Delivery Hero to exit China amid “anything but sane” competition

Delivery Hero to exit China amid “anything but sane” competition

TechCrunch
Berlin-based Delivery Hero has built up a large network of online food ordering and delivery operations globally that was valued at over $3 billion as of its last fundraise, but it has now decided to call it quits in one of the biggest markets in the world. TechCrunch has learned, and now confirmed, that Delivery Hero is getting out of China after facing aggressive competition from local…
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