Foodpanda Sees 'Very Large Opportunity' in Japan

Foodpanda is launching in Japan, seeing it as a major opportunity due to the early-stage food delivery market. The COVID-19 pandemic has accelerated interest in online food ordering, providing a boost to the business. Foodpanda is investing heavily in Japan, with plans to spend $20 million initially. The company is confident in its competitive strategy, focusing on affordability, convenience, and speed to attract customers. Despite challenges, Foodpanda aims to support restaurant partners and adapt to post-COVID changes.

What is the current stage of the food delivery market in Japan according to Foodpanda?

• Mature

• Declining

• Early-stage

• Saturated

How has the COVID-19 pandemic affected Foodpanda's business?

• It has led to a decline in new customers.

• It has had no impact on Foodpanda.

• It has opened up new customer demographics.

• It has caused Foodpanda to close operations in some countries.

What is Foodpanda's outlook for the post-COVID period?

• They foresee no change in consumer behavior.

• They plan to reduce their market presence.

• They expect a decline in online food ordering.

• They are optimistic about a shift towards contactless buying.

How much is Foodpanda investing in its expansion in Japan?

• 30 million

• 40 million

• 20 million

• 10 million

In which year was Foodpanda founded?

• 2014

• 2010

• 2016

• 2012

What is a key competitive strategy for Foodpanda in its markets?

• Reducing customer convenience

• Providing limited restaurant choices

• Ensuring fast delivery times

• Offering the highest prices

What is Foodpanda's approach to competition in the market?

• Eliminating competition

• Ignoring competition

• Embracing competition

• Avoiding competition