Welp, it’s official, all of the big retail local players in Brazil have reported awful earnings - Americanas: filling for bankruptcy - Marisa: filling for bankruptcy - Magalu: Worst ER since IPO - VIA: Awful ER $MELI was right on sticking to the business and not to M&A

$NU ROE on 40% is nothing short of amazing Don’t underrate this ER

@Invesquotes Wish you the same, my friend! We’ll catch up someday

@Invesquotes Congrats!

Starting from july, Brazilian Customs will pursue all Asian players selling cheap goods in Brazil There’ll be no more tax exemptions for products bought from outside the country (currently theres a US$ 50 exemption) Shein and $SE are expected to be heavily affected

Amazing how $MELI made 0 acquisitions at these prices, I actually like it, although I think they could win a lot from omnichannel by acquiring some smaller players

Brazilian Senate announced the government will create a special commission to analyze and sanction companies selling asian goods in Brazil The main argument is that $SE, $BABA, etc commit unfair competition to local players

$MELI just announced a record investment of US$ 6B in Brazil for 2023 The CFO also said they expect to maintain growth but show a higher margin for this year Lastly the CFO confirmed that Pago will surpass $MELI in revenue in 2024

Where is the money outflow from China going to most:

According to a consumer research conducted by NielsenIQ|Ebit in Brazil $MELI ranks in second when asked “the first e-commerce that pops to mind” $AMZN is the first one

$NU with a positive ER, net income is positive in an adjusted basis again which kind of sucks but estimates were beaten Important to say that almost all Brazilian Big Banks delivered awful earnings this Q (not only due to Americanas credit) So maybe $NU is still taking share?

$MELI resilience in the current fiscal and political noise in Brazil is remarkable I’d even say short term it’s a bit stretched here, since macro will probably get a bit worse Guess the ER will tell us what’s to come

$MELI took over Americanas sponsorship of Big Brother Brasil for this year’s edition (after Americanas meltdown) The show’s sponsorship is often called the Brazilian Super Bowl Ad Break, and it’s estimated to be around US$ 20 million

I haven’t seen $SE Shopee ads in Brazil for a while now…

Americanas was audited by PwC and other big 4s for the last 2 decades and still it’s now on section eleven due to fraud The problem is not in China or Latam, it’s in the institutions

Live look at what a US$ 4 billion error can do to your company in one day

@FromValue

Americanas now down 75% with trading withheld It’s gonna be acquired or go down imo (I hope $MELI stays away from it)

Looks like there’s cooked numbers in one of $MELI strongest competitors, Americanas This will get ugly

Happy new year’s to yall btw

$MELI considered the ultimate marketplace for last minute shopping on Christmas, 24h deliveries were being made on Christmas Eve Gaining more share in Brazil

Goldman Sachs released a report on Friday explaining the 100% upside the stock has in their analysis Great little piece to understand it https://t.co/1L6ZS5jx39