August 23, 2013 at 18:14 PM EDT
MercadoLibre Grows With Latin America Economies
In Latin America, as in many emerging economies, people are escaping poverty and moving into the middle class. For many, that means having Internet access for the first time. Across the region, Internet penetration was only 48% last year, far below the near-universal coverage rates in the developed world. That means there's plenty of room for growth. A major beneficiary of rising rates of Internet use is MercadoLibre (MELI), which has been dubbed
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