Catalog saleswomen in Mexico are increasingly selling Shein and Temu products. Since 2022, around 60% of these sellers have added these brands. Despite struggles in traditional catalog sales, women adapt by meeting customer demands.

Shein debuts its first credit card in partnership with Stori. Backed by Mastercard, it targets Mexico's market, offering 250 welcome points and double points on Shein purchases. The card aims for financial inclusion with a 99% approval rate.

Mercado Libre sold a record 20M products in Argentina in August. Growth in nonessentials like notebooks (up 173%) and TVs (up 59%) led the charge. Loans increased 69%, with SME financing up 62%, driving digital payments higher.

MercadoLibre, founded in 1999, leads online sales in Latin America, growing 34% in 2024. Amazon trails with a 27% rise. MercadoLibre’s Q2 revenue grew by 42%, backed by a young, mobile-savvy population of 600M.

Cayena, a Brazilian B2B marketplace for wholesale food supplies, raised $55M in a Series B round led by Bicycle Capital. Other investors include Picus Capital, FEMSA Ventures, and more. The funds will help Cayena expand its reach to 500 more cities in Brazil.

Mercado Libre secured $250M from JPMorgan to grow its FinTech business in Mexico, targeting SMBs. The company seeks a banking license, expanding its $1.5B loan portfolio. Mexico now contributes 20% of its revenue, with $2.5B investment planned for 2024.

Mercado Libre founder Marcos Galperín announced a $75M investment to build a new logistics center in Buenos Aires, creating 2,300 jobs. President Javier Milei praised Galperín’s contribution to Argentina's economic growth during his visit.

Starting July 27, AliExpress will charge fees on orders under $50 due to new Brazilian tax rules. From August 1, all shipments to Brazil must comply with the new import tax rates, impacting the cost of purchases significantly.

Uber Eats has helped Puerto Rican restaurants increase sales by up to 50% since its debut in 2018. Over 11 million orders have been placed, and 65% of its 1,700 partners are SMEs. This growth was crucial during the pandemic.

On June 5, 2024, Temu launched in Brazil, marking its presence in 70 countries. Despite new legislation imposing a 40% tax on cross-border parcels, Temu is determined to capture the Brazilian market. The company uses a full consignment model to offer attractive prices but may shift to semi-consignment like in the US. This shift aims to balance cost and delivery speed while navigating political pressures and logistical challenges.

Hiker Ventures invests $0.8M in Semexe, aiming to expand the Loopify re-commerce platform. Loopify helps brands implement trade-in and used goods programs. This marks Hiker's third 2024 investment, emphasizing circular economy.

Meta introduces Meta Verified for WhatsApp Business in Brazil, India, Indonesia, and Colombia at $14/month. New features include multi-device support, custom web pages, and verified channels. Businesses can now call customers via the app.

MercadoLibre is in talks to get a banking license in Mexico, aiming to enhance its financial services. This move follows the success seen in Brazil, with plans to expand digital banking and credit offerings in Mexico.

Temu, a Chinese e-commerce retailer, has been approved for Brazil's tax benefit program, exempting goods up to $50 from import fees. This step brings Temu closer to launching in Brazil, joining rivals Shein and Shopee in the market.

TikTok is expanding its e-commerce business to Mexico, France, Germany, Italy, and Spain amid scrutiny in the US and EU. Merchants are invited for a beta run before the official launch this summer. This brings TikTok Shop's presence to 13 markets worldwide.

Reuse, founded in 2018, partners with big brands to sell refurbished electronics in LATAM. It just raised $4.5M led by Seaya Cathay Latam, aiming for growth in Mexico.

Swap secures $9M to launch Swap Global, aiming to streamline operations for DTC brands with enhanced shipping, tax solutions, and express customs. Expansion targets include the UK, Europe, and the USA.

As streaming costs rise, Mexico's COFECE scrutinizes Amazon and Mercado Libre for potentially anti-competitive loyalty bundles, hinting at consumer impacts.

MercadoLibre announces a 30% increase in staff for 2024, adding 18,000 jobs to reach 76,000 employees, with significant hiring in Mexico and Brazil.

Shein and MercadoLibre are actively recruiting vendors in Brás, São Paulo, enhancing their services to dominate the local $3B garment market.

As the Universal Analytics sunset looms in July, Google nudges for a shift to Google Analytics 4. The end of UA could spell disaster for unprepared campaigns, with data deletion and measurement halts.

Shopify is not just about selling online; it's about selling sustainably. With the Planet app, Shopify merchants offer carbon-neutral shipping, neutralizing emissions from over 25M orders and removing 23,000 tons of CO2 since 2022.

The allure of thrift shopping is waning as fast fashion invades, diluting the quality of finds. Experts point to a booming resale market and the fast fashion influx, making quality secondhand pieces rare treasures.

As gig work's profitability dwindles in Latin America, workers resort to renting accounts from peers to sidestep platform bans, impacting up to 30% of gig workers in Mexico. Verification efforts by platforms like iFood and Uber struggle against this widespread practice.

eBay's expansion into luxury apparel consignment, building on its designer handbag service launched in September 2023, makes selling high-end items easier. The partnership with Linda’s Stuff for item handling and eBay's steps to secure luxury sales highlight its ambition in the $49 billion luxury fashion resale market.

Mercado Libre is setting a new investment record in Mexico with $2.5B, targeting significant expansions in logistics, technology, and workforce. The e-commerce giant sees Mexico as key, with revenue contributions jumping from 12% in 2019 to over 20% in 2023.

Expanding its global footprint, Amazon Business sets up shop in Mexico, becoming a go-to for 18k local sellers and sparking a jobs bonanza. Pedro Huerta highlights the boon for small businesses and the promise of simplifying business buying.

Airbnb's new verification wave catches 1.5M homes, leaving 80% still in the queue. Stricter policies slash host cancellations by 36%, and the top 25% of listings now shine with new badges.

Uber Eats' new live location-sharing helps couriers brave jungles for your pizza. Available in 11,000 cities, except Quebec, it's the outdoor delivery game-changer we didn't know we needed!

🌎 eBay resolves Cyberstalking case with $3M Penalty.. The case involved former employees targeting a couple critical of the company, leading to charges of stalking, witness tampering, and obstruction of justice

🌎 Amazon, Google, Duolingo reduce workforce in major tech layoffs.. Twitch, Amazon’s Prime Video, MGM Studios, and Google Assistant divisions are among those affected

🌎 Amazon and Walmart Leverage Gaming for Innovative Revenue Streams. Amazon introduces ads to Prime Video and develops Warhammer 40,000 content, while Walmart partners with Unity for in-game shopping. Both moves reflect strategic shifts in digital consumer engagement and spending.