Mercado Libre

MercadoLibre, Inc.
Native name
Mercado Libre (Spanish)
Mercado Livre (Portuguese)
Company typePublic
IndustryE-commerce
FoundedAugust 2, 1999; 25 years ago (1999-08-02)[1]
FounderMarcos Galperin
Headquarters,
Uruguay
Area served
Key people
Brands
ServicesOnline marketplace and e-commerce payment system
RevenueIncrease US$14.5 billion (2023)
Increase US$1.82 billion (2023)
Increase US$987 million (2023)
Total assetsIncrease US$17.6 billion (2023)
Total equityIncrease US$3.07 billion (2023)
Number of employees
58,313 (2023)
Websitemercadolibre.com
Footnotes / references
[2]

MercadoLibre, Inc. (literally "free market" in Spanish, and known as Mercado Livre in Portuguese) is an Argentine company headquartered in Montevideo, Uruguay and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America,[3] making it the region's most popular e-commerce site by number of visitors.[4]

Aside from being the sole player in Argentina's e-commerce market,[5] it has operations in Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.[6] In 2023, TIME included Mercado Libre in the list of the 100 most influential companies in the world.[7]

  1. ^ "MercadoLibre.com WHOIS, DNS, & Domain Info - DomainTools". WHOIS. Retrieved August 16, 2016.
  2. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 23, 2024.
  3. ^ "The Free Market portal sold 181.2 million products in 2016". La Republica. March 6, 2017.
  4. ^ "Most popular online retailers in Latin America". Statista. Retrieved April 28, 2016.
  5. ^ Ormerod, Alex González (April 26, 2023). "MercadoLibre is a massive fish in a medium-sized pond". Rest of World. Retrieved November 9, 2024.
  6. ^ Cite error: The named reference la was invoked but never defined (see the help page).
  7. ^ "TIME100 Most Influential Companies 2023: Mercado Libre". Time. June 21, 2023. Retrieved June 26, 2023.