Mercado Libre

Mercado Libre, Inc. (literally "free market" in Spanish, and known as Mercado Livre in Portuguese) is a multinational company of Argentine origin based in Buenos Aires dedicated to electronic commerce in Latin America.

Mercado Libre, Inc.
Native name
Mercado Libre
Company typePublic
IndustryE-commerce
FoundedAugust 2, 1999 (1999-08-02)[1]
FounderMarcos Galperin
Headquarters,
Area served
Latin America
Key people
Brands
  • Mercado Pago
  • Mercado Crédito
  • Mercado Ads
ServicesOnline marketplace and E-commerce payment system
Revenue US$7.07 billion (2021)[2]: 35 
US$441 million (2021)[2]: 35 
US$83.3 million (2021)[2]: 35 
Total assets US$10.1 billion (2021)[2]: 36 
Total equity US$1.53 billion (2021)[2]: 36 
Number of employees
29,957 (2021)[2]: 10 

Users can sell and buy both new and used products at a fixed or variable price, plus private services are offered. Mercado Libre also has a service called Mercado Pago, a platform for charging buyers and payments and credits to sellers. Although their headquarters are in Argentina, their main and profitable operating markets are Brazil and Mexico, where they even operate with their own line of aircraft included.[3]

References

  1. "MercadoLibre.com WHOIS, DNS, & Domain Info - DomainTools". WHOIS. Retrieved 2016-08-16.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 "Form 10-K". U.S. Securities and Exchange Commission. 2022-02-23.
  3. Cláudio Florenzano. "Mercado Livre inaugurates a new headquarters of R$105 million in São Paulo". CBSI. Archived from the original on 2022-08-11. Retrieved 2022-07-05.