The rate increase is part of parent company Meituan’s broader profitability push.
Mobike has started to charge Shanghai users an extra RMB 20 (around $3) if they park a bike outside the company’s ‘area of operation.’
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.
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.
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.