Deliveroo to quit Hong Kong

UK's Deliveroo says quits Hong Kong market
Food delivery firm Deliveroo said Monday that it would end operations in Hong Kong next month after striking a deal with local competitor foodpanda. Deliveroo will close its operations by selling some assets to Singaporean firm foodpanda and by closing other assets,
Deliveroo bows out of Hong Kong, selling assets to rival Foodpanda
On-demand food delivery platform will shut on April 7; company cited tough competition and financial losses as reasons for closure.
Deliveroo called 'underappreciated' after quitting Hong Kong as rivals 'muscle it out'
Analysts at Panmure Liberum said Deliveroo's exit from Hong Kong was a "sensible" move as concerns the company could be pushed out of some international markets by better-funded rivals were "noise"
Deliveroo ‘underappreciated’ after Hong Kong exit
London broker Panmure Liberum has described takeaway giant Deliveroo as “underappreciated” after its Hong Kong exit. It added that concerns the company could be pushed out of other international markets by better-funded competitors were “noise”.
Deliveroo stock edges higher following Hong Kong exit
Deliveroo (OTC: DROOF) shares edged up 1% as the company announced its plan to exit the Hong Kong market, a move that is expected to support its free cash flow (F
UK food delivery firm Deliveroo to exit Hong Kong
(Reuters) -British meal delivery company Deliveroo said on Monday that it will exit its Hong Kong operations by selling some assets to Delivery Hero's foodpanda for an undisclosed amount, and by closing other assets.
Deliveroo to pull out of Hong Kong
British online food delivery company Deliveroo will pull out of the Hong Kong market next month, after nine years. It told customers it was unable to provide a “great service,” while a press release said continued operations in Hong Kong did not serve their shareholders.
Food delivery platform Deliveroo to exit Hong Kong market in April
Deliveroo says it has nominated liquidators to manage closure of the business and the remainder of its assets.
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