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.

Deliveroo says it has nominated liquidators to manage closure of the business and the remainder of its assets.

British online food delivery company Deliveroo will pull out of the Hong Kong market in April 2025, after nine years.

It’s a sad day for everyone. Deliveroo, one of the biggest food delivery platforms in Hong Kong, has just announced that it will be exiting Hong Kong. Its last day of operations will be on April 7.

Hongkonger Tam Yuen has earned an average of HK$50,000 (US$6,435) per month from food deliveries alone, even as he has a full-time remote job. The motorcyclist, 40, said on Monday that he had been relying on Foodpanda and Meituan’s Keeta to supplement his income while witnessing trickling orders from Deliveroo Hong Kong,

Food delivery platform Deliveroo has announced that it will exit the Hong Kong market next month. From April 7 onwards, the on-demand delivery service will cease operations in the territories.