MercadoLibre to invest record $2.45 billion in Mexico during 2024
March 14, 2024 at 04:21 pm
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MEXICO CITY, March 14 (Reuters) - Latin American
e-commerce giant MercadoLibre will invest $2.45 billion
in Mexico during 2024, a 45% hike from the year before and the
highest commitment for the country, the company said on
Thursday.
The investment will be mainly directed towards boosting
technology and logistic solutions, said David Geisen, the
company's Mexico head.
(Reporting by Diego Ore; Writing by Valentine Hilaire; Editing
by Kylie Madry)
MercadoLibre, Inc. is the leading online marketplace in Latin America. The group operates an IT platform enabling individuals and professionals to carry out their purchasing and selling transactions for goods and services. The activity is organized around 5 areas:
- operation of online trading platforms;
- online payment services: services provided through the MercadoPago platform;
- shipping services: services provided through the MercadoEnvios platform;
- development of classified ad sites;
- other: e-commerce software development, advertising services, etc.
Net sales are distributed geographically as follows: Brazil (53.8%), Argentina (23.7%), Mexico (17.7%) and other (4.8%).