Skip to main content

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

  • December 6, 2018
    Keolis deploys shared mobility service in Bordeaux
    Keolis has launched an on-demand shared mobility service in Bordeaux, France, in a bid to reduce congestion and the impact on the local environment. The Ke’op service operates in a 50km2 area and provides connections to the public transport network of the metropole, including tram lines A and B. Jean-Pierre Farandou, executive chairman of Keolis, says the service should enable the company to meet the needs of transport authorities in areas where density does not justify the installation of major transpor
  • November 30, 2023
    Dubai plans to be 'world’s most bike-friendly city' by 2040
    URB consultancy aims to shift city where car is king to one that rivals Amsterdam
  • October 3, 2022
    Breaking the bias: Making public transport safer for women
    Understanding the lived experiences of women using mass transit systems worldwide will help drive positive change, argue Louise Ribet and Naomi Grant from WhereIsMyTransport
  • July 19, 2016
    Scotland launches pilot MaaS project to improve transport for young people
    The Pick&Mix project currently under development in Scotland aims to create one of the country’s first ever Mobility as a Service (MaaS) applications. The digital service, taking the form of an app or software, will be co-designed by young people, for young people. It aims to improve how they relate to, use and combine travel modes and transport services to meet their lifestyle needs without the requirement to own a car. The Pick&Mix project will take advantage of all available transport options in the u