US food delivery platform DoorDash has concluded the acquisition of UK rival Deliveroo in a court‑approved scheme of arrangement. The boards of the two companies agreed a final cash offer for all issued and to‑be‑issued ordinary shares in Deliveroo, a proposal that was recommended by Deliveroo’s Independent Committee. The transaction was implemented under Part 26 of the UK Companies Act. The merger with Deliveroo will bolster DoorDash's position as a global leader in local commerce. With the scheme eff ...

WASHINGTON (AP) — DoorDash has finalized its acquisition of the U.K. food delivery company Deliveroo, saying Thursday that the boards of both companies approved the nearly $4 billion deal announced earlier this year. Word of DoorDash's interest in Deliveroo began to circulate in April and the San Francisco company quickly confirmed that it had agreed to buy Deliveroo for $3.9 billion in cash. The deal, which was approved by a British court, will help DoorDash to expand its business in Europe, Asia and the ...

Asia Pacific Equity Research 24 September 2025 Thoughts on SAMR's consultation draft on food delivery industry regulation What happened China Food Delivery China's SAMR (State Administration for Market Regulation) has begun seeking public comment (link) on its consultation draft "Basic requirements for Management of Delivery Platform Services" which aims to establish a healthy, fair and transparent ecosystem for China's food delivery industry. More specifically, the consultation draft sets requirements for ...

Core Insights - Rapido, an Indian ride-hailing platform, has doubled its valuation to $2.3 billion following a secondary share sale by Swiggy, indicating strong market interest and growth potential [1][3] - Swiggy has sold its entire 12% stake in Rapido for ₹24 billion (approximately $270 million), with Prosus acquiring about 10% of the stake for ₹19.68 billion (around $222 million) and WestBridge Capital purchasing the remaining stake for ₹4.31 billion (about $49 million) [2] - The valuation increase reflects a significant rise from Rapido's previous valuation of $1.1 billion in September 2024, as confirmed by its CEO [3] Company Developments - Rapido has recently entered the food delivery market in Bengaluru through a pilot program operated by its subsidiary Ownly, marking a strategic move into a sector dominated by Swiggy and Zomato [4] - The partnership with Swiggy as a last-mile delivery provider has allowed Rapido to gain insights into customer demand and operational challenges faced by restaurants [5] - Swiggy had previously indicated a potential conflict of interest regarding its stake in Rapido due to Rapido's entry into food delivery, leading to the decision to sell its stake [6] Market Implications - The impact of Rapido's new food delivery business on established players like Swiggy and Zomato remains uncertain, as it is still early to assess the competitive dynamics [7]

Deliveroo CEO Will Shu went from grinding 100-hour weeks on Wall Street to creating a solution to London’s lack of late-night food delivery. More than a decade later, he’s walking away with nearly $250 million after turning his midnight cravings into a $4 billion DoorDash acquisition. From biking orders himself to battling a rocky IPO, Shu’s all-in approach has helped fuel his entrepreneurial mission. For Will Shu, food delivery is personal. As a former investment banker at JPMorgan in London, he was d ...

DoorDash TodayDASHDoorDash$259.25 -3.84 (-1.46%) 52-Week Range$130.32▼$278.15P/E Ratio144.03Price Target$268.76Add to WatchlistOver the past several years, consumer discretionary stock DoorDash NASDAQ: DASH has undoubtedly been one of the most impressive stories in the market. As of the Sept. 16 close, shares have achieved a staggering three-year return of approximately 308%. In a key development, DoorDash just recently extended its footprint further outside the United States. On Sept. 9, Reuters reported ...

Core Viewpoint - JD.com Inc's shares are declining despite a strong second-quarter earnings and revenue report, primarily due to rising costs associated with its new food delivery service overshadowing optimism from its acquisition of Ceconomy [1] Group 1: Stock Performance - JD.com shares fell 3.4% to $31.40, maintaining losses since April amid U.S.-China trade tensions [2] - Year-to-date, the stock is down 8% [2] Group 2: Options Trading Activity - Options traders are betting on a rebound, with activity at twice the usual intraday amount, including 71,000 calls and 23,000 puts exchanged [2] - The most active contracts are the August 33 and 32.50 calls, with new positions opening at the latter [2] Group 3: Analyst Sentiment - The call/put volume ratio for JD.com is 8.96, higher than 99% of readings from the past year, indicating strong bullish sentiment [3] - Of the 17 firms covering JD.com, 13 rate the stock as "buy" or better, while four recommend "hold" or worse [3]

