Mercado Libre

img Buenos Aires, Argentina
Industries

MercadoLibre, Inc., through its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, located at mercadolibre.com, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format.

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News

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eBay to disperse over US$220,000 to help Mexican SMEs

2 days ago

Contxto – eBay announced last week that it will use MXN$5 million (over US$220,000) to help small and medium-sized enterprises (SMEs) through its “Mi Negocio 24/7” platform. This initiative offers vendors a full-suite of tools and advice to help them launch and run an online business. Naturally, they can showcase their products through Mi Negocio, […]

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Mercado Libre’s stock grew to nearly double its value thanks to Covid-19

6 days ago

Contxto – On April 1, Mercado Libre stock was priced at US$447. Nearly two months later and on May 20, it’s nearly doubled to be valued at US$828. Its rapid growth illustrates the untapped potential for both e-commerce and the fintech industry in Latin America. Disclaimer: I am not a financial advisor, investor, broker, or […]

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Why Mercado Libre & Despegar are destined to opposite fates

2 weeks ago

Contxto – Like a classic romantic novel, Despegar and Mercado Libre seem to be destined to inversely correlated fates, at least for the time being. Travel is being hit mercilessly hard by global markets while e-commerce seems to be gaining traction even with previously unattended users.  Last week Mercado Libre and Despegar—both Argentine titans—released their […]

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Business owners inherit disaster, Kichink owes them over US$16,000, they claim

1 month ago

Contxto – Small business owners are migrating to e-commerce platforms to continue operating despite the coronavirus (Covid-19) outbreak. But what happens when the middleman in the marketplace doesn’t pay you what a customer bought?  According to hundreds of small business owners that use Mexican e-commerce Kichink’s platform, this is the reality they’re facing. For months […]

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SMEs in Brazil need a “lending hand,” in comes Mercado Libre US$114 million in hand

1 month ago

Contxto – News is buzzing about the insufficiency of government-funded credit and support packages for small business. And for some time now fintechs have been stepping in to offer additional loans or more favorable terms for these entrepreneurs. And in Brazil, e-commerce giant Mercado Libre is also joining the loaning game, specifically, through its financial […]

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A software school wants to hack Latam’s educational system

1 month ago

Contxto – Mexican startup, Dev.f, raised a pre-Series A round for US$1.4 million this month in a round led by Capital Invent. Thanks to these funds, the startup will expand the location of its software schools. According to a press release it currently has five in Mexico. But thanks to its investors, it will jump […]

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Mercado Crédito puts 2 million loans on hold—but there is a catch

2 months ago

Contxto – As humanity fights an invisible common enemy, society is starting to implement unprecedented initiatives to endure the virus’ side effects. Namely, economic troubles. Mercado Libre—Argentina’s e-commerce leviathan—is now kicking any users’ outstanding credit due dates down the line. All those consumer credits expiring in March will now be granted later repayment dates without […]

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Latin American startups versus Covid-19

2 months ago

Contxto – It’s official: as of last week we implemented home office at Contxto. Fortunately, we’ve worked from home every Thursday since we launched last year, so we already know how to operate seamlessly without having to be physically near each other. Not everyone will have the same luck though. For this reason, many Latin […]

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Corporate Venturing in Latam: more theater than actual stake

2 months ago

This week we had our Morning Coffee with Claudio Barahona, the Open Innovation Manager of Movistar Chile and leader in Wayra. Contxto – While practically everybody around the world is currently at home, working remotely as a precaution due to the coronavirus, we are amazed to realize how globalized everything actually is. A virus expands […]

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Mercado Libre to disperse US$420 million in Mexico, targets rival Amazon and fintechs

2 months ago

Contxto – In mid-February, e-commerce giant, Mercado Libre announced it would disperse R$4 billion (around US$920.5 million) in Brazil throughout 2020. Before the month was over it went on to announce its plans for Latin America’s second-largest market, Mexico, for which it anticipates dispersing US$420 million this year. That’s a 40 percent jump from the […]

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