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MERCADO LIBRE
Amazon rival Mercado Libre to invest $4.6 billion in MexicoMercado Libre is investing a massive $4.6 billion in Mexico. This significant funding aims to boost online shopping and expand financial se...- Axis Capital initiates coverage on Meesho with 'Buy' rating; lists 3 tailwinds, key risksAxis Capital initiates a 'Buy' on Meesho with a Rs 195 target, anticipating a 34% surge. The brokerage highlights Meesho's strong position ...
- Apple to allow third-party app stores in Brazil to settle iOS case with regulatorApple has agreed to let rival app stores and alternative payments operate on iPhones in Brazil, settling a long-running antitrust case. The...
- E-commerce firm Pattern, shareholders raise $300 million in US IPOE-commerce firm Pattern and its shareholders have successfully raised $300 million in their U.S. IPO, pricing shares within the $13-$15 ran...
- Sellers on Amazon, MercadoLibre face competitive barriers, Mexico watchdog rulesAccording to Cofece, Amazon and MercadoLibre do not provide sufficient information to sellers on how featured products are determined, whil...
- Ecommerce firm Pattern aims to raise up to $321 million in US IPOPattern Group, an ecommerce company, plans to raise up to $321 million through a US initial public offering, it announced Wednesday. The Ut...
- Technical body of Brazil antitrust regulator recommends ruling against Apple in iOS caseIn a statement, CADE said its technical body recommended a fine, although did not specify what amount, as well as Apple putting an end to t...
- Catching a falling knife? Valuations guru Aswath Damodaran warns buying the dip isn’t always smart— yet sees value in BYD, Mercado Libre and PalantirValuation expert warns that blindly buying market dips can be risky, likening it to “catching a falling knife.” Contrarian investing demand...
- Brazil antitrust body rules Apple must lift restrictions on in-app paymentsLatin America ecommerce giant MercadoLibre complaint, filed in 2022 in Brazil and Mexico, accused Apple of imposing a series of restriction...
- Brazil to end tax exemption on international orders, targeting Asian e-commerce giantsThe revenue service said that the exemption never applied to e-commerce but only to shipments from individual to individual, and had been "...
- Argentine e-commerce firm MercadoLibre files complaints against Apple for 'anti-competitive practices'In a statement, MecadoLibre, the Argentine e-commerce giant said that Apple had imposed a series of restrictions on the distribution of dig...
- MercadoLibre to create cryptocurrency as part of loyalty programMercadoLibre told a news conference clients will earn MercadoCoins as cashback when buying products on the ecommerce platform.
- Shankar Sharma on why 2021 seems like 2000 for stock markets2021 has seemed eerily similar to 2000. There have been millions of ‘lucky people’ on the planet in the last couple of years. The pandemic ...
- Twitter buys minority stake in digital advertising firm AlephAleph did not reveal any financial terms of the investment but said Twitter's stake buy would help the company expand its educational tech ...
- China's Alibaba sets $100 billion target for Southeast Asian e-commerce divisionChinese e-commerce giant Alibaba has set a target for gross merchandise volume of $100 billion in gross merchandise volume (GMV), the total...
- Singapore's Shopee changes the game in Brazil's ecommerce sectorShopee took just two years to become Brazil's most-downloaded shopping app, winning users to its low-cost marketplace with its game-changin...
- Facebook relaunches WhatsApp money transfers in BrazilWhatsApp had launched its payments services in Brazil in June, but the central bank suspended it some days later alleging it could damage t...
- Amazon expands in Brazil, riding e-commerce boom set off by COVID-19 distancingThe new units are already operating in the states of Minas Gerais and Rio Grande do Sul and the capital city of Brasilia. They increase the...
- JPMorgan fund manager says always buy the dip in emerging marketsIndian banks are starting to win market share as more people seek financial services.
- Prevent abuse by dominant fintech: Bank of International SettlementsRegulatory sandbox is also another useful tool regulators can use to gauge the market readiness for new products while promoting knowledge-...
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