MercadoLibre's Profit Decline Due to Expanding Credit Portfolio
2 months ago
MercadoLibre, the leading e-commerce platform in Latin America, has recently reported a noticeable drop in its profits, a situation attributed largely to its expanding credit offerings. The company, which has seen tremendous growth in its online marketplace and payment services, is now facing financial strain as it increases provisions for bad debts linked to its credit portfolio.
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MercadoLibre Achieves Record Sales in Argentina Amidst Economic Recovery
2 months ago
MercadoLibre Inc., the leading e-commerce platform in Latin America, reported unprecedented sales figures for the third quarter in Argentina, showcasing a significant rebound in consumer spending. This surge in sales can be attributed to a combination of factors, including a recovering economy and a shift in consumer behavior toward online shopping.
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