Deliveroo closes lossmaking Hong Kong business after nine years
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Deliveroo is exiting the Hong Kong market after nine years due to continued losses, despite the region contributing 5% to its gross transaction value.
March 10, 2025 | 8:00 am
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Deliveroo is closing its Hong Kong operations after nine years due to persistent losses, despite the region contributing 5% to its gross transaction value.
The closure of the Hong Kong business indicates a strategic shift to focus on more profitable markets. This could lead to short-term negative sentiment as the market adjusts to the loss of a region contributing 5% to gross transaction value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100