Mercado Livre Is E-commerce’s Winner in the Pandemic, Says Bradesco Bank

"We believe Mercado Livre will have a much stronger quarter in Brazil than initially expected," the bank said in a report.

RIO DE JANEIRO, BRAZIL - The Mercado Livre marketplace is the big winner of the e-commerce war during the pandemic, according to Bradesco, and should draw investors' interest after the release of its quarterly results, scheduled for the end of July.

"We believe Mercado Livre will have a much stronger quarter in Brazil than initially expected," the bank said in a report. Mercado Livre's overall sales are expected to rise by R$4 billion (US$800 million), more than other competitors, which are expected to raise between R$3 and R$3.5 billion more in the quarterly revenues . . .

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