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Latin American e‑retailers bounce back as Brazil’s economy recovers

Total sales for the leading online retailers in Latin America increased 13.8% in 2018 after growing by only 3.8% a year earlier due to the downturn in Brazil, the region’s largest economy. Chile’s top e-retailers helped pull up the regional average, growing by 20.2% in 2018 over the prior year.

PayPal is investing $750 million in MercadoLibre

The Latin American online marketplace raised $1.85 billion total through a public share offering and direct investments from companies including PayPal.