DoorDash Boosts Global Presence with Major Acquisitions

Published 19 hours agoDASH

DoorDash Boosts Global Presence with Major Acquisitions

DoorDash, led by CEO Tony Xu, has taken a significant step to expand its global reach with the announced acquisitions of UK-based Deliveroo and hospitality software firm SevenRooms. In May 2025, DoorDash agreed to purchase Deliveroo for £2.9 billion, equivalent to $3.9 billion, in a deal that offers a 29% premium over Deliveroo's previous share price. As reported by AP News, this acquisition bolsters DoorDash's presence in Europe, Asia, and the Middle East.

In addition to the Deliveroo deal, DoorDash is set to acquire SevenRooms for $1.2 billion. This acquisition aims to enhance DoorDash's restaurant services and solidify its standing in the food delivery market. By integrating SevenRooms' software capabilities, DoorDash seeks to offer more comprehensive solutions to restaurants and improve its service offerings.

These strategic moves mark DoorDash's most significant acquisitions since its purchase of Wolt Enterprises in 2022, according to Reuters. The company's aggressive expansion into new markets aims to fortify its position against competitors such as Just Eat and Uber Eats. By broadening its international footprint, DoorDash continues to consolidate the food delivery industry under Tony Xu's leadership.

Share this article

Twitter Facebook LinkedIn

Recent Articles

XPeng's Consistent Vehicle Deliveries Highlight Robust Growth

XPeng's Consistent Vehicle Deliveries Highlight Robust Growth

1 hours agoXPEV

XPeng Inc. has been on a remarkable streak, delivering over 30,000 vehicles each month for the past seven months. February 2025 saw the company deliver 30,453 vehicles—a staggering 570% increase compared to the previous year. This trend was further strengthened in March 2025, with XPeng announcing deliveries of 33,205 vehicles, as reported by cnevpost.com. The upward trajectory continued into April 2025, as XPeng delivered 35,045 vehicles. This marked the sixth consecutive month of exceeding 30,000 units, showcasing the company's robust market presence and increasing demand for its electric vehicles. In May 2025, deliveries once again surpassed the 30,000 milestone, solidifying a seven-month streak above this significant threshold. XPeng's success in vehicle delivery coincides with its stable stock performance on the USA market, where it trades under the ticker XPEV. As of the latest updates, XPeng's stock was priced at $19.31, showing a minor decline of $0.04% from its previous close. With an intraday high of $19.73 and a low of $19.1, the company's consistent deliveries continue to play a pivotal role in its competitive standing in the electric vehicle sector.

DoorDash Sets Sights on Global Expansion with Major Acquisitions

DoorDash Sets Sights on Global Expansion with Major Acquisitions

1 hours agoDASH

DoorDash CEO Tony Xu is making waves in the food delivery sector with the announcement of two major acquisitions. The company has agreed to acquire UK-based Deliveroo for £2.9 billion, approximately $3.9 billion, in cash. This acquisition marks a significant expansion of DoorDash’s reach in Europe, Asia, and the Middle East, following their previous acquisition of Wolt Enterprises in 2022. In addition to the Deliveroo acquisition, DoorDash is also purchasing the hospitality software firm SevenRooms for $1.2 billion. This move aims to bolster DoorDash's restaurant services and strengthen its position within the competitive food delivery space, as reported by the Financial Times. These strategic expansions come on the heels of impressive financial results for DoorDash, as highlighted by AP News. In the first quarter of 2025, the company recorded a revenue of $3.03 billion, up 21% from the previous year, and posted a net income of $193 million, a substantial turnaround from a loss of $23 million in the prior period. These developments underscore DoorDash’s ambition to solidify its standing as a leading force in the global food delivery market.

Li Auto Achieves Milestone with 300,000 Li L7 Deliveries

Li Auto Achieves Milestone with 300,000 Li L7 Deliveries

Li Auto Inc. has reported impressive vehicle delivery figures for May 2025, highlighting the company's robust market performance. The cumulative deliveries of the Li L7 model have surpassed 300,000 units as of May 10, 2025, merely 26 months after its launch, marking a significant milestone for the Chinese electric vehicle manufacturer, as noted by CnEVPost. In a related development, April 2025 saw Li Auto deliver 33,939 vehicles, representing a substantial 31.6% increase compared to the same month last year. The company recently launched the updated Li Mega MPV and the new Li L6 SUV in April, with deliveries for the refreshed L-series beginning in May. These strategic launches are part of Li Auto's efforts to expand its vehicle lineup, boosting its footprint in the competitive auto market. The company's achievements extend beyond vehicle deliveries, with Automotive World indicating that Li Auto has maintained its position as a leading seller among Chinese brands in the NEV market priced above RMB200,000 for twelve months running. Furthermore, Li Auto has expanded its infrastructure significantly, operating 500 retail stores, 502 service centers, and over 11,000 charging stalls across 2,045 supercharging stations in China as of April 2025. These accomplishments underscore Li Auto's commitment to meeting the growing demand for electric vehicles through enhanced product offerings and expanded support networks.

Boeing CEO Prioritizes 737 MAX Stability Over New Developments

Boeing CEO Prioritizes 737 MAX Stability Over New Developments

Boeing's recently appointed CEO, Kelly Ortberg, has outlined the company's strategic priorities, emphasizing that there are no current plans to replace the 737 MAX. Instead, Boeing is focusing on stabilizing operations and tackling existing challenges. This move underlines the company's commitment to strengthening its current position rather than pushing for new development, as reported by the Financial Times. Ortberg has also reaffirmed Boeing's dedication to safety and quality over speed. The company will not accelerate the production of the 737 MAX until all safety and quality issues are resolved, according to Economic Times. In addition to this cautious approach, Boeing is concentrating on obtaining certification for the 737 MAX 7 and 737 MAX 10 variants by the end of 2025, a milestone highlighted by Reuters. To further support these efforts, Boeing is planning to increase the production rate of the 737 MAX from 38 to 42 units per month, contingent upon regulatory approval, as noted by the Financial Times. The company has also undergone significant leadership changes, with CEO Dave Calhoun stepping down to address safety concerns, paving the way for Ortberg's leadership. These initiatives reflect Boeing's focused strategy to enhance the safety and reliability of its existing aircraft models.