MercadoLibre (MELI) is the most comprehensive ecommerce ecosystem in Latin America in terms of unique visitors and page views. It has a strong footprint in 18 countries, including Brazil, Argentina, Mexico, Chile, and Peru. The company facilitates commerce through its marketplace platform, which empowers users to buy and sell in most of Latin America. Its other services include fintech solutions, advertising, e-store setup, and loan financing. Due to its diversified operations and ever-expanding e-commerce model, the company is often referred to as the Amazon (AMZN) of Latin America. The stock has rallied by 63.3% over the past year, and shares could have more upside ahead.
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