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.
As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
A Bloomberg article found that Mobike operation details in the recent Meituan Dianpin filing were at odds with previously made public claims by the company.
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
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.
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-owned bike rental firm Mobike has removed deposits for all users in China in an effort to standardize its deposit system. In May, the company began trialing deposit-free rides in Hefei, Hangzhou, Dongguan, and other cities. The trial area was then extended to one hundred areas around the country, including second and third-tier cities. However, a […]