Key Facts
—The filing. iFood, Brazil’s dominant food-delivery app, asked the antitrust regulator Cade on Monday, June 29 to investigate two Chinese-backed rivals.
—The targets. They are 99Food, owned by ride-hailing group DiDi, and Keeta, the overseas brand of China’s delivery giant Meituan.
—The charge. iFood claims the two run deep discounts and absorb losses for long stretches, propped up by cheap capital tied to Chinese state expansion policy.
—The twist. iFood is itself the firm Cade disciplined in 2023 for locking restaurants into exclusive deals, so the accuser was recently the accused.
