JPMorgan notes that Sea Limited’s (SE) Shopee is increasing its take rate for items above R$80 starting on March 1 and has a “positive take” for MercadoLibre (MELI) on Shopee’s signaling moderation in competitive appetite. The firm, which now sees Shopee charging take rates very close to MercadoLibre, keeps a Neutral rating on MercadoLibre shares.
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