Market Update
MercadoLibre (NASDAQ: MELI) shares rose 3% on Thursday afternoon following positive market insights. A report from ResearchAndMarkets.com revealed that MercadoLibre maintains a leading position in the Chilean e-commerce market, which is projected to reach $12.6 billion in 2025, growing at an annual rate of 7.6% to reach $16.9 billion by 2026.
The Chilean e-commerce market currently has two-thirds of its population shopping online, with B2C spending recorded at $8.7 billion in 2024. Despite strong competition from Falabella, which has a market cap of $18 billion, MercadoLibre remains the dominant player in the region.
