Chinese bike-rental company Mobike will rebrand as Meituan Bike as it abandons its standalone app to be included in internet giant Meituan’s platform as an in-app feature.

The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company. Wang Huiwen, Meituans senior vice president and co-founder, made the announcement in an internal memo to employees on Wednesday morning. A company spokesperson later confirmed the news to TechNode.

Chinese internet services giant Meituan Dianping bought Mobike in April 2018 for $2.7 billion. Since then, most of the members of the founding team have left the company. Most recently, founder Hu Weiwei stepped down as the company CEO, declaring that her mission had been “fulfilled.”

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen