MercadoLibre to invest $5.8 billion in Brazil this year

SAO PAULO, April 7 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O plans to invest 34 billion reais ($5.8 billion) this year in its top market, Brazil, from 23 billion reais last year, local marketplace head Fernando Yunes said on Monday.

At an event with President Luiz Inacio Lula da Silva at one of the firm's distribution centers near Sao Paulo, Yunes also said the company will create about 14,000 jobs this year in Brazil, reaching more than 50,000 employees in the country by the end of the year.