Mercado Libre (Mercado Livre in Portuguese) is an Argentine online marketplace dedicated to e-commerce and online auctions. It is Latin America's most popular e-commerce site by number of visitors.
Mercado Libre was launched in August 1999 in Argentina and rapidly expanded to Brazil, Mexico and other South American countries. Marcos Galperin, current CEO, began the company while still in business school at Stanford University.
Mercado Libre runs Mercado Pago, a safety payment system. Payments processed in 2016 Q3 it surpassed MercadoLibre marketplace sales.
They run 19 marketplaces in Argentina, Brazil, Mexico, Uruguay, Colombia, Venezuela, Chile, Ecuador, Peru, Costa Rica, Dominican Republic, Panama, Portugal, Bolivia, Guatemala, Paraguay, Nicaragua, Honduras, and Salvador.
|Country||Launch Date||MercadoPago launch||MercadoEnvios launch|
|Argentina||August 1999||November 2003||February 2013|
|Brazil||October 1999||January 2004||January 2013|
|Mexico||November 1999||January 2004||October 2014|
|Uruguay||December 1999||November 2016||N/A|
|Colombia||February 2000||December 2007||May 2015|
|Venezuela||March 2000||April 2005||February 2016|
|Chile||March 2000||September 2007||N/A|
|Peru||December 2004||June 2016||N/A|
|Costa Rica||November 2006||N/A||N/A|
|Dominican Republic||December 2006||N/A||N/A|