That's indeed a big news.
MercadoLibre.com (literally "free market" in Spanish) or MercadoLivre in Portuguese (Brazil, Portugal) is an Argentine online marketplace dedicated to e-commerce and online auctions. eBay is the largest common stocks owner in MercadoLibre, with 18.40% of total common stocks. eBay entered into a strategic alliance with MercadoLibre in September 2001. MercadoLibre is Latin America's number-one e-commerce site.[citation needed] It is currently present in Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Ecuador, Peru, Panama, Portugal, Uruguay and Venezuela.
https://en.wikipedia.org/wiki/MercadoLibre.comThat could help them expand globally to international markets, if that's what they aim at all. As for now there's not even English version available.