Mercado Libre | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Founded in 1999 and headquartered in Buenos Aires, Argentina, Mercado Libre is Latin America’s leading e-commerce technology company....


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Founded in 1999 and headquartered in Buenos Aires, Argentina, Mercado Libre is Latin America’s leading e-commerce technology company. Through its primary platforms, MercadoLibre.com and MercadoPago.com, it provides solutions for individuals and companies to buy, sell, advertise, and pay for goods online. The company serves millions of users across 18 Latin American countries and maintains a leadership position in the region's e-commerce market.

Website
Size
10,001+ employees
Industry
Internet Publishing
Specialities
internet, e-commerce, publicidad online, pagos online, marketing online, fintech, logística, envíos

🛍️ Mercado Libre Product and Pricing News →

👔 Mercado Libre CEO, Management and Leadership Team →

⚔️ Mercado Libre Alternatives and Competitors →

💼 Mercado Libre Hiring and Layoffs →

🤖 Mercado Libre Developer, Integration and Automation News →

📈 Mercado Libre Financials, Fundraising and Valuation News →

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🛍️ Mercado Libre Product and Pricing News

  • Mercado Libre has changed its free shipping policy, now requiring a Meli+ subscription for free shipping, which was previously available for orders over $300.
  • Mercado Libre is offering significant discounts up to 62% off on various products, including electronics and toys, with options for interest-free installment payments.
  • On October 30, 2024, Mercado Libre opened a new distribution center in the Parque Industrial Platah, Villa de Tezontepec, increasing its total to 11 centers in Mexico.
  • Marcos Galperin, Founder & CEO of Mercado Libre, will speak at the Globant Converge tech summit on November 21.
  • Mercado Libre opened its first automated distribution center in Hidalgo, capable of sending 1,400 packages daily and creating 7,000 direct jobs.

  • On November 8, 2024, Marcos Galperin, founder of Mercado Libre, met with Claudia Sheinbaum, raising concerns among bankers about potential impacts on virtual wallet investments in Mexico.
  • Mercado Libre opened six new fulfillment centers in Q3 to enhance delivery speeds, with five in Brazil and one in Mexico.
  • Mercado Libre broke historical records during Cyber Monday for the fifth consecutive year, as shared by Alejo Nicolas Fernandez, Plant Engineering Execution Team Leader.

👔 Mercado Libre CEO, Management and Leadership Team


⚔️ Mercado Libre Alternatives and Competitors

  • Digikala
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  • Adevinta
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  • Uala
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  • Kueski
  • |
  • Lamoda
  • |
  • Nelo
  • |
  • UnDosTres
  • |
  • Kushki
  • |
  • amazon.com
  • |
  • amazon.com.mx
  • |
  • ebay.com
  • |
  • mercadolivre.com.br
  • |
  • falabella.com
  • |
  • aliexpress.com
  • |
  • Linio
  • |
  • Elo7
  • |
  • Submarino
  • |
  • Empik
  • |
  • Americanas
  • |
  • Exito
  • |
  • Avenida.com
  • |
  • liverpool.com.mx
  • |
  • walmart.com.mx
  • |
  • sams.com.mx
  • |
  • FLEXE
  • |
  • OLX
  • |
  • Garbarino
  • |
  • Prosus N.V.
  • |
  • JD.com, Inc.
  • |
  • Coupang, Inc.
  • |
  • Naspers Limited
  • |
  • eBay Inc.

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💼 Mercado Libre Hiring and Layoffs

  • Mercado Libre is currently hiring a People Business Partner Supervisor in Chile.
  • João Lima has joined Mercado Libre as VP & CFO Mercado Livre Brasil, previously serving as CFO Latam at The Hershey Company in Brazil.
  • Joviano Oliveira has joined Mercado Libre as Site Head Fulfillment Center in the United States, previously serving as Fulfillment Manager at Mercado Livre.
  • Cauê Albuquerque, a technician at Mercado Libre, expressed gratitude and excitement for a recent promotion.
  • Mercado Libre is currently hiring for the position of Senior Electronics Purchasing Analyst - Marketplace in Argentina.

  • Ricardo Guevara has started as Development & Innovation Supervisor at Mercado Libre.

🤖 Mercado Libre Developer, Integration and Automation News

  • Essendant has partnered with Mercado Libre to offer products from key brand partners on its platform, marking Essendant's entry into the Latin American market.


📈 Mercado Libre Financials, Fundraising and Valuation News

  • Mercado Libre's stock dropped 15% after reporting an adjusted earnings per share of $7.83, missing the analysts' forecast of $11.27.
  • In the first half of 2024, Mercado Libre reported that over 2.7 million users purchased approximately 4.8 million sustainable products in Latin America, highlighting a significant rise in eco-friendly consumption.
  • Mercado Libre reported a 35% year-on-year increase in Q3 2024 revenue to $5.3 billion, driven by a surge in user engagement and strategic investments in technology and logistics, according to Chief Financial Officer Martin de los Santos.


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