The rate increase is part of parent company Meituan’s broader profitability push.
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Posted inHeavy Hitters
Briefing: Management buyout of Mobike Europe nearly finalized
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Posted inHeavy Hitters
Briefing: Mobike, Hellobike are charging extra in Shanghai suburbs
Mobike has started to charge Shanghai users an extra RMB 20 (around $3) if they park a bike outside the company’s ‘area of operation.’
Posted inHeavy Hitters
Mobike will scrap some but not all of its Asia-Pacific businesses
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Posted inUp and Comers
Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Posted inHeavy Hitters
Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
Posted inHeavy Hitters
Mobike removed from WeChat Pay, increasing barriers for users
Mobike was added to WeChat Pay’s interface as a third-party service.
Posted inHeavy Hitters
Mobike to weigh on profitability at Meituan until 2021: Report
Company’s best short-term strategy is to direct users to its profitable services such as travel.
Posted inOn the Cusp
Mobike and Bluegogo double rates in Beijing in bid to stay afloat
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Posted inTurf Wars
Briefing: Bike-rental firm Mobike to spin off European arm
As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
