The rate increase is part of parent company Meituan’s broader profitability push.
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]