MercadoLibre to invest over $700 million in Brazil as coronavirus boosts e-commerce

MercadoLibre to invest over $700 million in Brazil as coronavirus boosts e-commerce

4 years ago
Anonymous $pSba0tWIcA

https://www.reuters.com/article/us-mercadolibre-brazil/mercadolibre-to-invest-over-700-million-in-brazil-as-coronavirus-boosts-e-commerce-idUSKBN22H33A

Latin American e-commerce company MercadoLibre is one of the few firms not scaling back spending amid the coronavirus pandemic and plans to move forward with a planned 4 billion reais ($717 million) investment in Brazil this year, an executive told Reuters on Tuesday.