11 Reasons to Buy MercadoLibre and Never Sell

In 1999, MercadoLibre (NASDAQ: MELI) launched its online marketplace in four Latin American countries to provide an easy way to connect buyers and sellers. Since then, it's grown to serve 18 countries with a marketplace platform that's sold $16 billion in goods over the last 12 months, and processed a staggering $35.5 billion in payments through its Mercado Pago service.

But it's just getting started. Here are 11 reasons you should buy this e-commerce ecosystem regional leader and never sell.

MercadoLibre serves the Latin American region, which has a population of 638 million people, 362 million internet users, and 200 million online shoppers. Even with this broad base of internet-connected consumers, amazingly, only 4.4% of all retail purchases in Latin America were made online in 2019. But that's changing and it means a huge potential market for MercadoLibre to tap into.

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Source Fool.com