The rate increase is part of parent company Meituan’s broader profitability push.
Search results
Posted inHeavy Hitters
Briefing: Management buyout of Mobike Europe nearly finalized
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Posted inHeavy Hitters
Mobike will scrap some but not all of its Asia-Pacific businesses
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Posted inHeavy Hitters
Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
Posted inHeavy Hitters
Mobike removed from WeChat Pay, increasing barriers for users
Mobike was added to WeChat Pay’s interface as a third-party service.
Posted inHeavy Hitters
Failures and opportunities: A pivotal moment for China’s mobility industry
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.
Posted inThe Numbers
Meituan pared losses in Q1 as cost controls gain traction
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Posted inHeavy Hitters
Didi launches bike rental feature for blowing the whistle on ‘uncivilized’ users
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Posted inHeavy Hitters
From Groupon clone to China’s largest lifestyle services provider
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.
Posted inHeavy Hitters
Meituan in focus | Meituan’s turnaround year
In May, Meituan Dianping unseated search engine Baidu as China’s third-largest listed internet company by market cap, behind only Alibaba and Tencent.
