The company "Delivero" plans to close its business in Hong Kong due to declining sales volumes and increasing competition in the region, which hindered the international subsidiary of the company.
This decision was caused by a challenging business environment in Hong Kong, which led to reduced sales and worsening financial indicators of the company in the region.
The company is compelled to rethink its strategy in light of these changes and decided to close its operations in Hong Kong.
"We are making this decision in connection with the difficult decision to engage in business in Hong Kong and hope to focus on more promising markets," stated a company representative.
