Mobike will scrap some but not all of its Asia-Pacific businesses

Bike-rental startup Mobike owned by lifestyle services company Meituan confirmed Monday that it is shutting down some of its Asia businesses, but denied that the closures are part of a larger exit strategy.

On Saturday, TechCrunch reported that Mobike had given notice to 15 full-time operations staff employed across Singapore, Malaysia, Thailand, India, and Australia, citing numerous sources. The move was also said to affect “many more” contract and third-party workers employed by Mobike’s businesses across the Asia-Pacific region. Two TechCrunch sources said the layoffs were part of a company plan to eventually shut down all of its foreign operations.

However, a Mobike representative told TechNode on Monday that the company currently has no plans to “adjust” businesses outside of Asia.

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