Deliveroo, a food delivery company like DoorDash or Uber Eats, is leaving Hong Kong! They had trouble competing with other companies offering super low prices. This decision shows how tough the food delivery business can be.
- Deliveroo couldn't keep up with competitors like Foodpanda and KeeTa.
- KeeTa used big discounts to win customers quickly.
- Deliveroo decided to focus on its business in other places.
| Fact | Number/Info |
|---|---|
| Deliveroo's Hong Kong business size | 5% of total sales |
| Deliveroo's share price change | Rose 1% |
| Delivery Hero's (Foodpanda's owner) share price change | Rose up to 3.4% |
| Deliveroo Hong Kong App Closure Date | April 7 |
