Deliveroo Exits Hong Kong Under Pressure From Meituan’s App

Deliveroo Plc will close its Hong Kong business after weak sales and mounting competition in the city weighed on the company’s international division.

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. The app will remain active in Hong Kong until April 7.