Interesting to see how the market is repricing Mercado Libre due to intensifying competition in Brazil. Despite the margin concerns, MELI was still able to increase its market share in the country, as the GMV grew ~35% while Brazil's overall e-commerce market grew between 15% and 20%.
$MELI (MercadoLibre Inc) still leads Shopee — which is capturing lower-ticket product sales — by roughly 10 percentage points, with ~30% market share.
I think their execution and forward investments, focused on the bigger picture, bode well for the future, although the margin for error has decreased for now.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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