Food & Beverage

This rose from RMB2.07b, approximately US$318.7m, in the first half of 2020.

It estimated its performance to range between $50m loss and $60m profit.

This is thanks to the contained epidemic situation, as well as Hong Kong’s economic recovery.

The majority of whom will likely use their credit cards to top up.

This is up from $196m in 2020.

This was driven by increased productivity and cost management amongst others.

It set its offer price at $6.98 per share.

Total receipts for the first quarter have been estimated at $19.7b.

The government said the new social distancing measures would take effect from today, 29 April.

This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.

The declines narrowed from Q1 as social distancing measures eased.

People may now order food beginning 7:45AM on weekdays.

This new feature facilitates cross-district delivery from over 50 catering partners.

The feature will allow customers to roundup their bills and make financial donations.

The app also recently launched “PickUp” feature for users. Deliveroo has seen over 1,500 new restaurants join the platform since January, according to a press release. A 200% jump in restaurant sign ups was also seen in the past eight weeks, compared to the eight week period prior to this. In addition, Deliveroo also recently launched the “PickUp” feature enabling customers to order food ahead and pick up meals from restaurants saving customers’ time and money, and responds to the calls for more social distancing. The service also benefits restaurants by opening additional revenue streams, enabling restaurants to reach a new wave of customers. The PickUp feature allows people to order for collection from restaurants that may not provide delivery services, or order products that may not be suitable for delivery.  

Q4 marked the largest fall since the outbreak of SARS in Q2 2003.