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MercadoLibre Inc, the Latin America e-commerce and payments juggernaut, is set to expand its investment in Mexico, with plans to allocate a record $2.5 billion towards boosting its business verticals. The investment will cover several aspects including warehouse space, logistics network, loans, salaries and technology, marking a substantial increase from the $1.6 billion spent in 2023. David Geisen, MercadoLibre’s Mexico country chief, highlighted the company's commitment to fueling growth and infrastructure in the region.