RIO DE JANEIRO, BRAZIL - Latin American e-commerce retailer Mercado Libre Inc. (MELI) increased revenue more than expected and gained market share in Brazil, even as Asian players strengthened their footprint in its largest market.
Mercado Libre posted fourth-quarter net revenue of US$2.1 billion, up 61% from a year earlier and slightly above analysts' estimate of US$2 billion, according to a statement on Tuesday, February 22. The company reported a gross merchandise . . .