founded in 1999 and headquartered in buenos aires, argentina, mercadolibre is latin america’s leading e-commerce technology company. through its primary platforms, mercadolibre.com and mercadopago.com, it provides solutions to individuals and companies buying, selling, advertising, and paying for goods online. mercadolibre.com serves millions of users and creates a market for a wide variety of goods and services in an easy, safe and efficient way. the site is among the top 50 in the world in terms of page views and is the leading retail platform in unique visitors in each country in which it operates according to metrics provided by comscore networks. mercadolibre maintains a leadership position in 13 latin american countries. the company listed on nasdaq (nasdaq: meli) following its initial public offering in 2007.
It’s been an earnings season from hell for eCommerce companies, as global supply chain issues, Chinese lockdowns, the war in Ukraine, and unbeatable year over year comparisons are hitting them hard.
Latin America is one of the fastest growing regions in the world and if we include South America, accounts for a total addressable market of over 1 billion people.
ith planned expansion and infrastructure development for other markets such as Chile and Colombia, Mercado Libre should be able to fend off Amazon, at least in the near future, as it continues to develop other arms of revenue like Mercado Pago to offset its dependence on its Mercado MarketPlace platform.