The rate increase is part of parent company Meituan’s broader profitability push.
Search results
Posted inUp and Comers
Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Posted inHeavy Hitters
Mobike removed from WeChat Pay, increasing barriers for users
Mobike was added to WeChat Pay’s interface as a third-party service.
Posted inOn the Cusp
Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Posted inOn the Cusp
Shanghai fines company RMB 100,000 for flyposting on Mobikes
Chinese businesses love to post ads where they shouldn’t be.
Posted inTurf Wars
Briefing: Mobike doubles down on India as ofo departs
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
Posted inOn the Cusp
Briefing: Mobike suspends operation in Manchester due to thefts and vandalism
This is the first time for Mobike to pull out of a city because of antisocial behavior.
Posted inHeavy Hitters
Mobike does away with deposits in China
Meituan-owned bike rental firm Mobike has removed deposits for all users in China in an effort to standardize its deposit system. In May, the company began trialing deposit-free rides in Hefei, Hangzhou, Dongguan, and other cities. The trial area was then extended to one hundred areas around the country, including second and third-tier cities. However, a […]
Posted inHeavy Hitters
Mobike executive has been accused of sexually harassing 3 women
A screenshot of a letter from a Mobike female engineer containing detail accounts of sexual harassment by her superior at the company surfaced on the internet.
Posted inPosts
Meituan acquisition of Mobike seems a done deal
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 […]
