The rate increase is part of parent company Meituan’s broader profitability push.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
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.’
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Mobike was added to WeChat Pay’s interface as a third-party service.
Rising costs for Meituan’s core food delivery business drove fourth quarter losses.
Company’s best short-term strategy is to direct users to its profitable services such as travel.
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.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.