Mercado Libre Investing $2.5 Billion to Bolster Growth in Mexico

Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023.The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported Friday (March 15).David Geisen, Mercado Libre’s Mexico country chief, outlined the company’s plan to bolster its eCommerce ...