MercadoLibre Tries to Woo Brazil’s Online Shoppers as Amazon, Shein Close In

MercadoLibre Inc. has dominated the online-shopping market in Latin America.

Photographer: Mayolo Lopez Gutierrez/Bloomberg

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MercadoLibre Inc. has long dominated the online-shopping market in Latin America, but this holiday season, it finds itself in a fight to fend off rivals from both ends of the Pacific Ocean.