Shares of food delivery company and recent IPO DoorDash (NYSE: DASH) are trading higher on Monday as investors react positively to last Friday’s news about the company’s intention to start operating its food delivery service in Japan. According to Nikkei Asia and other sources, DoorDash is advertising for a general manager qualified to run operations for it in Japan, a country with plenty of opportunity for delivery service expansion.
Nikkei also reports only 5% of Japanese restaurants have any arrangements to provide home delivery of the food they make. At the same time, COVID-19 cases are soaring in Japan, with the nation’s daily new cases climbing above 7,000 for the first time on Jan. 7, according to UPI. With Tokyo and the nearby prefectures hit hardest, the government has declared a one-month state of emergency in the region, Reuters reports.