Naspers willing to sell down R71bn stake in China’s Meituan
Chinese company says it is preparing to launch its food delivery service in Brazil, a market in which the JSE-listed group is already dominant
24 June 2025 - 07:54
Naspers is prepared to sell down its R71bn stake in the world’s largest food delivery company following moves by China’s Meituan to enter Brazil, a market in which the JSE-listed group is already dominant.
In May, Chinese technology and delivery giant Meituan said it was preparing to launch its food delivery service, Keeta, in Brazil. The company plans to invest $1bn (R17.78) over the next five years to establish and expand its operations in the country. This expansion marks Meituan’s entry into the South American market...
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