MercadoLibre to invest $11 billion in Brazil this year
Reuters03-25
<a href="https://laohu8.com/S/MELI">MercadoLibre</a> to invest $11 billion in Brazil this year
SAO PAULO, March 24 (Reuters) - E-commerce firm MercadoLibre MELI.O will invest 57 billion reais ($10.9 billion) in its main market Brazil this year, up 50% from 2025, it said on Tuesday.
MercadoLibre said the amount, which includes some operating costs and expenses, will be mainly used on logistics expansion, as well as to strengthen its e-commerce marketplace platform and to increase the credit portfolio of its fintech Mercado Pago.
($1 = 5.2546 reais)
(Reporting by Andre Romani; Editing by Kylie Madry)
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