{"id":29565,"date":"2024-09-12T23:56:00","date_gmt":"2024-09-12T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=29565"},"modified":"2025-10-29T10:59:39","modified_gmt":"2025-10-29T02:59:39","slug":"mercadolibre-keeps-delivery","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/","title":{"rendered":"MercadoLibre that Amazon cannot beat. Why it keeps delivery?"},"content":{"rendered":"\n<p>If you are not familiar with <a href=\"https:\/\/es.wikipedia.org\/wiki\/Mercado_Libre\" target=\"_blank\" rel=\"noreferrer noopener\">MercadoLibre (ticker: MELI)<\/a>, I suggest you should read my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/01\/02\/mercadolibre-introduction\/\" target=\"_blank\" rel=\"noreferrer noopener\">Latin America&#8217;s e-commerce dominant MercadoLibre<\/a>&#8220;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Rately_keep_growing\" >Rately keep growing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Antifragile\" >Antifragile<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#This_kind_of_company_is_rare\" >This kind of company is rare<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Latin_America_is_not_easy_to_run\" >Latin America is not easy to run<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Diversified_business\" >Diversified business<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#e-commerce\" >e-commerce<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Steady_business\" >Steady business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Covering_whole_Latin_America\" >Covering whole Latin America<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Logistics\" >Logistics<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Necessary_for_e-commerce\" >Necessary for e-commerce<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Extremely_successful\" >Extremely successful<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Fintech\" >Fintech<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Purpose_from_the_beginning\" >Purpose from the beginning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Business_is_impressive\" >Business is impressive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Competitors_do_not_have_this_advantage\" >Competitors do not have this advantage<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Competitors\" >Competitors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#E-commerce_rivals\" >E-commerce rivals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Fintech_rivals\" >Fintech rivals<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Capital_market_performance\" >Capital market performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#The_stock_price_is_relatively_cheap\" >The stock price is relatively cheap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#MercadoLibre_is_reasonably_priced\" >MercadoLibre is reasonably priced<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rately_keep_growing\"><\/span>Rately keep growing <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The company&#8217;s impressive growth rate has put MercadoLibre on the radar of many investors. Over the past few years, it has been common for the company to see revenue growth of at least 30% annually. In the most recently reported first quarter of 2024, total revenue grew 36%.<\/p>\n\n\n\n<p>MercadoLibre is also starting to see this revenue growth take its position further down the income statement. In the first quarter of 2024, operating income increased by 26%, net profit increased by 71%, and the company generated US$5 billion in free cash flow in the past 12 months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Antifragile\"><\/span>Antifragile<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"This_kind_of_company_is_rare\"><\/span>This kind of company is rare<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the investment world, &#8220;antifragility&#8221; means that a company becomes stronger in the face of challenges, and MercadoLibre is undoubtedly a rare company that can fit this description.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latin_America_is_not_easy_to_run\"><\/span>Latin America is not easy to run<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>MercadoLibre only operates in Latin America, where countries often face difficult regulatory environments, political instability and high inflation. However, MercadoLibre did not back down from these challenges and turned these difficulties into business opportunities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Diversified_business\"><\/span>Diversified business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MercadoLibre is a leader in Latin America in many areas. These areas have also helped MercadoLibre become a leader in e-commerce and other fields in Latin America. When MercadoLibre launched its sales platform in 1999, online shopping was still in its infancy.<\/p>\n\n\n\n<p>While its e-commerce marketplace is its largest division, it also offers fintech products as well as different divisions in logistics, advertising and other business-diversified services, all of which operate well.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"e-commerce\"><\/span>e-commerce<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steady_business\"><\/span>Steady business<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>After adjusting for the impact of currency exchange rates, total merchandise volume (i.e., the total dollar amount of merchandise sold) on the e-commerce marketplace platform grew 71% in the first quarter of 2024. Growth of 30% based on 28% in the first quarter of 2023.