things appear to be heating up in the Brazilian e-commerce market. This is evident as newcomer on the local scene Sea Limited (NYSE: SE), continues to gain ground from rival Mercadolibre (NASDAQ: MELI). According to Morgan Stanley (NYSE: MS) analyst Ranjan Sharma, Sea Limited’s e-commerce platform Shopee is posing “increasing competition” for Mercadolibre. Namely, the Shopee Brasil app now boasts over 100 million downloads since launching in January last year. Sharma notes that this is a gain of 5% of the local e-commerce market share.
there isn't one good reason to slash this name $100/share in the past 30 days with zero news. Great opportunity for investors to average up (or down) and hold long.$Sea Ltd(SE)$$MercadoLibre(MELI)$ $Morgan Stanley(MS)$
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