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MercadoLibre to Boost Investment in Brazil by 48%

  • MercadoLibre plans to increase its investment in Brazil by 48%, from 23 billion reais in 2024 to 34 billion reais in 2025.
  • The company will focus its investment on logistics, technology, marketing, and increasing its staff in Brazil.
  • MercadoLibre recently announced plans to invest $3.4 billion in Mexico, its second largest market behind Brazil.
  • The company, with a market capitalization of $92 billion, aims to become the largest digital bank in Latin America.

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