Market Chatter: Chinese Ride-Hailing Firm Didi to Raise Investment in Brazil to 2 Billion Reais in 2026 Amid Expansion Plans

MT Newswires Live

09/19

China's Didi committed to double its investment to 2 billion Brazilian reais in Brazil's food delivery operations by June 2026 as it seeks to expand its market in Latin America, Nikkei Asia reported Friday, citing a news release from the Brazilian government.

The increase in investment was announced after the ride-hailing company's chairman, Will Cheng Wei, met with the country's president, Luiz Inacio Lula da Silva, the report said.

Didi, which faces stringent competition in China, also plans to expand its reach through the 99Food platform to 20 Brazilian cities by January 2026. The platform was set up in April this year, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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