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A row of Mobikes (now known as Meituan Bikes) sits along the pavement in Pudong, Shanghai on April 4, 2019. (Image Credit: TechNode/Eugene Tang)
Posted inHeavy Hitters

Chinese bike-rental company Mobike raises fares

by Emma Lee Nov 19, 2019Mar 17, 2020

The rate increase is part of parent company Meituan’s broader profitability push.

A row of Mobikes (now known as Meituan Bikes) sits along the pavement in Pudong, Shanghai on April 4, 2019. (Image Credit: TechNode/Eugene Tang)
Posted inHeavy Hitters

Briefing: Management buyout of Mobike Europe nearly finalized

by Bailey Hu Apr 11, 2019Jun 8, 2020

Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.

Posted inHeavy Hitters

Briefing: Mobike, Hellobike are charging extra in Shanghai suburbs

by Bailey Hu Apr 28, 2019Jun 8, 2020

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 Australia helmet
Posted inHeavy Hitters

Mobike will scrap some but not all of its Asia-Pacific businesses

by Bailey Hu and Emma Lee Mar 11, 2019Jun 8, 2020

Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.

Posted inUp and Comers

Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou

by Jill Shen Jun 5, 2019Jul 16, 2019

Beijing and Shanghai have given no indication of whether the bans will be lifted.

Hello bike-rental bike sharing Mobike
Posted inHeavy Hitters

Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate

by Bailey Hu Jun 4, 2019Jul 16, 2019

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

by Jill Shen Jan 10, 2019Jun 8, 2020

Mobike was added to WeChat Pay’s interface as a third-party service.

Posted inHeavy Hitters

Mobike to weigh on profitability at Meituan until 2021: Report

by Emma Lee Mar 25, 2019Mar 17, 2020

Company’s best short-term strategy is to direct users to its profitable services such as travel.

Posted inOn the Cusp

Mobike and Bluegogo double rates in Beijing in bid to stay afloat

by Jill Shen Apr 1, 2019Jun 8, 2020

Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.

Posted inTurf Wars

Briefing: Bike-rental firm Mobike to spin off European arm

by Emma Lee Dec 12, 2018Jun 8, 2020

As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.

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