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.’
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Posted inHeavy Hitters
Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
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 inOn the Cusp
Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds
Bike companies have a longer time for implementation than previously announced.
Posted inUp and Comers
Bike rental firm Hello Global exceeds 300 million users
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
Posted inWith Chinese Characteristics
Guangzhou invites bike-rental firms to bid for quotas after 19-month ban
Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
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 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 inThe Numbers
Hello Inc becomes first Chinese bike rental firm to file for US IPO
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.
Posted inHeavy Hitters
Typhoon Mangkhut pounds rental economy in southern China
Ride-hailing, bike rental, and food delivery services were all affected.
