finance
Ride-hailing company delays food delivery expansion in five markets
The company will not enter five of seven planned new markets this year. Officials cited a shift in priorities while pursuing another acquisition.
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A ride-hailing company said it will not launch food delivery services in five of seven planned European markets this year. The decision follows a change in strategy as the company pursues a takeover of another delivery platform.
Revised rollout schedule Two markets remain on track for launches this year.
The company did not name the markets or provide new target dates. A spokesperson said the move allows resources to focus on the acquisition process.
Market context The company had previously announced plans to expand food delivery across seven European countries. No further details on the remaining markets were released.
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CorroborationLimited · 2 sources
