The rate increase is part of parent company Meituan’s broader profitability push.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
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.
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.
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Meituan forays into ride-hailing and bike-rental services have been expensive gambits that haven’t yet paid off, but it has seen success in other efforts.
In May, Meituan Dianping unseated search engine Baidu as China’s third-largest listed internet company by market cap, behind only Alibaba and Tencent.