The rate increase is part of parent company Meituan’s broader profitability push.
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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.’
Posted inHeavy Hitters
Ant Group-backed bike-rental app Hello Inc files for US IPO
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
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.
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Super app Meituan promises prudence after Mobike bill hits home
Rising costs for Meituan’s core food delivery business drove fourth quarter losses.
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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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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.
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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.
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Mobike does away with deposits in China
Meituan-owned bike rental firm Mobike has removed deposits for all users in China in an effort to standardize its deposit system. In May, the company began trialing deposit-free rides in Hefei, Hangzhou, Dongguan, and other cities. The trial area was then extended to one hundred areas around the country, including second and third-tier cities. However, a […]
