Will MercadoLibre Become Latin America's Amazon?
In this video, I'll be talking about the Latin American stock MercadoLibre (NASDAQ: MELI) and why I believe this is a must-have in your long-term portfolio. You can find the video below.
The $85 billion Latin American e-commerce opportunity has only penetrated at 6% of retail, compared to 18% globally. Brazil has less than 1% penetration in relation to worldwide retail e-commerce, and yet according to eMarketer, it made the list of "Top 10 Countries Ranked by Retail E-commerce Sales." Brazil ranks second in sales growth in 2021, and Argentina ranks fourth. It's still in its early days, but competition and economic and political risk should be kept in mind.
Just like Sea Limited, MercadoLibre also has a couple of business segments including:
Source Fool.com
