Mercadolibre Enters Market on Shigras Alliance

By
Thursday, November 30, 2000

Miami-based auction site Mercadolibre (www.mercadolibre.com) will become the auction channel for Ecuadorian online store Shigras (www.shigras.com) after the two companies signed an agreement on November 28, Mercadolibre announced.

"This is the first time that Mercadolibre has entered a country with a local online business, and the deal is Ecuador's first dotcom alliance," Shigras said in a statement, adding that the new service is available at www.mercadolibre-shigras.com.

Mercadolibre operates in Brazil, Argentina, Mexico, Uruguay, Colombia, Venezuela, Spain, the US, Chile and Ecuador.

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