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Swiggy, one of India’s leading online food delivery platforms, has reported a near-doubling of its quarterly loss compared to the same period last year. This increase in losses is attributed to a significant rise in marketing expenditures aimed at securing a…
In the midst of a fierce food delivery war, China’s major players—Alibaba Group, Meituan, and JD.com—are locked in a high-stakes competition to capture consumer spending in the world’s largest economy. The stakes have just risen as JD.com recently amplified…
In a significant shift within its operational strategy, Alibaba Group has announced plans to merge its food delivery service Ele.me and online travel platform Fliggy into its China e-commerce business segment. This development, revealed by CEO Eddie Wu in an…
Delivery startup Loship is confident it will make profits this year, something most of its competitors have yet to achieve. Nguyen Hoang Trung, CEO of one of only two delivery startups in Vietnam said that Loship suffers “very little” loss. Last year its…
Social media-based food-ordering platform Gobble has shut down in Singapore after more than 18 months of operations. The company’s founders announced the closure on their LinkedIn page. One of them, Ashwin Purushottam, cited the company’s inability to raise…
Airasia’s food delivery ambitions seem to have halted in Singapore. The brand’s web-based platform informed users that addresses within Singapore were outside its coverage area. This was the case for 12 consecutive days from 20 December 2022 to 31 December…
hai food delivery app Lineman Wongnai on Monday said it has raised US$265 million from Singapore’s GIC, PTT Oil and Retail Business, Taiwan Mobile, and other investors. The startup said the investment round puts the company’s value at over US$1 billion,…
Uber Technologies on Monday said it launched pilot food delivery services with autonomous vehicles in two California cities, and said it was adding electric vehicle charging stations into its global driver app. The announcements are part of Uber’s annual…
The top brass of food delivery app Zomato are set to come together on the 17th of June to pen to paper and make the acquisition of Indian based start-up company Blinkit officially complete. The deal is set to be of a stock exchange type at a ratio of 1:10…
Food delivery giant Uber Eats revealed on Tuesday it would wind down its Hong Kong operations by year’s end after seeing slower-than-expected growth. “Uber Eats has unfortunately not grown as expected in Hong Kong,” the company said in response to a Post…
Launched amid the Covid-19 pandemic, GoCar is one of two big products Gojek planned to introduce this year to complete its golden triangle in Vietnam, including transportation, food delivery and payment. Phung Tuan Duc, Gojek Vietnam GM shared stories behind…
Uber CEO, Dara Khosrowshahi, delivered food to people’s doorstep in San Francisco for those ordering from Uber Eats. He completed 10 trips and managed to rake in $98.91. He tweeted about this from his personal handle saying “Spent a few hours delivering for…
Uber Technologies Inc on Wednesday posted a narrower loss as its ride-hail and delivery businesses rebounded slightly from pandemic lows, and the company said it was well on track to reach its goal of achieving an adjusted profit by year-end. Uber said…
Joining the market later than competitors, Baemin, a food delivery application of South Korean unicorn Woowa Brothers, concentrates on rider training and supporting food stores. Tuan, 28, from HCMC, is on his way to the headquarter of Baemin in District 3 to…
Food-delivery service Foodpanda is to launch in Japan, its 12th market in Asia. During the first phase of the launch, Foodpanda will roll out its service in six cities, including Nagoya, Sapporo, and Hiroshima. The move is part of Foodpanda’s strategy to…
Taiwan foodservice sales have slumped by 21 percent year on year due to the coronavirus pandemic. Ministry of Economic Affairs data revealed total F&B sales of NT$51.9 billion (US$1.73 billion) this year across the territory, the steepest decline since…
