The rate increase is part of parent company Meituan’s broader profitability push.
Search results
Posted inHeavy Hitters
Mobike will scrap some but not all of its Asia-Pacific businesses
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Posted inTurf Wars
INSIGHTS | The bike rental boom is dead. Long live bike rental
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Posted inUp and Comers
Mobike suspected of GDPR violations in industry-wide German investigation
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
Posted inOn the Cusp
China’s bike rental sector recovering as workforce returns
China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
Posted inOn the Cusp
Briefing: Meituan Dache partners with ride-hailing peers to expand its services
The partnerships help the company offer an expanded range of ride services to choose from for users in Beijing and Shanghai.
Posted inNews
Meituan acquisition of Mobike seems a done deal
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 […]
Posted inOn the Cusp
China’s ride-hailing resurgence is just another step into the future of mobility
China’s ride-hailing industry has been facing turbulent times but it’s not just about overcoming Didi.
