Argentinian firm aims to be the Amazon of South America

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21 May 2019 à 11h38

Updated on 27 May 2019 à 15h34

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Publication: 21 May 2019 à 11h38, Updated on 27 May 2019 à 15h34

Reading time: 1 minute

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Publication

21 May 2019 à 11h38

Updated on 27 May 2019 à 15h34

Reading time

1 minute

Publication: 21 May 2019 à 11h38, Updated on 27 May 2019 à 15h34

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The Buenos Aires-based online retailer Mercado Libre, which serves 18 countries, plans to spend US$2 billion on logistics, package delivery and payments infrastructure operations in 2019. This is far more than annual revenue. “We are focused on breaking apart two large industries: retail and the financial industry,” said C.F.O. Pedro Arnt in an interview with CFO Journal. “Shrinking margins are expected

as part of our growth strategy”. Many Latam customers without bank accounts or cr

…
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