- December 1, 2021 / 3 min readLaunched in 2014 by Uber, it entered Hong Kong market five years ago to catch the fastest growing demand for online food ordering and delivery.
Online food ordering and delivery platform Uber Eats on Tuesday shared in an online statement that it is quitting Hong Kong market by the end of 2021.
Launched in 2014 by Uber, it entered Hong Kong market five years ago to catch the fastest growing demand for online food ordering and delivery.
“After five years of partnering with restaurants and delivery people in Hong Kong, we have made the difficult decision to discontinue Uber Eats in Hong Kong on 31 December 2021,” shared the statement by adding that their priority now is to support their employees, restaurant partners, delivery people and consumers in the transition. “We couldn’t have built what we did without their trust and hard work, and we thank them for their support for the platform,” it added as the company do not mentioned any particular reason for its exit.
According to data platform Measurable AI, Uber Eats managed only five percent market share compared with Deliveroo’s 44 percent and Foodpanda’s 51 percent.
“Whilst we wind down our delivery platform operations in Hong Kong, we are more committed than ever to growing our mobility platform in the city, which is home to our largest Uber Taxi business globally. We will keep investing and serve more riders and drivers in coming years by bringing the very best technology to Hong Kong,” it concluded.
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