<\/p>\n\n\n\n<p>This was true as total sales increased 25% in the first quarter, while unique active buyers increased 16%. Overall, MercadoLibre continues to attract new customers who buy more over time.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Covering_whole_Latin_America\"><\/span>Covering whole Latin America<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>MeradoLibre is Latin America&#8217;s leading e-commerce company, operating in 18 countries in Central and South America.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Logistics\"><\/span>Logistics<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Necessary_for_e-commerce\"><\/span>Necessary for e-commerce<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Its logistics arm, Mercado Envios, has found success in the same way. Ultimately, it provides express delivery services for third-party businesses selling goods on MercadoLibre.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extremely_successful\"><\/span>Extremely successful<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Likewise, MercadoLibre&#8217;s logistics business unit, Mercado Envios, has established itself as market leader in Central and South America. While U.S. consumers may now take same-day or next-day delivery for granted, prior to Mercado Envios, no such service existed in Latin America.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fintech\"><\/span>Fintech<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Purpose_from_the_beginning\"><\/span>Purpose from the beginning<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>When it started selling goods online, the vast majority of people in its marketplace were cash customers and couldn&#8217;t buy on the MercadoLibre e-commerce platform. Rather than accept the situation, it created Mercado Pago to provide products and services that enable people to conduct digital transactions. The fintech business was so successful that it also opened the platform to customers who didn\u2019t buy from MercadoLibre.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_is_impressive\"><\/span>Business is impressive<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Mercado Pago, the company\u2019s fintech arm, began as a way for marketplace users to pay for goods. Over time, it has evolved into a more comprehensive banking and payment option for users.<\/p>\n\n\n\n<p>In the first quarter of 2024, monthly active users of financial technology increased by 38%. Total assets under management grew 90% to $5.5 billion, and the credit portfolio grew 46%.<\/p>\n\n\n\n<p>These indicators indicate that Mercado Pago is quickly becoming more valuable to its customers. What&#8217;s more, there are fewer financial products available in Latin America than U.S. investors are used to.<\/p>\n\n\n\n<p>Of these additional offerings, fintech business Mercado Pago is the fastest-growing and most important for investors to pay attention to. It accounts for approximately 42% of total revenue.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Competitors_do_not_have_this_advantage\"><\/span>Competitors do not have this advantage<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Furthermore, even if Amazon were able to gain a greater foothold in Latin America, it would not be able to offer fintech services. Therefore, with Mercado Pago, it will likely never achieve the market leadership that MercadoLibre achieved. Additionally, fintech largely didn\u2019t exist when Mercado Pago was founded. Its decision to become a fintech provider to other businesses has made it the fintech market leader in the region.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Competitors\"><\/span>Competitors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"E-commerce_rivals\"><\/span>E-commerce rivals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>MercadoLibre\u2019s e-commerce competitors include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Amazon (ticker: AMZN): please see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/16\/amazon-vs-alibaba\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon vs. Alibaba<\/a>&#8220;<\/li>\n\n\n\n<li>Alibaba (ticker BABA): please see my posts of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/07\/alibaba-spin-off\/\">Why is Alibaba spin-off unanimously optimistic?<\/a>&#8221; and &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/16\/amazon-vs-alibaba\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon vs. Alibaba<\/a>&#8220;<\/li>\n\n\n\n<li>Shopee (ticker: SE), a subsidiary of Sea: please see my post of&#8221;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/23\/4836\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sea, the parent company of Shopee, the most valuable company in Southeast Asia<\/a>&#8220;<\/li>\n\n\n\n<li>Shein: please see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/30\/shein\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Shein, the world&#8217;s fastest growing fast fashion seller, make money?<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fintech_rivals\"><\/span>Fintech rivals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>MercadoLibre\u2019s fintech competitors include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nubank (ticker: NU): For details, please see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/19\/nubank-advantages\/\" target=\"_blank\" rel=\"noreferrer noopener\">What company is Nubank owned by Buffett? How it makes money and its advantages?