The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
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Posted inOn the Cusp
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.
Posted inOn the Cusp
Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds
Bike companies have a longer time for implementation than previously announced.
Posted inThe Numbers
Meituan pared losses in Q1 as cost controls gain traction
Meituan’s Q1 results show that its more disciplined expansion strategy is paying off.
Posted inOn the Cusp
Briefing: Meituan Dache partners with ride-hailing peers to expand its services
The partnerships help the company offer an expanded range of ride services to choose from for users in Beijing and Shanghai.
Posted inOn the Cusp
Briefing: China tech startups choosing homegrown software over Oracle and IBM
China has been looking to reduce its reliance on foreign technologies amide escalating trade tensions with the US.
Posted inHeavy Hitters
Meituan Dianping hires outside leadership to boost growth
Li Shubin will become head of the Meituan app division, a key position for driving growth for the parent company.
Posted inHeavy Hitters
Didi launches bike rental feature for blowing the whistle on ‘uncivilized’ users
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Posted inHeavy Hitters
Briefing: Didi takes punitive measures against deviant shared bike riders
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
Posted inHeavy Hitters
Didi reprimanded for introducing new shared bikes in Beijing in red tape snafu
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
