The rate increase is part of parent company Meituan’s broader profitability push.
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
The partnerships help the company offer an expanded range of ride services to choose from for users in Beijing and Shanghai.
Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]
China’s ride-hailing industry has been facing turbulent times but it’s not just about overcoming Didi.