Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
A total of 13,615 people in the southern Chinese city of Shenzhen will be temporarily banned from using shared bikes due to traffic violations, according to media reports (in Chinese). This is the first batch of traffic offenders that will be punished according to the new rules on shared bicycle users’ behavior issued by the Shenzhen […]
Beijing and Shanghai have given no indication of whether the bans will be lifted.
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the market, brightening the streets with a rainbow of bikes. But in the fast-paced tech world, trends come and go quickly. Within a year, over 20 bike startups failed, including […]
In its first major statement since being acquired by Meituan, bike rental giant Mobike is to stop adding new bikes to cities considered to be already saturated with bikes, will share its big data with the government for improved city planning, and put RMB100 million into improving its user credit system, the company announced at […]
Editor’s note: This was originally a two part report by Li Siyi and Jiang Xiaochuan for Tencent Finance. It has been translated and further edited for clarity and style by Linda Lew. In winning the bike-rental “arms race,” the number of bikes on the street has become the critical factor. China’s largest bicycle manufacturing hub has […]