UK-based online food delivery group Deliveroo will end operations in Hong Kong on April 7 after nine years of doing business in the Chinese territory and will, it says, sell some parts of the local operation to rival Berlin-based Delivery Hero’s Singapore-based Foodpanda delivery platform.

Other parts of the Hong Kong business will be shut down and about 200 staff members will be let go. Deliveroo couriers were encouraged to apply to Foodpanda for work.

Deliveroo Hong Kong has nominated liquidators, Cosimo Borrelli and Jocelyn Chi of Kroll, says Nick Price, the platform’s general manager, to manage the closure of the Hong Kong business and its assets in the most efficient way possible.

The platform cites financial reasons for the closure. “There are several dynamics specific to the Hong Kong market, it says in a statement, “which led the board to consider strategic options and, given the group’s commitment to disciplined capital allocation, determine that it would not serve shareholders' best interests to continue to operate in Hong Kong.”

In 2024, Hong Kong represented 5% of group gross transaction value ( GTV ), according to the platform, and had a 5-percentage-point negative impact on international GTV growth.