Better Buy: MercadoLibre vs. Amazon
MercadoLibre (NASDAQ: MELI) and Amazon (NASDAQ: AMZN) have become e-commerce conglomerates. MercadoLibre has established a fast-growing online retail and payments business in Latin America, while Amazon, which pioneered e-commerce and cloud computing, leads worldwide.
At more than $1.55 trillion, Amazon has a market cap nearly 30 times larger than MercadoLibre's approximate $53 billion market capitalization. However, MercadoLibre has delivered considerably faster growth in sales. Given these dynamics, determining which retail stock to choose is likely a measure of its respective businesses as well as the numbers.
Many consider MercadoLibre the "Latin American Amazon." The Argentina-based online retailer serves most of the territory between Argentina and Mexico.
Source Fool.com
