Financial News
Written by: Kwong Yueting
2020-10-20 18:46
Last update date: 2020-10-20 18:46
As the epidemic gradually eased, more people went out to eat again, and the order volume of takeaway platforms turned from rising to falling.
Luo Jiacong, general manager of Deliveroo's Hong Kong region, believes that the order volume will always rise and fall. This is quite normal. Although the platform business has recently softened, I have seen many restaurants have "long queues" every day. Also very encouraging.
Some experts warned that the fourth wave of the epidemic would break out in Hong Kong in the winter. He believed that the epidemic would continue to repeat itself. Fortunately, the public has become accustomed to the new normal lifestyle.
Luo Jiacong continued that the Hong Kong government should now prepare for the next wave of epidemics and help small and medium-sized restaurants to tide over the difficulties, such as providing transitional allowances, loan remissions, subsidies for employees' salaries, etc. Otherwise, it is estimated that in the fourth wave of epidemics 20% of restaurants will close immediately.
Luo Jiacong said that Huhusong has not made new financing since it received a capital injection from the e-commerce giant Amazon.
(Photo by Kuang Yueting)
Expect grocery delivery services to account for 10% of the business in half a year
Huhusong announced the launch of a grocery delivery service last Thursday. Luo Jiacong explained that when consumers saw the epidemic increase in online shopping demand, he launched a delivery service for daily necessities in Hong Kong, delivering goods such as eggs, bread, milk and toothpaste. Brand cooperation, it is expected that after 6 to 12 months, life department stores will account for more than 10% of total revenue.
Earlier this month, British media "Sky News" quoted sources as saying that Huhusong plans to be listed in London next year and is expected to be valued at more than 2 billion pounds (about 20 billion Hong Kong dollars).
Luo Jiacong said that the company does not comment on market rumors, and that the company has not made new financing since it received a capital injection from the e-commerce giant Amazon.
This year, the household delivery plan will spend 50 million yuan to expand the number of small kitchens in the "shared kitchen" households. The Quarry Bay household small kitchen opened in April and the Kowloon Bay household small kitchen opened today (the fourth branch) ), each spent 10 million yuan.
Luo Jiacong did not disclose the actual number of stores opened, only that he will open a few more household kitchens, preferring to open stores in densely populated commercial and residential areas in Kowloon and the New Territories.
He believes that household chefs use a commission system to collect rent from restaurants. Restaurants generally only need to sign contracts for 6 to 12 months, which allows for greater freedom and reduces decoration expenses, allowing restaurants to expand operations at lower costs. In 3 months, the number of inquiries into household kitchens increased by 5 times.
7-Eleven and Marks & Spencer launch groceries delivery service
New crown pneumonia | Survey indicates that the food delivery industry brings 48,000 jobs to Hong Kong in the second quarter
Deliveroo is rumored to be listed in London next year with a valuation of more than HK$20 billion
deliveroo online delivery
