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Better Connectivity in Latin America Leads To Strong Sales Growth For MercadoLibre (MELI)
Monday, December 21, 2009 - 3:48pm | 115MercadoLibre (NASDAQ: MELI), the largest e-commerce site in Latin America, where it has platforms in 12 countries, witnessed high revenue growth in the last 2 years. Sales have soared from $85 million in 2007, the year it went public, to $137 million last year. Analysts peg 2009 sales at $180...