The rate increase is part of parent company Meituan’s broader profitability push.
Mobike was added to WeChat Pay’s interface as a third-party service.
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
A screenshot of a letter from a Mobike female engineer containing detail accounts of sexual harassment by her superior at the company surfaced on the internet.
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.