10:28 AM EST, 03/07/2025 (MT Newswires) -- MercadoLibre ( MELI ) plans to invest $3.4 billion in Mexico in 2025, up 38% from 2024, Reuters reported Friday, citing a company executive.

The spending will primarily support existing operations, the executive said speaking at Mexican President Claudia Sheinbaum's daily morning press conference, according to the report.

The company also plans to create more 10,000 new jobs in Mexico in sectors including logistics, financial technology and administration, the report said.

MercadoLibre ( MELI ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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