What do you think of when I say Latin America? Probably not world-beating technology companies. Think again.
The Brazilian environment is helpful. The Latin American giant has added 50 million internet users since 2019. About 30% of the population never had a conventional bank account. The central bank has started to cut a crushing 13.75% interest rate, spurring expectations of more consumer spending. The core marketplace isn’t doing badly, either, with gross merchandise value up by a quarter since last year. MercadoLibre gobbled most of the market share from Americanas, a Brazilian competitor that collapsed after a massive accounting scandal earlier this year. “Both sides of the house are firing on all cylinders right now,” Fong says.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arcángel, Eladio Carrión, Ezequiel Tovar & Francisco Álvarez Talk the Latin Swing at Latin Music Week 2023“We are inspired by them, and they are inspired by us,” said Carrión about the relationship between baseball players and Latin music artists.
Source: billboard - 🏆 112. / 63 Read more »
Vogart Latin in La Jolla will celebrate the fashion, art and cuisine of Latin AmericaThe event on Oct. 21 was organized by chef Flor Franco, marketer Rebecca Michan, and fashion and style consultant Linda Waisbord
Source: sdut - 🏆 5. / 95 Read more »
Latin American Fashion Awards Announces List of Nominees and Honorees—Including Colombian Superstar J BalvinThe Latin American Fashion Awards will take place on November 4th in the Dominican Republic.
Source: voguemagazine - 🏆 715. / 51 Read more »
Kevin Costner Western 'Horizon: An American Saga' Sets Release Dates In Two PartsThe Oscar winning filmmaker’s western epic Horizon: An American Saga Chapter 1 and 2 will respectively open in cinemas on June 28, 2024 and Aug. 16, 2024. The movie is being released by New L…
Source: DEADLINE - 🏆 109. / 63 Read more »
Kevin Costner’s two-part ‘Horizon: An American Saga’ will debut in theaters next summerPennsylvania Entertainment
Source: PennLive - 🏆 463. / 53 Read more »
Tech Buying Behavior - Complete Guide | GartnerTech Buying Behavior — Explore the latest research on enterprise practices for making tech-related purchases.
Source: Gartner_inc - 🏆 455. / 53 Read more »