MercadoLibre
 |
|
| Traded as | NASDAQ: MELI |
|---|---|
| Industry | E-commerce |
| Founded | May 8, 1999 |
| Headquarters | Buenos Aires, Ciudad de Buenos Aires, Argentina |
|
Area served
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Latin America |
|
Key people
|
Marcos Galperin (Chairman, President & Chief executive officer) ; Pedro Arnt (Executive Vice President & Chief Financial Officer) ; Stelleo Tolda (Vice president & Chief operating officer) ; Osvaldo Giménez (Vice president-Payments) ; Daniel Rabinovich (Senior Vice president and Chief technology officer) ; Marcelo Melamud (Vice president and Chief Accounting Officer) |
| Services | Online marketplace and E-commerce payment system |
| Revenue |
 844.4M (2016) |
|
105.8M (2015) |
|
|
Number of employees
|
4,000 (2016) |
| Website | www |
MercadoLibre, Inc. (literally "free market" in Spanish) or MercadoLivre in Portuguese (Brazil, Portugal) is an Argentine company incorporated in the United States that operates online marketplaces dedicated to e-commerce and online auctions, including mercadolibre.com. MercadoLibre is Latin America's most popular e-commerce site by number of visitors. The company has operations in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Ecuador, Guatemala, Honduras Peru, Panama, Portugal, Uruguay and Venezuela. As of 2016, MercadoLibre had 174.2 million users in Latin America.
MercadoLibre was founded in 1999 in Argentina. Founder and CEO Marcos Galperin established the company while attending Stanford University. He acquired funding from John Muse, co-founder of HM Capital Partners. MercadoLibre received additional funding from JPMorgan Partners, Flatiron Partners, Goldman Sachs, GE Capital and Banco Santander Central Hispano. In 1999, MercadoLibre was chosen as an Endeavor company.
In September 2001, eBay purchased a 19.5% stake in the company. eBay sold its stake in MercadoLibre in 2016, but the companies continue to collaborate to expand eBay sellers into Latin America. eBay opened its first branded store on the MercadoLibre marketplace from Chile in March 2017.
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Wikipedia