MercadoLibre Gains as Brazil Free Shipping Fuels Growth

Packaged products at the MercadoLibre fulfillment center in Sao Paulo.

Photographer: Jonne Roriz/Bloomberg

Leia em português.

E-commerce and fintech giant MercadoLibre Inc. rallied after first quarter revenue beat analyst expectations driven by a surge in its e-commerce branch after the company expanded its free shipping policies in Brazil.