Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded U.S./European delivery apps — DoorDash, Delivery Hero, Just Eat Takeaway and Deliveroo — are trading...
Uber is acquiring Delivery Hero’s foodpanda delivery business in Taiwan for $950 million. The deal, announced Tuesday (May 14), is expected to close in the first half of next year and comes as Delivery Hero has been looking to reduce its operations in Asia. “Due to its existing presence in Taiwan,...
A now-abandoned deal between two food delivery giants got the attention of Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said Monday (April 1) that it opened an investigation into Singapore-based delivery/ride-hailing giant Grab Holdings’ plans to acquire Delivery Hero’s business in Southeast Asia. “At the time, CCCS...
Delivery Hero has ended discussions to sell its foodpanda business in Southeast Asia. The Berlin-based food delivery platform announced Wednesday (Feb. 21) that it had terminated negotiation for the deal, which would have covered Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos. According to an announcement on...
January 10, 2022
The connected economy is a hyper-competitive battlefield — no matter where you look. In some countries and regions where super apps are gaining ground, some strategic re-positioning by platform giants gives an indication of just how competitive things are getting. To that end, March 7 looms as a red-letter day for platforms in the region. […]
July 08, 2024
Germany’s Delivery Hero says it may face a “significant” fine over alleged antitrust violations. The online delivery service warned of the potential $433 million fine on a statement on its website Sunday (July 7). The fine would be “for alleged anti-competitive agreement to share national markets, exchanges of commercially sensitive information and no-poach agreements,” Delivery Hero said. The company […]
May 29, 2024
Food delivery platforms have reportedly seen more than $20 billion in losses since going public. As the Financial Times (FT) reported Wednesday (May 29), shares in the four biggest, publicly-traded...
May 14, 2024
Uber is acquiring Delivery Hero’s foodpanda delivery business in Taiwan for $950 million. The deal, announced Tuesday (May 14), is expected to close in the first half of next year and comes as Delivery Hero has...
April 01, 2024
A now-abandoned deal between two food delivery giants got the attention of Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said Monday (April 1) that it opened an investigation into Singapore-based...
