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Deliveroo exits Hong Kong market by April 7, selling assets to Foodpanda due to losses.
UK-based food delivery company Deliveroo announced it will exit its Hong Kong operations by April 7, selling some assets to Foodpanda and closing others.
The decision comes after the company's Hong Kong business became loss-making, representing 5% of its overall transactions.
This move follows increased competition in the region, including from Chinese e-commerce giant Meituan's app, KeeTa.
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Deliveroo sale del mercado de Hong Kong el 7 de abril, vendiendo activos a Foodpanda debido a pérdidas.