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