About MercadoLibre, Inc. (MELI)

Company Description:

MercadoLibre, Inc. is a leading company in the internet retail sector, primarily engaged in offering e-commerce platforms that are integrated with a suite of fintech solutions. This Argentinian company operates through various segments, including MercadoLibre Marketplace, MercadoPago FinTech, MercadoLibre Classifieds, MercadoLibre Advertising, and MercadoShops.

Founded by Marcos Galperín in 1999, MercadoLibre has grown to become the most popular e-commerce site in Latin America, headquartered in Montevideo, Uruguay.

Main Product(s):

MercadoLibre's main offerings include its e-commerce platform, an online marketplace for buying and selling a wide variety of goods, and its digital payments service, MercadoPago, which facilitates transactions both on and off its marketplaces.

Short History of MercadoLibre, Inc:

• August 1999 – Founded by Marcos Galperín.
• 2001 – The company expanded operations to include Brazil, Mexico, and Uruguay.
• 2007 – MercadoLibre went public on the NASDAQ.
• 2010 – Launched MercadoPago, their digital payments platform.
• 2016 – Expanded mobile-centric strategy with a focus on enhancing user accessibility.
• 2021 – Acquired Kangu, a logistics platform, to strengthen delivery operations.