학술논문

MercadoLibre Is Betting Big on Mexico With Record $2.5 Billion Investment.
Document Type
Article
Source
Bloomberg.com. 3/15/2024, pN.PAG-N.PAG. 1p.
Subject
*Corporate vice-presidents
Language
Abstract
MercadoLibre, the Latin American e-commerce and payments company, plans to invest a record $2.5 billion in Mexico this year. The investment will be used to expand warehouse space, improve logistics, increase loans, pay salaries, and invest in marketing and technology. The company aims to boost its storage space and operate over 100 logistics centers by the end of the year. Mexico is becoming a larger part of MercadoLibre's business, accounting for more than 20% of revenue in 2023. Despite growing competition, the company remains optimistic and plans to continue growing its logistics, speed, and convenience. MercadoLibre is also planning to hire more employees in Mexico and expand its successes to other countries in the region. [Extracted from the article]

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