Tag: Market Exit
Singapore – Burda Media has sold BurdaLuxury, its Southeast Asia media business, to Singapore-based investment firm Jaipur Capital, with the transaction effective 31 March 2026. The deal covers Burda’s media operations in Thailand, India, Singapore, Malaysia, and Hong Kong. Jaipur Capital, a regional...
Singapore – DoorDash will wind down Deliveroo operations in Singapore as part of a strategic decision to exit four markets and refocus investment on regions with stronger long-term growth prospects. DoorDash said the withdrawal from Singapore—alongside Japan, Qatar, and Uzbekistan—follows a multi-month...
Despite this, Delivery Hero will continue concentrating efforts in other parts of APAC where the group sees greater return.
In a recent disclosure, Deliveroo has confirmed the Hong Kong exit, and is selling several of its corporate assets to rival platform foodpanda, while the rest of the assets will be closed.
Milksha took to Facebook and Instagram with a sudden announcement, bidding farewell on New Year’s Eve with the post saying that it was Milksha’s last operating day in Singapore.
In a blog post by Twitch CEO Dan Clancy, he stated that they have put a lot of effort into finding ways to continue operating in the country by reducing costs. It is worth noting that the platform tried experimenting with peer-to-peer (P2P) livestreaming, as well as reducing the maximum video quality...
In a statement to MARKETECH APAC, a spokesperson for Flash Coffee said that the closure of its Singaporean presence was to focus more on its more promising markets.
Luno also added that they have also informed the Monetary Authority of Singapore of their intention to withdraw their license application to operate in the country.
