From this month will start operations in Ecuador the multinational e-commerce platform Free market. The announcement was made by the Minister of Production, Julio José Prado, on the afternoon of Friday, March 4, through his Twitter account.
Prado explained that the brand “will expand its payment platform, link entrepreneurs and SMEs to e-commerce and create a distribution center (warehouse)”.
In this regard, the The minister held a meeting this day with the directors of Mercado Libre in the region and its manager in Ecuador, Philippe Fossaert, as reported by the State portfolio with images of the meeting.
Mercado Libre was founded in August 1999 by the Argentine businessman Marcos Galperinwho is its current president.
According to a note from the digital media Bloomberg Línea, published on February 22, the Latin American e-commerce giant reported net income of $83.3 million during 2021after losses of $707,000 in 2020. In the fourth quarter of 2021 alone, turnover totaled $2.1 billion, which is equivalent to 73.9% more than the previous year. (I)
Source: Eluniverso
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