MercadoLibre (Nasdaq: Meli), an e-commerce and classified company operating in 18 Latin American countries, has launched a new development center in Argentina — its second-largest market after Brazil.
The company has invested some $25 million U.S. in a new development center in Argentina’s capital, Buenos Aires. The center covers an area of 26,400 square meters and has the capacity to generate more than 2,000 jobs, according to a LinkedIn statement.
It is just one more investment reported by MercadoLibre in Latin America this year. In March, the company opened a distribution center near São Paulo, Brazil, to fight Amazon. In February, CEO Marcos Galperin announced plans to invest $300 million U.S. in Mexico — its third-largest market.
“We compete with the largest companies in the world, which never lost and offer resistance, we are perseverant and we will continue competing,” Galperin said during the center’s inauguration, which was also attended by Argentina’s President Mauricio Macri, El Clarín reported.