Mercado Libre

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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
FoundedAugust 2, 1999; 23 years ago (1999-08-02)[1]
FounderMarcos Galperin
Area served
Latin America
Key people
ServicesOnline marketplace and E-commerce payment system
RevenueIncrease US$7.07 billion (2021)[2]:35
Increase US$441 million (2021)[2]:35
Increase US$83.3 million (2021)[2]:35
Total assetsIncrease US$10.1 billion (2021)[2]:36
Total equityDecrease US$1.53 billion (2021)[2]:36
Number of employees
29,957 (2021)[2]:10 Edit this on Wikidata

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[change | change source]

  1. " 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.