Meituan's food delivery service Keeta enters the Brazilian market with plans to invest 1 billion US dollars within 5 years.

On May 13th, it was learned from Meituan that at the "China-Brazil Business Seminar" held on May 12th, Brazilian President Lula met with Meituan's founder and CEO Wang Xing and witnessed the signing of an investment agreement. Meituan will officially introduce its food delivery service Keeta to Brazil in the coming months, and plans to invest 1 billion US dollars in Brazil to support the development of this project within 5 years.