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Mercado Libre

🌎 mercadolibre.com

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.

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Mercado Libre - Latest News and Updates

• Nader Hayaux & Goebel represented Mercado Libre in securing a $4.5 billion pesos asset-backed financing from JPMorgan Chase for its subsidiary Mercado Lending.
• On November 22, 2024, Mercado Libre Perú announced a partnership with The Box, a well-known footwear, clothing, and accessories store, to expand its fashion and footwear offerings with over 300 products from brands like Dunkelvolk, DVK, REEF, Puma, and Fox, as shared by Eloy Benavente, Head of Fashion, Beauty & Sports at Mercado Libre.
• On November 21, 2024, Lesslie Polinesia launched her beauty brand Yiyi Beauty exclusively on Mercado Libre for a week, offering over 13 skincare and makeup products.
• Carlos Federico Blanc has joined Mercado Libre as a Software Technical Leader in Argentina, previously serving as VP of Engineering at ABstract.
• During Black Friday 2024, Mercado Libre offers significant discounts on high-end brands like Xbox, PlayStation, Nintendo Switch, Apple, and Samsung, as well as fashion items from Nike, Puma, and Adidas.

• Mercado Libre is offering significant discounts on a variety of products, including a 60% discount on the Emma Hybrid Lite Double Mattress and a 64% discount on an electric all-terrain vehicle for children.
• Tatiana Soto has joined Mercado Libre as a Software Project Leader in Colombia, previously serving as Director of Technology at Seguros SURA.
• At the Globant Converge event, Marcos Galperin revealed that Mercado Libre is heavily investing in artificial intelligence across various areas, including a collaboration with OpenAI.
• In the first half of 2024, Mercado Libre saw a 26% increase in sales of eco-friendly products, with sustainable fashion being the fastest-growing category, showing a 92% rise in sales compared to the previous year.
• Mercado Libre's distribution center in Cajamar, Brazil, processed 20,000 packages per hour during Black Friday with the help of 340 autonomous robots, according to Fernando Yunes, senior vice president and leader of Mercado Libre in Brazil.

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