How the Pandemic Turned Argentina´s Mercado Libre Into Regional Titan

Considered by market analysts as the great Latin competitor of global giants Amazon and Alibaba, the company is now preparing to start selling fresh food and enter the disputed niche of restaurant delivery.

RIO DE JANEIRO, BRAZIL - The pandemic, which forced the world's population to shop more online as a result of isolation measures, has turned the e-commerce firm, already one of Latin America's most valuable companies, into a regional titan.

From the onset of the Covid-19 crisis, in March, to date, the market value of the company, listed since 2007 on the U.S. Nasdaq stock exchange, soared from US$27 billion to almost US$77 billion, an increase of 185%.

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