Sea Limited's E-Commerce Expansion Following MercadoLibre's Path
Sea Limited's E-Commerce Expansion Following MercadoLibre's Path
Reducing delivery times can help drive adoption. For those who have been holding shares of Latin American e-commerce and fintech business MercadoLibre (NASDAQ: MELI) over the last five years: Congratulations, it's been an enriching ride. The stock is up roughly 200% during that time as its business has boomed.
MercadoLibre stock is up because the business has grown substantially.
In the first quarter of 2019, the company's e-commerce platform had 18.8 million active buyers and merchandise volume of $3 billion. Five years later in the first quarter of 2024, it had 53 million active buyers and merchandise volume of over $11 billion.
...This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.