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March 11, 2019 04:41 pm GMT

Meituan confirms Mobikes retreat from most overseas markets

TechCrunch reported last Friday that Mobike has scrapped operations across the Asia Pacific region as a key step towards a long-term plan to scale back its international business. On Monday, its parent company Meituan confirmed that the pioneer in China’s bike rental sector will shut down most of its foreign markets. “Mobike international business is […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/DIlV_ldyryc/

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