Beijing and Shanghai have given no indication of whether the bans will be lifted.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Bike companies have a longer time for implementation than previously announced.
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
Foshan will require Mobike, ofo, and other bike rental companies to hand over users blacklisted for bad parking.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
Editor’s note: Rumors are rife in China, especially so in a hotly contested area like transportation and O2O services. This news is unconfirmed and the veracity of Mobike’s financial and operational situation as outlined is unclear. Update 10:02 04 Apr 2018: The purchase has been confirmed by multiple sources. Follow our coverage here. Rumors of […]
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.