Sea Limited's E-Commerce Expansion Following MercadoLibre's Path

Sunday, 19 May 2024, 07:00

Sea Limited is strategically investing in its e-commerce platform, Shopee Express, to enhance delivery times and drive adoption, akin to MercadoLibre's growth trajectory. As SPX Express improves its logistics operations, Sea sees positive results with increased order volumes and reduced shipping expenses. By focusing on efficient shipping and boosting profitability, Sea Limited aims to replicate MercadoLibre's success in the e-commerce and fintech sectors.
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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.

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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.


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