BUENOS AIRES, April 9 (Reuters) - Latin American
e-commerce company MercadoLibre ( MELI ) plans to spend $2.6 billion in
Argentina this year, the company said on Wednesday.
The funds - a 53% boost from the year before - will go
toward logistics, marketing and technology, MercadoLibre ( MELI ) said in
a statement.
The online marketplace and financial technology firm is set
to hire 2,000 new employees in 2025, bringing its local
workforce to 14,000 workers.
MercadoLibre ( MELI ) has seen a boost in consumer spending from
Argentina as the economy recovers, an executive told media
outlet La Nacion.
"From last June, we've seen month-on-month growth in ticket
sizes of MercadoLibre's ( MELI ) sales, which is a good thermometer of
consumption," country manager Juan Martin de la Serna said.
On Tuesday, MercadoLibre's ( MELI ) Andean head, Alan Meyer
Frankfurt, said the company would boost spending in Colombia by
27% in 2025, to $470 million.