Mercado Libre to invest US$750 million in São Paulo, generating 5,000 jobs

Of the 5,000 Mercado Libre jobs available in São Paulo, 4,100 will be in logistics, 450 in technology, and 450 in other areas.

RIO DE JANEIRO, BRAZIL - São Paulo Governor João Doria on Monday, May 17, announced a partnership between the state government and Mercado Libre (MELI34) for professionalization and job creation.

The company will invest R$4 billion (US$750 million) and will generate 5,000 jobs in the state of São Paulo by the end of 2021. The announcement was made during an event in Cajamar, in one of Mercado Libre's points of operation.

The retailer had announced a R$10 billion investment in Brazil earlier this year, and now disclosed that part of this amount will . . .

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