As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
A Bloomberg article found that Mobike operation details in the recent Meituan Dianpin filing were at odds with previously made public claims by the 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.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
This is the first time for Mobike to pull out of a city because of antisocial behavior.