Founded in Buenos Aires, Argentina in 1999, Mercado Libre is the largest C2C e-commerce platform in Latin America, providing individuals and businesses with a full range of solutions for online shopping, sales, advertising, and payment. Although Mercado Libre does not have its own brand like Amazon, with its local genes, Mercado Libre has attracted countless fans in Latin America, covering 18 countries, with a maximum of 642 million visitors per month, subverting the financial and retail industries in Latin America.
Since opening cross-border e-commerce investment to Chinese sellers in 2019, China has become the second country Mercado Libre has developed. In 2020, the number of registered users of Mercado Libre soared by 250 million, and the number of sellers exceeded 10.1 million. The second quarter financial results on June 30, 2021 showed that net income reached US$1.7 billion, a year-on-year increase of 93.9%, and GMV (Goods Market Value) reached US$7 billion, a year-on-year increase of 39.2%.
Introduction to the advantages of Mercado Libre.
1. Join the CBT program: Meikeduo has opened 4 sites in Brazil, Chile, Mexico, and Colombia. One account operates in multiple countries, with no language barriers. The English background, product listing and customer service problem platform are automatically converted into local languages. This provides a more convenient way for cross-border sellers to expand overseas markets.
2. Multiple logistics methods: Meikeduo provides official cooperative logistics services, covering transportation routes from China to Mexico, Chile, Brazil, and from the United States to Mexico and Argentina. In addition, sellers can also choose their own logistics methods, which can be tracked throughout the process and delivered within 25 days. The platform operates warehousing and distribution services to provide sellers with flexible logistics options.
3. Flexible payment methods: Meikeduo provides users with payment methods commonly used in local currencies. Sellers receive payments in the original currency. Payment methods include payment mobile APP, bank cards, transfers, Bitcoin, etc. Such flexible payment methods help attract more users to complete transactions.
In general, Meikeduo is an e-commerce platform with a large number of users, a unique CBT ecosystem and efficient documentary traffic. For cross-border sellers who want to enter the Latin American market, Meikeduo is undoubtedly a valuable opportunity that cannot be ignored. By making full use of its advantages, sellers can achieve broader market expansion and business growth on the Meikeduo platform.