Mobike has started to charge Shanghai users an extra RMB 20 (around $3) if they park a bike outside the company’s ‘area of operation.’
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.