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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.

The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.

Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.

Bike companies have a longer time for implementation than previously announced.