Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
The company says it holds over 50% market share in terms of numbers of orders.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
The rate increase is part of parent company Meituan’s broader profitability push.
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
Youon is one of the few Chinese bike rental companies still expanding overseas.