BRAZIL'S TOP DELIVERY APP SUES MEITUAN OVER PRICING

The Brazilian subsidiary of Prosus accused Meituan of using artificially depressed prices to undercut competitors and consolidate market share. The complaint was filed with Brazil's antitrust regulator. Meituan, China's largest food delivery platform, has expanded aggressively into international markets in recent years. The company has grown its presence in Latin America, where it competes directly with established players like Prosus in the high-growth delivery sector. Prosus, a multinational tech investment company, operates several delivery services across Latin America and other regions. The complaint marks an escalation in competitive tensions between the companies as they battle for dominance in Brazil's lucrative delivery market. Brazil's antitrust authority will review the allegations as part of its ongoing oversight of market competition in the delivery sector.