Deliveroo Announces Exit from Hong Kong After Nine Years

The decision follows sustained financial losses and intense competition from rivals like Meituan's KeeTa and Foodpanda.

Deliveroo will cease operations in Hong Kong on April 7, marking the end of its nine-year presence in the market.
The company cited weak sales and fierce competition from rivals, including Meituan's KeeTa and Foodpanda, as key reasons for its exit.
Some of Deliveroo's Hong Kong assets will be sold to Foodpanda, while the rest will be liquidated.
Deliveroo accounted for only 5% of its global gross transaction value, and its Hong Kong operations were unprofitable.
The move reflects broader consolidation trends in the food delivery industry as companies face post-pandemic growth challenges.