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Posted inHeavy Hitters

Chinese bike-rental company Mobike raises fares

by Emma Lee Nov 19, 2019Mar 17, 2020

The rate increase is part of parent company Meituan’s broader profitability push.

Posted inHeavy Hitters

Briefing: Management buyout of Mobike Europe nearly finalized

by Bailey Hu Apr 11, 2019Jun 8, 2020

Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.

Posted inHeavy Hitters

Briefing: Mobike, Hellobike are charging extra in Shanghai suburbs

by Bailey Hu Apr 28, 2019Jun 8, 2020

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.’

Posted inHeavy Hitters

Mobike will scrap some but not all of its Asia-Pacific businesses

by Bailey Hu and Emma Lee Mar 11, 2019Jun 8, 2020

Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.

Posted inHeavy Hitters

Mobike to weigh on profitability at Meituan until 2021: Report

by Emma Lee Mar 25, 2019Mar 17, 2020

Company’s best short-term strategy is to direct users to its profitable services such as travel.

Posted inTurf Wars

Briefing: Bike-rental firm Mobike to spin off European arm

by Emma Lee Dec 12, 2018Jun 8, 2020

As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.

Posted inHeavy Hitters

Mobike responds to claims of inflated numbers

by Nicole Jao Sep 21, 2018Jun 7, 2020

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.

Posted inHeavy Hitters

Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate

by Bailey Hu Jun 4, 2019Jul 16, 2019

Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.

Posted inOn the Cusp

Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app

by Jill Shen Jan 23, 2019Jun 8, 2020

The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.

Posted inHeavy Hitters

Briefing: Mobike co-founder Hu Weiwei resigns as CEO

by Chris Udemans Dec 24, 2018Jun 8, 2020

Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.

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