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.’
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
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.
Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.