Zhong Guo Jin Rong Xin Xi Wang·2025-08-22 07:38Core Insights - iFood partners with motorcycle rental platform Mottu to offer better rental conditions for delivery riders starting September, aiming to attract and retain more riders [1] - Riders can benefit from a deposit reduction of up to 20% and flexible policies upon signing or renewing contracts, with potential additional monthly earnings of up to 350 Brazilian Reais based on delivery volume [1] - iFood's rider count in Brazil has increased from 310,000 to 450,000 over the past year, while Mottu's motorcycle rental fleet has expanded from 70,000 to 130,000, with a future target of 1 million [1] Industry Developments - Chinese companies are accelerating their food delivery presence in Brazil, with Meituan approved to operate its delivery brand Keeta and planning to invest $1 billion over the next five years [1] - Didi is reviving its 99 Food delivery service, leveraging its large user base of 50 million and 700,000 motorcycle riders to capture a larger market share [1] - The Brazilian food delivery market is valued at approximately $12 billion, with an annual growth rate of around 20%, indicating intensifying competition as iFood, Meituan, and Didi expand their operations [2] Company Investments - iFood announced plans to invest 17 billion Brazilian Reais (approximately $3.5 billion) from April 2025 to March 2026 to enhance platform traffic, user engagement, and expand its operational team [2] - The company aims to hire 1,100 new employees in the coming year, with half of these positions in technology, increasing total staff to over 8,600 [2]