The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park […]
Mobike is extending deposit-free, credit-free bike rentals to a hundred cities. After launching the deposit-free system in Hefei, Hangzhou, Dongguan and other cities in May, it will now spread to a hundred areas–including second and third-tier cities–covering more than half its China cities. The first tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen will not […]
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
After Xiaomi’s organizational shuffle, bike rental platform Mobike has announced some shifts in its staff too. Mobike’s founder Hu Weiwei is set to become the new CEO of the company taking the place of Davis Wang. Wang co-founded the bike rental platform in 2015 after serving as General Manager of Uber Shanghai. In an internal […]
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
Cash-strapped Ofo could try wheeling its business down another path.