The company says it holds over 50% market share in terms of numbers of orders.
Youon is one of the few Chinese bike rental companies still expanding overseas.
The company started registering a series of trademarks back in April.
More merger and acquisition activity is in store for the power bank rental sector.
His comments reflect a tech and business ecosystem which is becoming increasingly rational and practical.
The bike rental giant is currently in negotiations about merging with Hello TransTech, previously known as HelloBike.
The company is currently working with partners in Shanghai, Nanjing, and Chengdu.