The 99 of the Chinese group Didi Global, will double the investments previously foreseen in the food delivery segment from Brazil to $ 2 billion until June next year, said the company’s director general, Simeng Wang, on Monday (15).
Speaking to journalists after a meeting with President Luiz Inacio Lula da Silva, in Brasilia, Wang pointed out that the decision to expand the resources invested in the country occurs after the success presented by the pilot projects of the 99food service in the cities of São Paulo and Goiânia.
“We reaffirmed our interest in investing in Brazil. We will invest $ 2 billion in this first year of 99food operation. This means that we are folding our investment in this sector,” said Wang.
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The company had announced in April the billionaire investment in the country, which seeks to resume the operations of the 99food platform, after the end of activities at the beginning of 2023 amid fierce competition in the sector.
The expansion of investments was confirmed by the government in a statement. The meeting with Lula included other executives, such as Didi’s executive, Will Cheng.
According to the director general, about R $ 50 million of resources will be directed to the installation of support points for company delivery, which should include new infrastructure in all capitals of the country and in the main markets of 99.
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99 will also seek the partnership of Yadea, a Chinese manufacturer of two -wheeled electric vehicles, to build a factory in Brazil to offer Brazilian delivery a vehicle of affordable and fuel economy.
The company announced in a statement a $ 6 billion financing program in credit for purchase and renting electric motorcycles, which could benefit 600,000 deliveryrs over the next 3 to 5 years.
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Wang also detailed the development of a vouchers program, together with the Ministry of Health, for patients to use the 99 application for free to go to medical consultations and surgeries in public hospitals.
According to the company’s statement, R $ 1 million will be donated to transport coupons to patients from the Unified Health System (SUS), with 43,000 vouchers to be distributed on the project pilot among 32 cities in the country.
But the arrival of 99Food, which should rival the IFOOD -Dutch Prosus Group Food Delivery Platform -should not find an easy market.
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IFOOD announced in August direct investments of R $ 17 billion in Brazil between April this year and March 2026, which contemplates, primarily, shares to boost traffic on the platform, increase the recurrence of application in the application and expand the company’s operations.
