Sea Is Making a Big Move in E-Commerce -- the Same Move That Catalyzed Growth for MercadoLibre
Sea(SE) fool.com·2024-05-19 07:00
Reducing delivery times can help drive adoption.For those who have been holding shares of Latin American e-commerce and fintech business MercadoLibre (MELI 0.58%) over the last five years: Congratulations, it's been an enriching ride. The stock is up roughly 200% during that time as its business has boomed.MercadoLibre stock is up because the business has grown substantially. In the first quarter of 2019, the company's e-commerce platform had 18.8 million active buyers and merchandise volume of $3 billion. ...