MercadoLibre Taps Into Pharma and Food With Regional Pilots

MercadoLibre is experimenting with small pilot programs to develop ventures in industries like pharma and food delivery. This development emerges after Bloomberg first reported that Amazon had acquired a stake in Colombian delivery platform Rappi through a $25 million convertible note.

Martin de los Santos, Chief Financial Officer of MercadoLibre, discusses why pharmaceuticals have a chance to improve their low e-commerce penetration, as well as why food products create new revenue opportunities for the Latin American powerhouse due to the high frequency of purchases. Martin speaks with Katie Greifeld and Matt Miller on Bloomberg Businessweek Daily.

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