Mercado Libre founder Marcos Galperin announced the investment of US$75 million into the unicorn’s La Matanza distribution centre together with the creation of 2,300 jobs on the occasion of a presidential visit to his Saavedra offices. The investment will double storage facilities, thus reducing delivery times, the tycoon told a press conference, saying that he was thinking 10 years ahead. President Javier Milei’s visit was seen as a gesture of support for Galperin, who is embroiled in a legal battle with the competing Modo virtual wallet, created by Argentina’s main banks, suing it for “cartelisation.”
SOURCE: batimes.com.ar