Recent developments in the food delivery and tech sectors have taken a significant turn. Uber Technologies Inc. has decided to terminate its acquisition of Delivery Hero SE's food delivery business, Foodpanda, in Taiwan. This decision came in response to the rejection of the deal by the island’s antitrust authority, impacting not only the companies involved but also their shareholders.

Recently, it was announced that Deliveroo Plc made the decision to close its operations in Hong Kong. This decision was driven by weak sales and increasing competition in this dynamic market. This article explores the primary reasons behind this exit and the consequences for the food delivery market as well as its competitors.