The rate increase is part of parent company Meituan’s broader profitability push.
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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.
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.’
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.
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.
Mobike removed from WeChat Pay, increasing barriers for users
Mobike was added to WeChat Pay’s interface as a third-party service.
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.
Briefing: Mobike co-founder Hu Weiwei resigns as CEO
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
Mobike responds to claims of inflated numbers
A Bloomberg article found that Mobike operation details in the recent Meituan Dianpin filing were at odds with previously made public claims by the company.
Super app Meituan promises prudence after Mobike bill hits home
Rising costs for Meituan’s core food delivery business drove fourth quarter losses.