Mobike is extending deposit-free, credit-free bike rentals to a hundred cities. After launching the deposit-free system in Hefei, Hangzhou, Dongguan and other cities in May, it will now spread to a hundred areas–including second and third-tier cities–covering more than half its China cities. The first tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen will not be part of the new scheme, labeled a trial by Mobike.

Competition is intensifying after new entrants have shaken up what had become a two-horse race between Mobike and ofo. Removing deposits could prove effective in poaching existing customers of a rival who don’t want to fork out another hefty deposit.

Read our report: As bike rentals cool, ofo chooses to stand alone

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Frank Hersey

Frank Hersey is a Beijing-based tech reporter who's been coming to China since 2001. He tries to go beyond the headlines to explain the context and impact of developments in China's tech sector. Get in...