Thai lender Siam Commercial Bank Pcl on Tuesday said it would increase the services offered by its food delivery app Robinhood next year to include travel, parcel delivery and groceries in Southeast Asia's second-largest economy. Robinhood was launched last year https://www.reuters.com/article/siam-comm-bank-food-delivery-idUSKBN27B0LY amid surging demand for food delivery due to COVID-19 related lockdowns and now boasts around 2.3 million users and 26,000 riders who handle over 150,000 orders a day. Competition in Thailand's food delivery market intensified this year after Malaysia's AirAsia bought Indonesia's GoJek's business in Thailand https://www.reuters.com/business/malaysias-airasia-talks-buy-gojeks-thailand-business-nikkei-2021-07-07/%20and%20e-commerce%20platform and e-commerce platform Shopee, owned by Singapore's Sea Ltd , rolled out a local food delivery service.
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Sea Limited Sponsored ADR (SE) closed the most recent trading day at $360.60, moving -1.74% from the previous trading session.