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.’
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.
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.
Briefing: Bike rental cool down prompts calls for policy change
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
Court froze RMB 1.45 million of Ofo assets this month
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
Ofo moves its Beijing headquarters in midst of cash crunch
Ofo’s headquarters have shifted as it faces a reported cash crunch.