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International Business Times UK
International Business Times UK
Teddy Cambosa

Deliveroo Abandons Hong Kong Market—Here's Why It's Betting Big On The UK Instead

Deliveroo Hong Kong United Kingdom Foodpanda Simon Lee Siupo GTV Ireland

British food delivery giant Deliveroo has announced its surprise exit from Hong Kong, ending nearly a decade of operations in the region. The company confirmed it will cease all business by 7 April, citing intensifying competition and a strategic shift towards more profitable markets such as the United Kingdom and Ireland.

Despite a strong revenue boost in 2024, Deliveroo has struggled to maintain its position in Hong Kong's crowded food delivery sector, ultimately leading to this decision.

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