The rate increase is part of parent company Meituan’s broader profitability push.
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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 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 inHeavy Hitters
Mobike does away with deposits in China
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 […]
Posted inHeavy Hitters
Mobike executive has been accused of sexually harassing 3 women
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.
Posted inHeavy Hitters
Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
Posted inHeavy Hitters
Mobike removes last hold over user behavior as it trials deposit free in 100 cities
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 […]
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Mobike co-founder and CEO Davis Wang resigns, Hu Weiwei takes the handlebars
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 […]
Posted inThe Numbers
Meituan pared losses in Q1 as cost controls gain traction
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Posted inHeavy Hitters
Ant Group-backed bike-rental app Hello Inc files for US IPO
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
