Sorry, Bezos, Brazil Already Has An Amazon. It's MercadoLibre

Sorry, Bezos, Brazil Already Has An Amazon. It's MercadoLibre

Leveraging Buyer Service for gross sales: The MercadoLibre + Freshdesk use case. Immersed within the tradition of Silicon Valley, Marcos and Hernan developed a ardour for the internet whereas attending enterprise college. Both entrepreneurial by nature, the pair determined to group up to discovered an eBay-model site in Argentina. In May 1999, Marcos obtained financing for the project, and together they launched (NASDAQ: MELI), emphasizing local content and regional finest practices to outperform its nine rivals in the market. Immediately, MercadoLibre is the leading on-line marketplace for Spanish audio system.
Based in Relógios masculinos , MercadoLibre is the most important online commerce ecosystem in Latin America, serving as an integrated regional platform and as a supplier of the mandatory online and expertise- based mostly tools that permit businesses and people to commerce services within the area. The Company allows commerce by its marketplace platform (including online classifieds for motor autos, vessels, aircraft, companies and real estate), which allows customers to purchase and sell in most of Latin America.
By way of its investments in FinTech, logistics, and customer experience, MercadoLibre is solidifying its main market position in e-commerce and digital funds across Latin America, and we consider we are witnessing a serious tipping point within the area,” said Marc Stad, Founder and Managing Associate of Dragoneer Funding Group, We have recognized Marcos and his crew for over a decade and are thrilled to associate with them through this high development and transformative interval.” During 2018, MercadoLibre sold greater than 334 million items, amounting to over US$12 billion of gross merchandise volume (GMV). Fee transactions on MercadoPago, its payments business unit, elevated by 70% throughout 2018, totaling 389 million transactions and US$18 billion of total payment quantity (TPV).
MercadoLibre hosts the largest on-line commerce and payments ecosystem in Latin America. Our efforts are centered on enabling e-commerce and digital and mobile payments on behalf of our clients by delivering a collection of technology options throughout the entire value chain of commerce. We are present in 18 international locations together with: Argentina, Brazil, Mexico, Colombia, Chile, Venezuela and Peru. Based mostly on unique visitors and page views we're market leaders in each of the main nations where we are present.
Expanding enterprise to neighboring international locations is the thought that enters the minds of many sellers but doable problems stop them from pursuing it. In case you are enthusiastic about cross-border commerce in the LATAM region, MercadoLibre is what it is best to think about using. It is a large marketplace and the number one e-commerce web site in Latin America.

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