Mercado Libre will invest 1,475 million dollars in Mexico in 2022

e-commerce company Free market plans to invest 1,475 million dollars in its operation in Mexico during 2022, revealed its director in Mexico, David Geisen, at a press conference.

These resources will be used above all to strengthen its logistics networkwith the beginning of the offer of its delivery service in one day in Puebla, Toluca and Pachuca; developing priority categories such as fashion and expanding the benefits of its digital portfolio Payment Market.

In total, the company has invested in Mexico 2,195 million pesos in Mexico in the last five years. This year, 67% of the total investment for this period will go to the country.

During 2021, the company had a growth of 96% in net income and 22% in products sold. Its credit vertical, Mercado Crédito, experienced a 530% growth in the origination of consumer loans.

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