Core Insights - JD.com is set to release its second-quarter 2025 results on August 14, with revenue expectations of $46.93 billion, reflecting a year-over-year growth of 17.03% [1] - The earnings consensus is at 50 cents per share, which has decreased by 27 cents over the past month, compared to $1.29 per share in the same quarter last year [1] Group 1: Earnings Performance - JD.com has consistently exceeded the Zacks Consensus Estimate for earnings in the last four quarters, with an average surprise of 21.89% [2] Group 2: Influencing Factors - The annual 618 Shopping Festival is anticipated to have bolstered revenue in electronics, home appliances, and general merchandise, supported by government trade-in subsidies [3] - The food delivery segment, nearing 20 million daily orders by the end of Q1, is expected to have contributed to top-line growth [3] Group 3: Profitability Challenges - Increased marketing expenditures due to the extended promotional period of the 618 festival may have pressured profitability in a competitive e-commerce environment [4] - Significant investments in AI technology and food delivery platform expansion are likely to impact operating margins negatively [4] - The focus on lower-tier markets, characterized by intense pricing pressure, may have further compressed margins despite volume increases [4] Group 4: Competitive Landscape - JD Health is facing heightened competition in the online pharmaceutical sector, while JD Logistics is incurring costs from automation upgrades and capacity expansion [5] - The overall Chinese consumer environment presents ongoing challenges, with macroeconomic headwinds potentially offsetting some benefits from government stimulus measures [5] Group 5: Earnings Outlook - The upcoming results are expected to reflect JD's challenges in balancing growth investments and competitive pressures against profitability targets, testing the sustainability of recent margin improvements amid economic uncertainty [6] Group 6: Earnings ESP and Zacks Rank - JD.com currently has an Earnings ESP of 0.00% and a Zacks Rank of 5 (Strong Sell), indicating a lower likelihood of an earnings beat [7]

Core Viewpoint - The phenomenon of "double standards" in dining, where restaurants offer different quality and quantity of food for dine-in and takeout, has raised significant concerns among consumers [1][2] Group 1: Industry Issues - Many restaurants are using fresh meat for dine-in while providing frozen meat for takeout, leading to discrepancies in food quality [1] - Takeout food often suffers from reduced portion sizes and quality, with bottled drinks priced nearly 50% higher for delivery compared to dine-in [1] - The unique nature of food delivery allows some businesses to take advantage of consumers, as the changes in food quality and portion are less noticeable during delivery [1] Group 2: Consumer Rights and Responsibilities - Consumers are encouraged to actively participate in market supervision and retain evidence such as order screenshots and food photos to support their claims [2] - The prevalence of "double standards" not only harms consumer rights but also undermines the overall credibility of the food service industry [2] Group 3: Recommendations for Improvement - Businesses should ensure transparency by clearly informing consumers about differences in portion sizes, ingredients, and preparation methods between dine-in and takeout [1] - Delivery platforms must take responsibility by enhancing merchant qualification checks and monitoring for abnormal pricing and false advertising [1] - A collaborative ecosystem involving consumers, merchants, delivery personnel, and platforms is essential for promoting a healthy and sustainable development of the food service industry [1]

Core Viewpoint - Uber Technologies has announced a stock repurchase authorization of up to an additional $20 billion, indicating confidence in its business strategy and enhancing shareholder value [1][9]. Financial Performance - In 2024, Uber generated a record $6.9 billion in free cash flow and an adjusted EBITDA of $6.5 billion, showcasing strong financial health [4][9]. - Uber's shares have gained 53.7% year-to-date, significantly outperforming the Zacks Internet-Services industry's 5.9% increase during the same period [7]. Stock Buyback Context - The new $20 billion buyback follows a previous $7 billion authorization in 2024, which was the first in the company's history [4][9]. - The accelerated $1.5 billion stock buyback program, part of the $7 billion initiative, was completed in the first quarter of 2025 [4]. Industry Comparisons - Lyft has increased its share repurchase program to $750 million, with $500 million planned for use within the next 12 months, reflecting strong cash flow generation of $993 million over the trailing 12 months [5]. - Grab announced a $500 million share buyback program in 2024 and has repurchased 126 million Class A ordinary shares for $499.6 million as of June 30, 2025, indicating a shareholder-friendly approach [6]. Valuation Metrics - Uber trades at a 12-month forward price-to-sales ratio of 3.5X, which is considered inexpensive compared to its industry [11]. - The Zacks Consensus Estimate for Uber's earnings for 2025 and 2026 has been revised upward over the past 90 days, indicating positive market sentiment [13].