Mercado Livre, a Latin American e-commerce platform, has a market value of $60.6 billion

From:Local media

2020-08-11

A surge in online shopping during the epidemic has made Mercado Livre the most valuable company in Latin America at $60.6 billion, according to Brazilian financial consultancy Economatica, overtaking giants such as Vale, Petrobras and Itau Unibanco, Brazilian media reported. Mercado Livre is up 108.95% on the Nasdaq stock Exchange so far this year.

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