March 2025 - Deliveroo Exits Hong Kong, Sells Assets to Foodpanda Amidst Rising Competition from KeeTa and Foodpanda

Deliveroo is leaving Hong Kong, selling some assets to Foodpanda (owned by Delivery Hero SE) and closing the rest. Competitors such as KeeTa (owned by Meituan) and Foodpanda played a significant role in its decision.