As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
All of China’s most visible mobility players have undergone significant change over the last 12 months.
Bike companies have a longer time for implementation than previously announced.
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
Foshan will require Mobike, ofo, and other bike rental companies to hand over users blacklisted for bad parking.