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TECHNOLOGYJun 12 · 18:37 UTCTHE RIO TIMESLachlan Williams

Chinese Apps Take On Brazil Food-Delivery Giant in a Costly Fight

Chinese-backed apps Keeta and 99 are entering Brazil’s food-delivery market, challenging iFood, which holds 80% of a $20 billion market. Keeta’s owner has pledged $1 billion over five years, using lower fees and subsidies to attract restaurants. iFood has responded to the competition.

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