Technology

MercadoLibre to launch its fifth technology center in Latin America

After Argentina, Brazil, Uruguay and Chile, it is Colombia's turn to receive this type of investment from the e-commerce giant, something that should generate up to 200 jobs in Bogotá

Photo: Casimiro PT/Shutterstock
  • As pointed out by the news agency, in February, Mercado Libre said it would invest $420 million this year in Mexico, its fastest-growing market;
  • At the same time, the coronavirus pandemic made the company reviewed its $730 million plan for Brazil.

The Latin American e-commerce company Mercado Libre will open a new technology and innovation center in Bogotá, Colombia, this year. The announcement, reported by Reuters and the newspaper La República, also means that the company will open 200 new jobs to the Andean country.

This will be the fifth Mercado Libre’s center. The company has tech structures providing e-commerce and fintech services in Argentina, Brazil, Uruguay, and Chile.

READ ALSO: Mercado Libre to slash investments despite growth during pandemic

“We will open our first IT center in the country which will become the nucleus and motor to drive Mercado Libre’s technological capacities in Latin America,” the company’s regional director for the Andes, Jaime Ramirez, told Reuters. In total, Mercado Libre expects to open 1,000 jobs in Latin America in 2020.

READ ALSO: For Mercado Libre founder, Argentina is a world champion in changing the game rules

As pointed out by the news agency, in February, Mercado Libre said it would invest $420 million this year in Mexico, its fastest-growing market. At the same time, the coronavirus pandemic made the company reviewed its $730 million plan for Brazil. In April, the company’s executive vice president, Stelleo Tolda, told the news portal Terra, that the resources that would be used to promote the group’s digital wallet, Mercado Pago, were threatened.