The rate increase is part of parent company Meituan’s broader profitability push.
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
Mobike was added to WeChat Pay’s interface as a third-party service.
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 […]
A screenshot of a letter from a Mobike female engineer containing detail accounts of sexual harassment by her superior at the company surfaced on the internet.
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
Mobike is extending deposit-free, credit-free bike rentals to a hundred cities. After launching the deposit-free system in Hefei, Hangzhou, Dongguan and other cities in May, it will now spread to a hundred areas–including second and third-tier cities–covering more than half its China cities. The first tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen will not […]
After Xiaomi’s organizational shuffle, bike rental platform Mobike has announced some shifts in its staff too. Mobike’s founder Hu Weiwei is set to become the new CEO of the company taking the place of Davis Wang. Wang co-founded the bike rental platform in 2015 after serving as General Manager of Uber Shanghai. In an internal […]
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.