one...
Consumption of sustainable products doubles in Latin America, says Mercado Libre
Online consumption of products with a positive impact on the environment, such as energy savings, for example, has doubled in countries like Brazil, Argentina,...
Brazil: In partnership with GOL, Mercado Libre will operate up to 12 aircraft exclusively for shipping
RIO DE JANEIRO, BRAZIL - Mercado Libre CEO Marcos Galperin announced today that the company has entered into a 10-year agreement with airline GOL...
Mercado Libre beats revenue estimates and gains market share in Brazil
RIO DE JANEIRO, BRAZIL - Latin American e-commerce retailer Mercado Libre Inc. (MELI) increased revenue more than expected and gained market share in Brazil,...
Mercado Libre to launch from Brazil its own cryptocurrency for Latin America
RIO DE JANEIRO, BRAZIL - Argentina's Mercado Libre, the company with the highest market valuation in Latin America, is working on the development of...
Mercado Libre buys stake in Mercado Bitcoin and Paxos
RIO DE JANEIRO, BRAZIL - Mercado Libre on Thursday announced it has bought a stake in 2TM, parent company of Mercado Bitcoin, and blockchain...