The news: Despite persistent high inflation and mounting economic uncertainty across Latin America, Mercado Libre generated nearly $10 billion in retail ecommerce sales in Q4 2022. Its ongoing investments will continue to pay dividends over the short and long terms. The company remains a regional powerhouse and has weathered Latin America’s macroeconomic headwinds better than most, per eMarketer | Insider Intelligence.

Retail ecommerce sales in Latin America were slower than expected during the first nine months of 2022: eMarketer | Insider Intelligence’s senior analyst for Latin America and Spain, Matteo Ceurvels, breaks down why as well as which companies saw declines versus those that fared well.

Mercado Libre is Latin America’s biggest ecommerce player by far, but competition from local players is heating up. This will force the regional giant to ramp up investments to maintain—and grow—market share, per eMarketer | Insider Intelligence.