Finance
UK food delivery firm Deliveroo to exit Hong Kong
Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 25, 2026
Deliveroo exits Hong Kong, selling assets to foodpanda. Loss-making operations led to this strategic decision, affecting 5% of transactions.
(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.
"There are several dynamics specific to the Hong Kong market which led the Board to consider strategic options and ... determine that it would not serve shareholders' best interests to continue to operate in Hong Kong," Deliveroo said in a statement.
The company's operations in Hong Kong were loss making and accounted for about 5% of overall transactions.
Deliveroo said it has nominated liquidators to close its Hong Kong businesses that it did not sell to foodpanda, and that its Hong Kong platform will remain live until April 7.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Mrigank Dhaniwala)
Deliveroo is exiting its Hong Kong operations due to several market dynamics that led the Board to determine it would not serve shareholders' best interests to continue operating there.
Deliveroo has nominated liquidators to close its Hong Kong businesses that were not sold to foodpanda, and its platform will remain live until April 7.
The company's operations in Hong Kong accounted for about 5% of overall transactions.
Deliveroo is selling some of its assets in Hong Kong to Delivery Hero's foodpanda for an undisclosed amount.
Deliveroo announced its exit from Hong Kong operations on Monday.
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