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

  • January 9, 2018
    MaaS Market Conference examines transportation’s new options
    Second MaaS Market conference highlights pilots and fledgling services from around the world. That a revolution in the provision of transport services is underway is no longer in doubt. The only uncertainties are the precise form that revolution will take; who will be the winners and losers; and how long it will be before it takes root. Driven by passionate advocates of Mobility as a Service or – MaaS – a wide range of projects and different approaches are being developed worldwide. It is that move from
    Read More
  • November 30, 2020
    CoMotion LA Live 2020: report
    November’s CoMotion LA Live event looked at new technology, emerging partnerships – and how Joe Biden’s ‘super-commuter’ status might just stand future mobility in good stead
    Read More
  • December 6, 2017
    Moia’s ride pooling concept plans to replace 1 million cars on roads
    Moia, the mobility startup from Volkswagen Group, has introduced a fully electric six-seated car as part of its ride pooling concept that plans to replace 1 million cars and reduce congestion on major cities in Europe and the USA by 2025. The car, unveiled at TechCrunch in Berlin, will launch in Hamburg at the end of next year. Volkswagen Commercial Vehicles and Volkswagen Osnabrück planned, developed and built the Moia car, which according to WLTP-standard has a range of more than 300km and can be charged
    Read More
  • November 23, 2017
    Mobility pricing offers new tools for managing mobility
    Mobility pricing is the best way of sustaining and enhancing mobility, argues Moving Forward Consulting’s Josef Czako. Mobility pricing (MP) is effectively the culmination of the ‘user pays’ principle and has been referred to in many policy discussions about electronic toll collection, road user charging (RUC), and pricing. MP not only reflects the ‘use more, pay more’ nature of RUC, it also takes account of the external cost of journeys including pollution, noise, the cost of congestion and accidents.
    Read More

Highlighted Content