The rate increase is part of parent company Meituan’s broader profitability push.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
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.’
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Mobike was added to WeChat Pay’s interface as a third-party service.
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
Meituan Bike’s ‘no-contact’ hygienic biking plan: We bring the bikes. You bring the hygiene.