This is the first time for Mobike to pull out of a city because of antisocial behavior.
In its first major statement since being acquired by Meituan, bike rental giant Mobike is to stop adding new bikes to cities considered to be already saturated with bikes, will share its big data with the government for improved city planning, and put RMB100 million into improving its user credit system, the company announced at […]
The company started registering a series of trademarks back in April.
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
Ofo’s headquarters have shifted as it faces a reported cash crunch.
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.