Chinese bike-sharing app Mobike ceased operations Monday night following a full integration into its parent company, Meituan Dianping.
According to Meituan Bicycle’s big data, the number of cycling trips nationwide increased by about 86% on weekdays last week compared with two weeks ago.
A story about how a Shanghai-based bike designer decided to pursue his dream, all because of one film.
Bike-sharing giant ofo has finally agreed to be bought out by Didi-Chuxing according to Chinese media. The deal is said to be worth $2 billion and that all other co-founders, except for CEO Dai Wei, will be leaving the company, according to the report.
Mobike, China’s shared bicycle giant, will officially enter the Japanese market this year starting with Tokyo in June. Mobike will enter several Japanese cities this year with 30,000 bicycles. Mobike will cooperate with convenience store giants and restaurant chains to set up dedicated spaces to park bicycles in their shops.