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CCTV Script 22/08/16

This is the script of CNBC's news report for China's CCTV on August 22, Monday.

Welcome to CNBC Business Daily, I'm Qian Chen.

Uber launched the food delivery program in North America last year and expanded the business to London two months ago.

Now, it's laying the groundwork for a nationwide rollout of its UberEats service in the U.K., and may expand to other markets in Europe, according to several job adverts placed online.

The food-delivering serivce, known as UberEATS, is currently available in 18 cities around the world.

Uber's website also advertises job vacancies in a number of countries across Europe where the service has not yet launched, including Berlin, Vienna, Rome and Amsterdam.

Uber has not indicated a timeframe for launching the product in these cities but the market is watching closely the company's next move.

The move will see Uber more aggressively take on companies already operating in the food-delivery market across the U.K. including Deliveroo, which recently raised $275 million in new funding, as well as Delivery Hero, which has already raised about $1 bn in funding.

There's no doubt that food delivery has been a hot sector in the European.

In 2015 alone, food delivery startups raised €1 billion in funding across 33 rounds. That's 6.9% of all capital raised in the same period in Europe.

A capital-intensive business in which market share, wide availability in high-density urban areas and low margins have pushed multiple companies to raise large rounds of funding.

Since then, the market has cooled off. A closer look at food delivery funding data shows that investment in the sector has decreased steadily since early 2015, from a peak of €486 million in Q1 2015 to €32 million (and five investments) in the first three months of this year.

But food delivery is a very competitive and hot space.

Rivals, such as Deliveroo and Delivery Hero and even Uber, have beeing sinking money to get market shares.

CNBC's Qian Chen, reporting from Singapore.

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