Deliveroo's exit from Hong Kong market follows intense competition from Keeta and its own financial losses in the city While food delivery platforms have become a staple of Hong Kong life in recent years,

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.

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