Mobike, which was sold to Chinese online services giant Meituan Dianping in 2018 for US$2.7 billion, has in recent months retreated back to its home market, scaling back along with other bike-sharing startups that cut their losses in their expansion bids.
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Mobike, which was sold to Chinese online services giant Meituan Dianping in 2018 for US$2.7 billion, has in recent months retreated back to its home market, scaling back along with other bike-sharing startups that cut their losses in their expansion bids.