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.
Bike companies have a longer time for implementation than previously announced.
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
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.
Ride-hailing, bike rental, and food delivery services were all affected.