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

  • A Change of Perspective
    December 11, 2017
    Today’s legislators and the public sector in general are often berated for holding back innovation, for delaying the introduction of new products or services and being too slow in revising legislation. In the transport sector, Mobility as a Service (MaaS) is perhaps the ultimate disrupter as it cuts across all travel modes and to make it work will require legislative changes, the cooperation of all transport operators and the release of certain data.
    Read More
  • Ohio displays transit options in Lyft app
    May 27, 2021
    Central Ohio Transit Authority says move will allow ride-hailers to compare modes
    Read More
  • London joining forces with European cities to trial smart technology
    January 21, 2016
    Using the River Thames to heat homes, testing electric bikes and trialling state-of-the-art smart parking bays are just some of the innovative projects to be put to the test in London as part of a Europe-wide technology drive. London is joining forces with cities across Europe in a US$27 million project that will demonstrate how innovative uses of technology can improve the lives of their residents. The Mayor of London, Boris Johnson, in partnership with the Royal Borough of Greenwich has been chosen to
    Read More
  • Haas Alert to expand in Michigan
    January 24, 2025
    MDoT & city of Dearborn are activating Safety Cloud on hundreds of vehicles
    Read More

Highlighted Content