MercadoLibre to invest $11 billion in Brazil this year

SAO PAULO, March 24 (Reuters) - E-commerce firm MercadoLibre MELI.O will invest 57 billion reais ($10.9 billion) in its main market Brazil this year, up 50% from 2025, it said on Tuesday.

MercadoLibre said the amount, which includes some operating costs and expenses, will be mainly used on logistics expansion, as well as to strengthen its e-commerce marketplace platform and to increase the credit portfolio of its fintech Mercado Pago.

($1 = 5.2546 reais)