(The Buenos Aires Times)
Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.
Latin American e-commerce powerhouse MercadoLibre Inc. is more than doubling its Brazilian investment this year, planning to deploy in 2021 the same amount it spent in the past four years combined.
The firm plans to pour a record 10 billion reais (US$1.8 billion) into Brazil in 2021, up from four billion reais last year, to be spent mostly on expanding its logistics network, said Commerce President Stelleo Tolda in an interview with Bloomberg News.
