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Sharing Economy

Meituan Dianping backpedals on bike-sharing

Chinese company plans 'sale or abandonment' of some Mobike operations abroad

Mobike's shared bikes are parked around a car in Beijing, in April 2017.
Mobike's shared bikes are parked around a car in Beijing, in April 2017.   © Reuters
COCO LIU, Nikkei staff writer | China

HONG KONG -- Chinese online services provider Meituan Dianping apparently lost its appetite for bike-sharing despite the company's $2.7 billion takeover of Chinese startup Mobike last year.

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