The rate increase is part of parent company Meituan’s broader profitability push.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Mobike has started to charge Shanghai users an extra RMB 20 (around $3) if they park a bike outside the company’s ‘area of operation.’
Meituan-owned Mobike also denied that layoffs in Asia are part of a larger exit strategy.
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Mobike was added to WeChat Pay’s interface as a third-party service.
Hellobike’s new prices are more expensive than taking the bus in Beijing, which may be a blow to its business model.
As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
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 Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.