Mobike will scrap some but not all of its Asia-Pacific businesses · TechNode
11 March 2019 10:07 AM IST
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
- According to its official website, Mobike has bikes in 19 countries, including Australia, Japan, Korea, and Singapore.
- Mobike) Bike-rental startup Mobike owned by lifestyle services company Meituan confirmed Monday that it is shutting down some of its Asia businesses, but denied that the closures are part of a larger exit strategy.
- Two TechCrunch sources said the layoffs were part of a company plan to eventually shut down all of its foreign operations.
- The company released a statement Monday that it would close only “some” of its Asia businesses while exploring other opportunities.
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