Uber Eats takes over Foodpanda Taiwan – The deal is just the start

Delivery Hero is probably going nonetheless prepared to promote the seven East Asian nationwide firms as a result of they’re slowing down the group’s progress. “We have to pay attention our assets on different components of our world presence,” stated Niklas Östberg, justifying the Taiwan deal on Tuesday. “With declining market share and low money reserves, it’s tough to think about how Delivery Hero might survive in markets the place it isn’t a frontrunner,” Jianggan Li, founder and CEO of Momentum Works, a Singapore market researcher, advised web site DealStreetAsia. This additionally applies to Vietnam. There, two suppliers share the vast majority of the supply service market: According to Statista, Grab has a forty five p.c market share, and the Vietnamese app ShopeeFood has round 41 p.c.