MercadoLibre Gains as Brazil Free Shipping Fuels Growth
Packaged products at the MercadoLibre fulfillment center in Sao Paulo.
Photographer: Jonne Roriz/BloombergE-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.