Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
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.’
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
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.
Chinese businesses love to post ads where they shouldn’t be.
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services 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.