Meituan expands transport options through bike-sharing acquisition

Beijing-based Meituan has acquired Mobike to make bike-sharing an option for clients using the company’s ride-hailing and car-sharing services. The transaction also intends to meet the demands of daily commuters as well as their short distance travel needs. Data analytics from Meituan’s 320 million active clients revealed that most users seek out transportation services to get to and from restaurants and other local lifestyle points-of-interest. Mobike’s service, according to Davis Wang, the company’s
April 5, 2018 Read time: 1 min
Beijing-based Meituan has acquired Mobike to make bike-sharing an option for  clients using the company’s ride-hailing and car-sharing services. The transaction also intends to meet the demands of daily commuters as well as their short distance travel needs.

Data analytics from Meituan’s 320 million active clients revealed that most users seek out transportation services to get to and from restaurants and other local lifestyle points-of-interest.

Mobike’s service, according to Davis Wang, the company’s chief executive officer and co-founder, aims to provide an affordable means of shared transportation for short urban trips, while reducing congestion and the carbon footprint of cities. 

Once the transaction is complete, Mobike will operate as its own brand with the intention of creating a seamless short-distance travel experience for people in China and internationally.

Related Content

  • IBTTA: tolling embraces future of mobility
    August 15, 2019
    The future of mobility is a complex and changing topic. The IBTTA’s Bill Cramer finds the tolling industry is asking new questions – and finding some surprising new answers
    Read More
  • Passport roundtable examines London’s kerb space priorities
    March 19, 2019
    UK congestion is getting worse, in part due to the influx of deliveries coming into cities. At a roundtable discussion in London, software provider Passport examined new ways in which local authorities can work together to better manage the kerb. Ben Spencer listens in Competition for kerb space is one of the major conundrums of modern urban mobility. Some authorities are being creative about it, but good practice is not widespread. “There are individual pockets of good work going on with cities who a
    Read More
  • Making ITS connections requires leadership
    January 23, 2020
    From making the commute more bearable to saving the planet, Jim Alfred of BlackBerry Certicom believes that ITS has the capacity to drive a range of transformational opportunities – but leadership is required, he warns
    Read More
  • PTV’s software solutions help cities combat congestion and pollution
    January 25, 2018
    Smart cities must rely on a mobility mix, real-time predictive models and collaborations, argues PTV’s Miller Crockart. Transport is reaching a new frontier and cities are at the forefront of the trend: for many urbanites, mobility no longer equals a privately-owned vehicle. They want on-demand services that cater for their individual mobility needs efficiently and sustainably - whether that is shared bikes or autonomous electric vehicles. Private car ownership will not drop overnight. The smooth
    Read More

Highlighted Content