The rate increase is part of parent company Meituan’s broader profitability push.
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Posted inHeavy Hitters
Briefing: Mobike, Hellobike are charging extra in Shanghai suburbs
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 inUp and Comers
Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Posted inHeavy Hitters
Mobike removed from WeChat Pay, increasing barriers for users
Mobike was added to WeChat Pay’s interface as a third-party service.
Posted inOn the Cusp
Mobike and Bluegogo double rates in Beijing in bid to stay afloat
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Posted inTurf Wars
Briefing: Bike-rental firm Mobike to spin off European arm
As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
Posted inOn the Cusp
Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Posted inHeavy Hitters
Mobike responds to claims of inflated numbers
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: Mobike co-founder Hu Weiwei resigns as CEO
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
Posted inOn the Cusp
Shanghai fines company RMB 100,000 for flyposting on Mobikes
Chinese businesses love to post ads where they shouldn’t be.
