By Inside Retail Asia
Food delivery platform Uber Eats is set to exit Hong Kong by the end of this year after five years of operation in the territory.
The reason for the shut down, however, has not been disclosed.
“Our priority now is to support our employees, restaurant partners, delivery people and consumers in the transition,” the company said in a statement.
“We couldn’t have built what we did without their trust and hard work, and we thank them for their support for the platform.”
The food delivery service entered Hong Kong in 2016, where the market was already dominated by FoodPanda and Deliveroo. According to analytics platform App Annie, as of last April Uber Eats only had 289,400 active users in the city, while its rival FoodPanda led the market with 1.27 million users, followed by Deliveroo with 625,300.
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