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.
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.’
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
This is the first time for Mobike to pull out of a city because of antisocial behavior.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.