The rate increase is part of parent company Meituan’s broader profitability push.
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.’
Beijing and Shanghai have given no indication of whether the bans will be lifted.
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.
Company’s best short-term strategy is to direct users to its profitable services such as travel.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.