The future of Latin America?
Alibaba, the biggest e-commerce company in China, generated about US$110bn revenue in 2020. Given that China is the biggest consumer market in many items and a unified market, it is unlikely that MELI can achieve US$100bn revenue? If that being the case, what do you think is the more achievable revenue target? What about valuation? Both Amazon and Alibaba are trading at 4-5x P/S now, SEA are Shopify are much higher but are they sustainable? Thanks!
Lots of good points - you are comparing Latin America to USA and while it is true that the population of the former is roughly double that of the latter, it is worth pointing out that the US economy is currently roughly 5 times larger; US gdp ~21 trillion vs Brazil+Mexico+Argentina+Columbia+Chile ~4.1 trillion.
'weaved its tenticles' - testicles?