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.’
NEV fleet logistics startup DST completes Series C1
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Mobike and Bluegogo double rates in Beijing in bid to stay afloat
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds
Bike companies have a longer time for implementation than previously announced.
Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
New rules for rental economy user deposits clarify legal gray area
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
Shanghai fines company RMB 100,000 for flyposting on Mobikes
Chinese businesses love to post ads where they shouldn’t be.
Briefing: Mobike suspends operation in Manchester due to thefts and vandalism
This is the first time for Mobike to pull out of a city because of antisocial behavior.
Mobike offers deposit and fare-free rides in Hefei
Bike rental company Mobike has announced complimentary rides and deposit-free use of its bicycle network in Anhui province’s capital of Hefei, local media is reporting. Unlike other bike rental platforms, users would not need to use Sesame Credit to sign up or use the bikes without paying a deposit. Existing users in the city who have […]