honestbee halts services in HK and Indonesia; layoffs to hit 10 per cent
Add BT as a preferred source
Sharanya Pillai
Singapore
IN A marked escalation of its woes, grocery delivery startup honestbee has stopped its services in Hong Kong and Indonesia as well as its food vertical in Thailand. The move is part of an ongoing strategic review, the company announced in a statement on Tuesday.
Layoffs at honestbee will also hit 10 per cent of its global headcount. Earlier on April 23, the startup had put this figure at 6 per cent of its total workforce.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
As luxury retail goes big, can Singapore’s Orchard Road keep up?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
