As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
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.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
This is the first time for Mobike to pull out of a city because of antisocial behavior.
Meituan-owned bike rental firm Mobike has removed deposits for all users in China in an effort to standardize its deposit system. In May, the company began trialing deposit-free rides in Hefei, Hangzhou, Dongguan, and other cities. The trial area was then extended to one hundred areas around the country, including second and third-tier cities. However, a […]
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 […]
Bike rental company Mobike has announced complimentary rides and deposit-free use of its bicycle network in Anhui province’s capital of Hefei, local media is reporting. Unlike other bike rental platforms, users would not need to use Sesame Credit to sign up or use the bikes without paying a deposit. Existing users in the city who have […]
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.