TechCrunch reported last Friday that Mobike has scrapped operations across the Asia Pacific region as a key step towards a long-term plan to scale back its international business. On Monday, its parent company Meituan confirmed that the pioneer in China’s bike rental sector will shut down most of its foreign markets. “Mobike international business is […]
View More Meituan confirms Mobike’s retreat from most overseas marketsCategory: obike
Bike sharing pioneer Mobike is retreating to China
In a telling sign of the state of bike sharing, Mobike, a once red-hot startup that attracted billions in investment capital, is closing down all international operations and putting its sole focus on China. On Friday, Mobike laid off its operations teams in APAC, which entailed more than 15 full-time employees and many more contractors […]
View More Bike sharing pioneer Mobike is retreating to ChinaChina’s Mobike will rename to Meituan Bike as its parent takes the wheel
One of China’s top bike rental apps is entering a new phase. Mobike, which neighborhood services giant Meituan-Dianping gobbled up last April, is changing its name to Meituan Bike as part of an ongoing integration with its parent, according to an internal letter from Meituan senior vice president Wang Huiwen to staff. There’s no timeline for when the […]
View More China’s Mobike will rename to Meituan Bike as its parent takes the wheelGrab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia
Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a […]
View More Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast AsiaoBike is closing its dock-less bike-sharing service in Singapore
Singapore’s upcoming licensing for dock-less bike-sharing services has claimed its first scalp after oBike — a Singapore-based company run by Chinese founders — announced that it would cease its service in the country ahead of the implementation of regulations. The Land Transport Authority (LTA) is introducing measures to protect Singapore’s streets from a glut of […]
View More oBike is closing its dock-less bike-sharing service in SingaporeBird expands to San Francisco, San Jose and Washington
The smash dockless scooter rental startup, Bird, is expanding beyond its Southern California nest with a new rollout in San Francisco, San Jose, Calif. and Washington, DC, the company said today. And as his company makes its migration across the country, Bird chief executive Travis VanderZanden is determined not to make the same mistakes that […]
View More Bird expands to San Francisco, San Jose and WashingtonGoBee Bike throws in the towel in France
Bike-sharing startup GoBee Bike is giving up and shutting down in all French cities where it operates. GoBee Bike operates just like Chinese giants Ofo and Mobike. You open the app, you find a bike on the map and you unlock it by scanning a QR code. Once you’re done, you lock it again and leave it there — there’s no dock. And yet, the startup is blaming vandalism and says… Read More
Grab is adding bike-sharing to its ride-hailing service in Southeast Asia
Grab, Uber’s chief rival across Southeast Asia, appears to be getting into bike-sharing after plans for a joint service with oBike surfaced in Singapore. Last week, an eagle-eyed resident in Singapore shared photos of Grab Cycle bikes — which show an oBike logo, too — being loaded into a van. Grab declined to comment when we asked about an integration, but it wouldn’t be… Read More