Chinese ride-hailing giant Didi has halted plans to launch in the UK and continental Europe, a source close to the company has told the BBC.
The Uber rival had been planning to roll out services in Western Europe, including major British cities.
Didi is in consultation with the team working on the project on reassigning new roles or potential redundancies.
Didi did not comment directly on the story that was first reported by The Daily Telegraph but said in a statement: "We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services."
"As soon as we have any more news on additional new markets, we look forward to sharing," the spokesperson added.
Didi has been expanding its international business and has recently launched services in a number of new countries in South Africa, Ecuador and Kazakhstan.
In response to questions about the future of its team in the UK Didi said: "We have established an international talent hub in the UK, recognising the exceptional quality of people in the market. Beyond that, any personnel matters remain strictly confidential."