The E-commerce market continues to grow quickly. Investors looking to take advantage of this growth may consider investing in Shopify (NYSE:SHOP) or MercadoLibre (NASDAQ:MELI). Which stock is currently a better buy?.According to ReportLinker, the global e-commerce market is poised to increase in size to $10.87 trillion by 2025, demonstrating a CAGR of 29% during the forecast period. Consequently, e-commerce companies should capitalize on this growth.
With that being said, today I’ll analyze and compare two e-commerce stocks: Shopify Inc . (SHOP) and MercadoLibre, Inc. (MELI). Founded in 2004, SHOP is an Ottawa-based e-commerce company that provides a cloud-based commerce platform to merchants, allowing them to run their business in various sales channels.
Based in Buenos Aires, Argentina, MercadoLibre is an e-commerce company that offers its online e-commerce solutions for individuals and businesses primarily in Latin America. It owns and operates Mercado Libre, Mercado Pago, Mercado Shops and others.