The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
Hu’s resignation comes at a tumultuous time in China’s bike-rental industry.
Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
This is the first time for Mobike to pull out of a city because of antisocial behavior.
Meituan Bike’s ‘no-contact’ hygienic biking plan: We bring the bikes. You bring the hygiene.
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.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 […]
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.