Delivery Hero to exit Thailand

FILE PHOTO: Cyclists drive past an advertisement promoting the grocery delivery company "foodpanda", in Berlin, Germany, August 13, 2021. Picture taken August 13, 2021. REUTERS/Christian Mang/File Photo

(Reuters) - Delivery Hero's Asia-based business foodpanda is to stop operating its platform in Thailand on May 23, the German food delivery firm said on Wednesday.

"Delivery Hero will continue concentrating efforts in other parts of APAC where the Group sees greater return," the firm added.

The company's regional team, which is based in Thailand, will continue operations as usual, the company said.

(Reporting by Tristan Veyet in Gdansk, editing by Miranda Murray)