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.
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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.’
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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.
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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.
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Mobike removed from WeChat Pay, increasing barriers for users
Mobike was added to WeChat Pay’s interface as a third-party service.
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Briefing: Mobike co-founder Hu Weiwei resigns as CEO
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
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Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
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Mobike removes last hold over user behavior as it trials deposit free in 100 cities
Mobike is extending deposit-free, credit-free bike rentals to a hundred cities. After launching the deposit-free system in Hefei, Hangzhou, Dongguan and other cities in May, it will now spread to a hundred areas–including second and third-tier cities–covering more than half its China cities. The first tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen will not […]
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Mobike co-founder and CEO Davis Wang resigns, Hu Weiwei takes the handlebars
After Xiaomi’s organizational shuffle, bike rental platform Mobike has announced some shifts in its staff too. Mobike’s founder Hu Weiwei is set to become the new CEO of the company taking the place of Davis Wang. Wang co-founded the bike rental platform in 2015 after serving as General Manager of Uber Shanghai. In an internal […]
