Food delivery workers of Chinese online on-demand services giant Meituan Dianping attend a morning briefing in Beijing. Photo: Agence France-Presse

Losses widen at Tencent-backed on-demand services provider Meituan Dianping

  • Meituan’s net loss widened 57 per cent to 3.4 billion yuan (US$508 million) in the December quarter
  • Meituan says its loss-making bike-rental unit Mobike will pull out from most of its overseas markets
Topic |   Internet

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Food delivery workers of Chinese online on-demand services giant Meituan Dianping attend a morning briefing in Beijing. Photo: Agence France-Presse
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A man rides a tricycle transporting Mobike shared bikes near Wangfujing Street in Beijing on October 15, 2018. Photo: Reuters

Meituan Dianping-owned Mobike to pull out of some Asian countries, evaluate other markets

  • Mobike has laid off staff and contractors in Singapore, Thailand, Malaysia, India and Australia
Topic |   Start-ups

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A man rides a tricycle transporting Mobike shared bikes near Wangfujing Street in Beijing on October 15, 2018. Photo: Reuters
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