Advertisement
Canada markets close in 4 hours 51 minutes
  • S&P/TSX

    21,750.98
    -122.74 (-0.56%)
     
  • S&P 500

    5,005.35
    -66.28 (-1.31%)
     
  • DOW

    37,821.66
    -639.26 (-1.66%)
     
  • CAD/USD

    0.7296
    -0.0002 (-0.03%)
     
  • CRUDE OIL

    82.17
    -0.64 (-0.77%)
     
  • Bitcoin CAD

    86,730.60
    -2,402.55 (-2.70%)
     
  • CMC Crypto 200

    1,371.70
    -10.87 (-0.79%)
     
  • GOLD FUTURES

    2,346.60
    +8.20 (+0.35%)
     
  • RUSSELL 2000

    1,964.78
    -30.65 (-1.54%)
     
  • 10-Yr Bond

    4.7140
    +0.0620 (+1.33%)
     
  • NASDAQ

    15,452.67
    -260.08 (-1.66%)
     
  • VOLATILITY

    17.15
    +1.18 (+7.39%)
     
  • FTSE

    8,060.94
    +20.56 (+0.26%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6810
    -0.0009 (-0.13%)
     

Will This Be the Year Jumia Becomes "The Next Mercadolibre"?

You can forgive investors for getting excited. After watching Amazon (NASDAQ: AMZN) become the king of e-commerce in North America, many took what they saw and applied it abroad. So when e-commerce companies like Mercadolibre (NASDAQ: MELI) and Sea Limited (NYSE: SE) cropped up in Latin America and Southeast Asia -- and returned 4,400% and 1,200%, respectively, since going public -- it seemed like a sure blueprint for success.