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 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 to weigh on profitability at Meituan until 2021: Report
Company’s best short-term strategy is to direct users to its profitable services such as travel.
Posted inHeavy Hitters
Super app Meituan promises prudence after Mobike bill hits home
Rising costs for Meituan’s core food delivery business drove fourth quarter losses.
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
Meituan Dianping hires outside leadership to boost growth
Li Shubin will become head of the Meituan app division, a key position for driving growth for the parent company.
Posted inHeavy Hitters
Didi launches bike rental feature for blowing the whistle on ‘uncivilized’ users
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Posted inHeavy Hitters
Briefing: Didi takes punitive measures against deviant shared bike riders
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
