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

By on
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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
alibaba hardware mobike ofo storage tencent

Most Read Articles

'Zerologon' Windows domain admin bypass exploit released

'Zerologon' Windows domain admin bypass exploit released
Aussie Broadband boss says NBN Co could change price construct in months, if it wanted to

Aussie Broadband boss says NBN Co could change price construct in months, if it wanted to
Service NSW's in-app contact tracing tool goes live statewide

Service NSW's in-app contact tracing tool goes live statewide
Macquarie University brings Accenture onboard for HR transformation

Macquarie University brings Accenture onboard for HR transformation
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

A Migration Guide For Businesses Switching Mobile Device Management Solutions
A Migration Guide For Businesses Switching Mobile Device Management Solutions
Plan your post-COVID security strategy
Plan your post-COVID security strategy
The Executive's Guide To The Future Of Work
The Executive's Guide To The Future Of Work
Government Digital Transformation Requires Customer Obsession
Government Digital Transformation Requires Customer Obsession
Master the fundamentals of AWS cost efficiency
Master the fundamentals of AWS cost efficiency

Events

Log In

Username / Email:
Password:
  |  Forgot your password?