Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
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Briefing: Mobike doubles down on India as ofo departs
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
Briefing: Mobike suspends operation in Manchester due to thefts and vandalism
This is the first time for Mobike to pull out of a city because of antisocial behavior.
Guangzhou invites bike-rental firms to bid for quotas after 19-month ban
Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
Mobike does away with deposits in China
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 […]
Mobike executive has been accused of sexually harassing 3 women
A screenshot of a letter from a Mobike female engineer containing detail accounts of sexual harassment by her superior at the company surfaced on the internet.
New rules for rental economy user deposits clarify legal gray area
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
NEV fleet logistics startup DST completes Series C1
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Meituan acquisition of Mobike seems a done deal
Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]