Mercado Livre will invest US$3.6 billion in Brazil by 2023

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Latin America’s largest e-commerce company, Mercado Livre, announced investments of R$19 billion (US$3.6 billion) in Brazil in 2023, an increase of 11.5% compared to the investments made in 2022 in the country.

The growth in investments is due because Brazil being the Argentine company’s primary market.

In 2022, the country represented 54% of Mercado Livre‘s net revenue.

There were an impressive 40 sales . . .

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