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

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

Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.

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.

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