Deliveroo has also noted that it will be selling part of its assets to foodpanda, a rival food delivery platform gaining more traction in the local market.

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.

Food delivery firm Deliveroo said Monday that it would end operations in Hong Kong next month after striking a deal with local competitor foodpanda. Deliveroo will close its operations by selling some assets to Singaporean firm foodpanda and by closing other assets,

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

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.

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.

The London-based delivery company will sell some assets to rival Foodpanda, owned by Delivery Hero SE, and close other assets, it said in a statement on Monday.

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,