newsNew York – MercadoLibre (NASDAQ:MELI), also known as the ‘Latin American Spotify’, has come out reinforced after the coronavirus pandemic prompted lockdowns across South and Central America, which has significantly accelerated e-commerce adoption in the region.
In the first quarter, MercadoLibre reported revenue that grew 71 percent year over year in local currencies after generating 84 percent growth in the fourth quarter, according to Nasdaq. Noteworthy, its peers in the e-commerce segment were up by 62 percent collectively. The retailer’s payments division, Mercado Pago, off-platform growth was significant: Total payment volume jumped 140 percent year over year, while the number of transactions rose 146 percent.
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Global eCommerce Software and Platforms Market Expected To Reach Highest CAGR By 2025: Shopify,
The Global eCommerce Software and Platforms Market report presents an in depth analysis about the major segments covering all the applications, top products, top companies and key geographies. Also report on Global eCommerce Software and Platforms Market solutions market size is expected to grow in billions from base year 2019 to 2025 at Compound Annual Growth Rate in terms of revenue during the forecast period.
This study covers following key players:
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Stimulus end could challenge buy now, pay later's rampant rally
Fund managers and analysts have warned the heady run of buy now, pay later stocks such as Afterpay, Zip and Splitit could hit a wall in September as the end of government stimulus packages dents consumer spending.
Buy now, pay later companies have shot up the ASX boards in recent weeks. Credit: Louise Kennerley
At the forefront of this has been market darling Afterpay, which has rocketed over 700 per cent since its low of $8.90 in March, most recently trading at $72.31, valuing the company just shy of $20 billion.
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