China's Mobike to pull out of some Asian countries, evaluate other markets

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China's Mobike to pull out of some Asian countries, evaluate other markets

Wide-scale contraction in the market follows bankruptcy of top competitor Ofo.

Chinese dockless bike-sharing company Mobike said on Monday it will pull out of some Asian countries and re-evaluate its units in other overseas markets amid a wide-scale contraction in the market and the bankruptcy of top competitor Ofo. The Beijing-based firm, which is backed by Tencent ...

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alibaba hardware mobike ofo storage tencent

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