<\/a>&#8220;<\/li>\n\n\n\n<li>StoneCo (ticker: STNE) is a Brazilian payment fintech player.<\/li>\n\n\n\n<li>PagSeguro (ticker: PAGE): Brazil\u2019s payment fintech player.<\/li>\n\n\n\n<li>Cielo SA (ticker: CIOXY): Cielo is Brazil&#8217;s largest credit card and debit card operator. Founded in 1995, it is a partnership between Visa (ticker: V) and Bradesco, Banco do Brasil, Banco Real (now Banco Santander) and a joint venture with the now-defunct Banco Nacional bank.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_market_performance\"><\/span>Capital market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_stock_price_is_relatively_cheap\"><\/span>The stock price is relatively cheap<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Considering all of the company&#8217;s strengths, MercadoLibre stock is trading at a price that many consider reasonable, which may surprise investors.<\/p>\n\n\n\n<p>Some investors may disagree with that assessment: At a price-to-earnings (P\/E) ratio of 73 times, it&#8217;s not cheap. That P\/E is much higher than Amazon (43x) or Alibaba (22x). In the first half of 2024, its revenue increased by 39% year-on-year to US$9.4 billion.<\/p>\n\n\n\n<p>But please note that MercadoLibre is not just delivering such results now. Its importance is that it can continue to deliver exciting results for many years. Its revenue grew by 37% in 2023 and 49% in 2022, when the epidemic still hindered many offline businesses.<\/p>\n\n\n\n<p>Additionally, MercadoLibre turned profitable in 2021, with net income growth increasing since then. In the first half of 2024, net profit rose 89% to $875 million. Its revenue growth is so high that its price-to-earnings-to-growth (PEG) ratio is just under 0.9. Any stock with a positive PEG ratio below 1 is generally considered undervalued. There are value investors who are also more likely to continue buying MercadoLibre stock despite its high P\/E ratio.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MercadoLibre_is_reasonably_priced\"><\/span>MercadoLibre is reasonably priced<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>MercadoLibre currently trades at a price-to-sales (P\/S) multiple of 5.6 and a price-to-free cash flow (P\/FCF) multiple of 17. In comparison, these valuations are not particularly expensive.<\/p>\n\n\n\n<p>Amazon, for example, has 3x sales and 42x free cash flow. Additionally, MercadoLibre&#8217;s price-to-earnings estimate is also cheaper than its five-year median.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"178\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/08\/MELI-Custom.jpg\" alt=\"MercadoLibre \" class=\"wp-image-29570\"\/><figcaption class=\"wp-element-caption\">credit: Ideogram<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/12\/mercadolibre-keeps-delivery\/\" target=\"_blank\" rel=\"noreferrer noopener\">MercadoLibre that Amazon cannot beat. Why it keeps delivery?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/01\/02\/mercadolibre-introduction\/\" target=\"_blank\" rel=\"noreferrer noopener\">Latin America&#8217;s e-commerce dominant MercadoLibre<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/28\/shopify-surpassed-amazon\/\">Shopify surpassed Amazon in some important e-commerce metrics<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/03\/12\/booking-travel\/\">How does Booking, the lord of travel e-commerce, make money? Future Prospect Analysis<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/19\/nubank-advantages\/\" target=\"_blank\" rel=\"noreferrer noopener\">What company is Nubank owned by Buffett? How it makes money and its advantages?<\/a><\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/07\/alibaba-spin-off\/\">Why is Alibaba spin-off unanimously optimistic?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/16\/amazon-vs-alibaba\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon vs. Alibaba<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/23\/4836\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sea, the parent company of Shopee, the most valuable company in Southeast Asia<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/30\/shein\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Shein, the world&#8217;s fastest growing fast fashion seller, make money?<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Please note that MercadoLibre is not just delivering such results now. Its importance is that it can continue to deliver exciting results for many years.<\/p>\n","protected":false},"author":1,"featured_media":29570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130,126],"tags":[227,1335,658,864,1263,503,992,1113,140],"class_list":["post-29565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ecommerce","category-fintech","tag-amzn","tag-cioxyo","tag-meli","tag-nu","tag-page","tag-se","tag-shein","tag-stne","tag-v"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/29565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=29565"}],"version-history":[{"count":20,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/29565\/revisions"}],"predecessor-version":[{"id":39675,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/29565\/revisions\/39675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/29570"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=29565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=29565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=29565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}