Pandaily

Pandaily

Share this post

Pandaily
Pandaily
Bike-sharing App Mobike Ends Operations as Meituan Takes Full Control
Copy link
Facebook
Email
Notes
More
User's avatar
Discover more from Pandaily
Everything about China's Innovations
Already have an account? Sign in

Bike-sharing App Mobike Ends Operations as Meituan Takes Full Control

Dec 15, 2020

Share this post

Pandaily
Pandaily
Bike-sharing App Mobike Ends Operations as Meituan Takes Full Control
Copy link
Facebook
Email
Notes
More
Share
Meituan, China’s largest provider of on-demand online services from food-delivery to ride-hailing, acquired Mobike in April 2018 for $2.7 billion. (Source: Kuaibao)

Chinese bike-sharing app Mobike ceased operations Monday night following a full integration into its parent company, Meituan Dianping.

An updated notice on Mobike’s app, WeChat mini program and website directed users to log in via the Meituan app. Meituan, China’s largest provider of on-demand online services from food-delivery to ride-hailing, acquired Mobike in April 2018 for $2.7 billion.

Mobike was renamed to “Meituan Bikes” following the deal, and its iconic orange and silver bikes were replaced with yellow Meituan-branded ones.

All user data – including credits and monthly passes – from the Mobike app have been transferred to the Meituan app, the notice said. Users are able to log into the app with their original Mobike account.

“Thank you for your support over the years. Meituan Bikes and E-bikes will continue to accompany you on every trip. See you at Meituan,” it added.

China’s once-booming bike-sharing market took a hit in 2018 as firms fought to dominate key cities. Tencent-backed Meituan incurred a net loss of 28.8 billion yuan ($4.4 billion) in the first half of that year, mainly due to Mobike’s acquisition costs.

In December 2018, co-founder and CEO Hu Weiwei resigned due to “personal reasons”, declaring that her mission had been “fulfilled.” Four months later, Mobike confirmed its exit from most overseas markets after a period of aggressive growth.

Its rival, Ofo, which is backed by Alibaba, had reportedly run into “immense” cash flow problems in late 2018. Founder and CEO Dai Wei said in a letter to employees that he had considered disbanding the company and applying for bankruptcy.

Meanwhile, a new challenger, Hellobike, entered the market in 2016, with financial and user acquisition support from Alibaba’s Ant Financial. It’s blue-and-white bikes first popped up in China’s less-populated, smaller cities, and the strategy pushed the firm to become one of the largest bike-sharing service providers in the country.


Share this post

Pandaily
Pandaily
Bike-sharing App Mobike Ends Operations as Meituan Takes Full Control
Copy link
Facebook
Email
Notes
More
Share

Discussion about this post

User's avatar
How China's New Chip Origin Rule Redraws the Global Semiconductor Map
In April 2025, a regulatory shift quietly issued by China’s Semiconductor Industry Association sent tremors through the global semiconductor supply…
Apr 15
5

Share this post

Pandaily
Pandaily
How China's New Chip Origin Rule Redraws the Global Semiconductor Map
Copy link
Facebook
Email
Notes
More
Who Really Is DHgate?
Inside the Viral Comeback of China’s Original Cross-Border E-Commerce Platform
Apr 16
3

Share this post

Pandaily
Pandaily
Who Really Is DHgate?
Copy link
Facebook
Email
Notes
More
China Tech Digest
DeepSeek's price slash, BYD's new EVs and more...
Apr 9
4

Share this post

Pandaily
Pandaily
China Tech Digest
Copy link
Facebook
Email
Notes
More

Ready for more?

© 2025 Pandaily
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More

Create your profile

User's avatar

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.