South American Real Estate News

MercadoLibre is the leading e-commerce and fintech company in Latin America.

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MercadoLibre is an Argentinian company, founded in 1999. It went public on August. 10, 2007, at an IPO price of $18.00/share.

From the marketplace MercadoLibre, the company expanded its business to multiple lines:

  • Mercado Envios is a shipping solution for the marketplace available in Brazil, Argentina, Mexico, Colombia, Chile and Uruguay. It integrates carriers and warehouse services with MercadoLibre’s proprietary technology decreasing shipping costs and optimizing efficiency.
  • Mercado Pago allows users to send and receive payments online and offline. It provides additional solutions to merchants and users (e.g., mPOS, QR payments, digital wallet, prepaid card, investments). It is available in Brazil, Argentina, Mexico, Colombia, Chile, Peru and Uruguay

In the marketplace additional services are available such as:

  • Advertising, which allows retails and brands to advertise their products on the marketplace.
  • Classifieds listings of items such as vehicles, vessels, aircraft real estate, and services outside the Marketplace platform. This line differs from the marketplace because it only charges optional placement fees.

MELI returned over 150% during the last year and it is currently valued at $82B. Even though that might scare many investors, the returns are justified by the huge upsides the business experienced from March 2020.

For more information on Mercadolibre’s business you can check out this post.

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Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone clients in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate marketing services. If you enjoy reading our news site please share it on your social media below.

Post available in: English

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