Free market increases betting in Brazil and will invest more than R $3 bi in 2020

After investing R $3 billion in Brazil in 2019, the free market will increase the stake in the country. According to Stelleo Tolda, director of operations in Brazil, told Bloomberg news agency, the e-commerce company "sure" will invest more than this value at 2020. The resources will be used to invest in your financial services unit and payments and in the opening of distribution centers and partnerships to reduce delivery times. Owner of 33% of e-commerce in the country, the free market wants to defend its position against the advancement of Amazon and local brands such as Magazine Luiza and B2W. According to Bloomberg, the paid market payment platform is currently the company's main growth locomotive. The number of transactions more than doubled in relation to the previous year in the second quarter, with a value increase of 47%, reaching US $6.5 billion. This compares to the US $3.4 billion in gross merchandise value of the marketplace, a kind of virtual electronic shopping mall.