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China's MoBike Shutting Some International Operations

(Version anglaise seulement)

Chinese bike-sharing startup Mobike is shutting down operations in Australia and South and Southeast Asia, months after rival Ofo began winding down its international division. "Mobike's international business is undergoing rationalization to improve efficiency," the company said in a statement Monday. "This will result in the closure of some markets, particularly in certain Asia countries." In recent years, Mobike, Ofo and other startups flooded Chinese...

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