China’s on-demand service provider Meituan-Dianping confirmed on Wednesday that bike-sharing company Mobike, fully controlled by Meituan in April last year, will be renamed Meituan Bike.
Wang Huiwen, co-founder and senior vice-president of Meituan, said in an internal letter that Mobike's services have been fully integrated into the Meituan app and Mobike will become a business unit of Meituan's location-based services. Also, Meituan APP will be the only point of entry for Mobike’s services in the future.
During the past few years, bike-sharing fever has swept across China, but the industry is now ended in chaos. Many small players announced stop of operation in succession, and even Ofo Inc, once a great rival of Mobike, found itself cash-strapped and came under fire for stalling on deposit refunds.
Wang Huiwen, co-founder and senior vice-president of Meituan, said in an internal letter that Mobike's services have been fully integrated into the Meituan app and Mobike will become a business unit of Meituan's location-based services. Also, Meituan APP will be the only point of entry for Mobike’s services in the future.
During the past few years, bike-sharing fever has swept across China, but the industry is now ended in chaos. Many small players announced stop of operation in succession, and even Ofo Inc, once a great rival of Mobike, found itself cash-strapped and came under fire for stalling on deposit refunds.
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