Mobike was added to WeChat Pay’s interface as a third-party service.
Rising costs for Meituan’s core food delivery business drove fourth quarter losses.
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Company’s best short-term strategy is to direct users to its profitable services such as travel.
All of China’s most visible mobility players have undergone significant change over the last 12 months.
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Meituan Bike’s ‘no-contact’ hygienic biking plan: We bring the bikes. You bring the hygiene.
Chinese food delivery and services platform Meituan Dianping is shutting down its public cloud service in order to retain focus on its core businesses. Why it matters: Halting its cloud computing services is a major pullback in Meituan’s expansion into enterprise tech, a trend which has formed the basis of many recent moves by competitors including […]
Editor’s note: Rumors are rife in China, especially so in a hotly contested area like transportation and O2O services. This news is unconfirmed and the veracity of Mobike’s financial and operational situation as outlined is unclear. Update 10:02 04 Apr 2018: The purchase has been confirmed by multiple sources. Follow our coverage here. Rumors of […]
In its first major statement since being acquired by Meituan, bike rental giant Mobike is to stop adding new bikes to cities considered to be already saturated with bikes, will share its big data with the government for improved city planning, and put RMB100 million into improving its user credit system, the company announced at […]