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The pending merger between South Korea’s number one food-delivery app Baedal Minjok (Baemin), and Yogiyo, the industry’s second-largest player, has fuelled widespread concerns about monopolistic market behavior. In particular, recent changes to Baemin’s fee…
Recently, ride-hailing drivers have been losing income as more people stay at home and less people travel due to the public health crisis. Uber has recently started concentrating more of its services on food delivery as demand for this is growing. Drivers in…
Deliveroo has offered support for its Hong Kong restaurant partners as many of them are suffering from falling dine-in sales due to the coronavirus crisis. The company will reduce its commission rate for restaurant partners by 5 percent for a month, starting…
Australia’s food waste problem is getting worse, like meal delivery services fuel further waste. The nation’s total food waste bill is now $10.1 billion, up from $8.9 billion dollars in 2018, making it the highest in four years of data collected by the…
Chinese food-delivery website Meituan has closed three of its Ella Supermarkets in Jiangsu, almost halving its network of outlets. The business initiative, which sells fresh supermarket produce online for fast home delivery, has just four remaining locations…
India’s food ordering and delivery platform Swiggy Tuesday said it has launched ‘Swiggy Stores’ moving beyond its core food delivery segment to provide access to consumers items across multiple categories. The company will deliver from these stores “in…
Online restaurant guide and food ordering firm Zomato Monday said it is planning to convert 40 percent of its delivery fleet into power-assisted bikes in two years. Currently, the company has over 5,000 cyclists operating across 12 cities in India, with the…
Hong Kong food-delivery startup Plum has closed its Singapore operations. An email delivered to Plum’s customers read: “It is with great sorrow to announce that we are ceasing our operations in Singapore from 21st January. Plum would like to thank you for…
E-wallets, food-delivery and online shopping apps are offering a range of Tet (Lunar New Year Festival) promotions to widen their customer base. On January 21, e-wallet cashless payment platform MoMo experienced a temporary freeze of its network shortly after…
The National Restaurant Association of India (NRAI) on Tuesday said it has raised concerns over deep discounting and data masking by food ordering and delivery startups such as Swiggy, Zomato and Ola’s Foodpanda. According to a report, The restaurants’ body…
Woowa Brothers, the operator of the popular food delivery app Baedal Minjok, said Thursday that it succeeded in securing $320 million from major foreign investors including Sequoia Capital, famous for investing in leading tech companies such as Apple and…
Leading food ordering and delivery start-up Swiggy has raised US $1 billion (Rs 7,000 crore) venture funds from existing investors led by Naspers, to strengthen its technology and hire talent, it said on Thursday. “Swiggy will use the funds to bring more…
Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant player Grab in the small city-state. Both Go-Jek and Grab are…
Online restaurant guide and food ordering firm Zomato on Friday said it is expanding food delivery services to 100 cities over the next week. The company’s food delivery services are currently present across 93 cities and lists over 75,000 restaurants on the…
Last week, a sea of red filled the inside of a milk tea shop in Ho Chi Minh City instead of regular young customers usually found in such places. GoViet drivers were queuing up to purchase food ordered by customers over its online delivery app Go Food, which…
Technology and e-commerce trends are reshaping the global retail industry in profound ways, as the rise of online channels threatens to displace more traditional shopping experiences. However, Korea’s retail sector seems to be thriving in the face of this…
