Here are two stocks that have models similar to Ebay - GMKT (G-Market) and MELI (MercadoLibre).
GMKT is based in South Korea. This company's model is more similar to Amazon than Ebay but they don't store the inventory itself. They sell varied products ranging from clothes, electronics, accessories and recently started selling persihables like meat, vegetables and fruits. They have been planning to luanch a Japanese site, which might happen some time during the 2nd half of this year.
MELI currently operates in Brazil and Argentina the largest countries in South America. It's model is very similar to Ebay. MELI is growing at an explosive rate, and it is probably easier for them to expand to the rest of South America.
Because of that MELI trades at a much higher multiple than GMKT. I am invested in both the stocks and will continue to do that unless something dramatic happens.
What are your thoughts? Please post your comments.
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