Alibaba threatens MercadoLibre’s profit

05 Oct 2014
Technology and e-commerce company MercadoLibre (MELI:Nasdaq) could soon lose its position as a leader in the Latin America e-commerce market, analysts warned recently. The Buenos Aires-based firm controls much of the region's marketplace, but that could soon change as Alibaba Group intends to enter South America.The Chinese company plans to use a $25 billion IPO, the biggest in history."Bu

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.