Aterian Inc (NASDAQ:ATER) shares are gaining after the company entered into a partnership with the Latin American e-commerce platform MercadoLibre Inc (NASDAQ:MELI).
Aterian has begun selling select products on the Mercado Libre marketplace in Mexico.
Aterian is currently selling products from its home and kitchen category on Mercado Libre's Mexico marketplace. The company plans to add more products soon and expand its product portfolio and presence across all Mercado Libre marketplaces throughout Latin America.
"We are excited for the opportunity to partner with Mercado Libre to deliver value to its customers," said Aterian's Co-CEO Joseph Risico.
Aterian builds and acquires e-commerce brands with top selling consumer products, in multiple categories, including home and kitchen appliances, health and wellness and air quality devices.
Price Action: ATER shares are trading higher by 1.82% at $2.79 in premarket on the last check Tuesday.
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