
It sent an email to its partners, saying: “To put better focus on service offerings via [the] Baemin platform, we have decided to shut down [the] entire Vietnammm service.”
Baemin Vietnam COO Nguyen Trung Thanh told DealStreetAsia that members of the Vietnammm team would be taking on new roles in Baemin’s operations.
Vietnammm, founded in 2011, was one of the earliest players to enter the Vietnamese food delivery scene and attracted a strong user base from expat communities in Hanoi and Ho Chi Minh City.
In 2015 it acquired competitor Foodpanda’s Vietnam operations from Rocket Internet. On its entry into Vietnam in May last year Baemin bought Vietnammm.
It is part of Woowa Brothers, a South Korean tech unicorn that was bought by DeliveryHero in a $4 billion deal announced last December.
Vietnam’s food delivery market is fiercely competitive, with the big names currently including GrabFood, Sea Group’s Now.vn from Singapore, and GoFood from Indonesian decacorn Gojek.
Other News
- Farmers in Hai Duong turn to e-commerce sites to sell produce
- Hai Duong raises total domestic cases to 1,585, with one more reported
- Vietnamese director becomes judge at Pune International Film Festival
- Campaign For Women s Smiles kicked off in Vietnam
- Hanoi stops social distancing requirement on public transport from March 8
Related News
LATEST CORPORATE NEWS
-
NHK WORLD-JAPAN Presents "3.11 – Ten Years On," a Collection of New and Encore Programs to Commemorate 10-Year Anniversary of the Largest Earthquake Ever Recorded in Japan
-
Galaxy Entertainment Group Continues Expansion with The Development of The Legendary Raffles at Galaxy Macau
-
AOC named as no.1 in Gaming Monitors worldwide in 2020
-
7-SELECT Collaborates with PABLO, the Cheese Tart Bakery from Japan, To Launch 5 Brand-New Cheese-Inspired Delights
-
4 in 5 Businesses Affirm That Workflow Automation Enhances Employees’ Work Rather Than Replace Them, But a Knowledge Gap Persists