MercadoLibre - having a good crisis
by Canning House Associate Fellow Andrew Thompson
Every week, Andrew Thompson draws on his great wealth of knowledge and experience of Latin America to bring our audience in-depth insights on economics, political risk, and business in the region.
This week, he examines the positive effects of the Covid-19 pandemic on the e-commerce platform MercadoLibre, and considers what they imply for Latin America's business environment going forward.
These stories are also available on Andrew’s blog site:
Twenty-year old e-commerce platform MercadoLibre, first launched in Argentina but now operating in 18 Latin American countries has been booming during the coronavirus crisis, with second quarter revenues surging 61% to US$878.4mn while net income rose to US$55.9mn.
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Missed the previous edition?
Duque reaches the halfway mark
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