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.
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
Ride-hailing, bike rental, and food delivery services were all affected.
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Meituan Bike’s ‘no-contact’ hygienic biking plan: We bring the bikes. You bring the hygiene.
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
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.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.