How Latin America’s etailers stack up at home and abroad

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In H1 2021, Mercado Libre scooped up more than $13 billion in digital sales across Latin America, making it the region’s biggest ecommerce company. Americanas S.A. and Magazine Luiza rank second and third, each earning over $3 billion. Impressive as their figures are, these retailers can’t compete with international giants like Alibaba, whose gross merchandise value in China topped $78 billion during the 2021 Singles’ Day event alone.