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.’
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Bike companies have a longer time for implementation than previously announced.
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
Mobike was added to WeChat Pay’s interface as a third-party service.
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.