Mercado Libre Sells Record 20 Million Products in August as Argentina Recovers

Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.”The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8) that it had sold a record 20 million products on its platform in August.“While in the first months of the year the supermarket category and basic necessities were the only ones that showed year-on-year growth, from May onwards there was strong growth in nonessential product categories,” the company said in a news release.Thes ...