According to the company, the operation in Mexico had the highest revenue in Q4 2021, up by 33% in sales volume. So far, Mercado Libre has invested USD 2.1 billion in Mexico in the past five years.
The new capital infusion will be used to innovate technology, boost logistic operations, as well as develop other categories in the online market, including supermarkets and apparel.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now