Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
British food delivery giant Deliveroo has announced it will exit its Hong Kong operations by selling certain assets to Delivery Hero's foodpanda. The deal, valued at an undisclosed amount, marks the end of Deliveroo’s presence in the region. The company will also close other assets in Hong Kong.
In a statement, Deliveroo explained that several factors specific to the Hong Kong market led the company to make this decision. Despite efforts to expand, its Hong Kong operations were consistently loss-making and accounted for only about 5% of the company's global transactions.
Deliveroo has appointed liquidators to wind up its remaining Hong Kong businesses that were not sold to foodpanda. The platform will continue operating until April 7, allowing users to complete any outstanding orders before the closure.
The move reflects broader challenges faced by international food delivery companies in Hong Kong, as competition intensifies and market conditions become more difficult. Deliveroo's exit from the city highlights the ongoing strategic adjustments these companies must make to align with profitable markets.
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On May 16, 2025, Tirana, Albania, hosts the sixth European Political Community (EPC) Summit. Under the theme "A New Europe in a New World: Unity – Cooperation
A car accident outside RCDE Stadium in Barcelona resulted in 13 injuries just before the La Liga match between RCD Espanyol and FC Barcelona. Authorities confirmed the incident was accidental, and the driver has been arrested on suspicion of dangerous driving.
Syria has entered into an $800 million memorandum of understanding (MoU) with Dubai World to develop, manage, and operate a multi-purpose terminal at the port of Tartous, marking a significant shift in the nation's maritime infrastructure strategy.
On May 19, London and Brussels are set to kick off their first annual summit, prioritizing a new UK–EU defense and security pact even as negotiations continue with Washington over tariff relief on British steel, cars and aerospace components.
Archer Aviation’s four‑seat “Midnight” electric air taxi will shuttle fans, VIPs and support teams between major LA28 venues—SoFi Stadium, the Coliseum, LAX and more—in 10–20 minute hops, marking the first use of eVTOLs at any Olympic Games.
On May 16, 2025, Tirana, Albania, hosts the sixth European Political Community (EPC) Summit. Under the theme "A New Europe in a New World: Unity – Cooperation
A car accident outside RCDE Stadium in Barcelona resulted in 13 injuries just before the La Liga match between RCD Espanyol and FC Barcelona. Authorities confirmed the incident was accidental, and the driver has been arrested on suspicion of dangerous driving.
Syria has entered into an $800 million memorandum of understanding (MoU) with Dubai World to develop, manage, and operate a multi-purpose terminal at the port of Tartous, marking a significant shift in the nation's maritime infrastructure strategy.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
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On May 19, London and Brussels are set to kick off their first annual summit, prioritizing a new UK–EU defense and security pact even as negotiations continue with Washington over tariff relief on British steel, cars and aerospace components.
Archer Aviation’s four‑seat “Midnight” electric air taxi will shuttle fans, VIPs and support teams between major LA28 venues—SoFi Stadium, the Coliseum, LAX and more—in 10–20 minute hops, marking the first use of eVTOLs at any Olympic Games.
On May 16, 2025, Tirana, Albania, hosts the sixth European Political Community (EPC) Summit. Under the theme "A New Europe in a New World: Unity – Cooperation
A car accident outside RCDE Stadium in Barcelona resulted in 13 injuries just before the La Liga match between RCD Espanyol and FC Barcelona. Authorities confirmed the incident was accidental, and the driver has been arrested on suspicion of dangerous driving.
Syria has entered into an $800 million memorandum of understanding (MoU) with Dubai World to develop, manage, and operate a multi-purpose terminal at the port of Tartous, marking a significant shift in the nation's maritime infrastructure strategy.
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