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The Vertically Integrated Ecommerce Giant of Latin America: MercadoLibre (MELI)

Think Alibaba for Latin America. Alibaba has an auction platform, shopping platform, in-house payment integration, and a variety of other services. They are vertically integrated, and hence managed to become a $400 billion company. In the US and Europe, we have eBay. They used to own PayPal as an integrated payment solution until they decided …

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