Mercado Livre targets new investment record in Brazil

The Argentinean group MercadoLibre is raising its focus on Latin America, with plans to reach a new investment record in Brazil by 2021. The company is disbursing a record R$ 4 billion ($714 mm) this year in Brazil and expects to surpass this mark in 2021. The plan is part of a broader effort to strengthen the logistics infrastructure where the Covid-19 pandemic drives online sales.

Source: Money Times