As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
The partnerships help the company offer an expanded range of ride services to choose from for users in Beijing and Shanghai.
China has been looking to reduce its reliance on foreign technologies amide escalating trade tensions with the US.
Youon is one of the few Chinese bike rental companies still expanding overseas.
The company says it holds over 50% market share in terms of numbers of orders.
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
Ele.me and HelloBike have moved into a new partnership for sharing users base with each other.