Consumer
MercadoLibre Posts Record Argentina Sales Amid Consumer Rebound
- 20 million products sold in August were worth $916 million
- E-commerce firm sees shift to non-essentials after rough start
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MercadoLibre Inc., the Latin American e-commerce and fintech platform that’s now the region’s most valuable company, said it’s seeing signs of a consumption rebound in Argentina after a difficult start to the year.
A record 20 million products were sold on its platform in August, worth the equivalent of $916 million, the company announced Tuesday in a press release. Consumers were turning to non-essential goods like computers, tablets and cellphones after food and basic necessities led the way at the start of the year, MercadoLibre said.