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

  • March 30, 2017
    Connected citizens boosts Boston’s traffic management
    Data-derived traffic management is starting to show benefits as David Crawford discovers. The city of Boston has been facing growing congestion problems in its Seaport regeneration district, with the rate of commercial and residential growth threatening to overtake the capacity of the road network to respond.
  • May 4, 2016
    Priority boosts ridership and cuts congestion
    Transit priority is proving a win-win in Europe and Australia. David Crawford reports. Technology that integrates with the Australian-originated Sydney Coordinated Adaptive Traffic System (SCATS) is driving bus signal priority and performance analysis initiatives on both sides of the world; in its homeland, with a major deployment in 2015, and in the capital of the Republic of Ireland.
  • December 11, 2023
    Denmark will check-in with Fairtiq
    Swiss ticketing provider to deliver pay-as-you-go solution to Rejsekort & Rejseplan
  • September 8, 2014
    Rapid growth makes Texas an incubator for tolling innovation
    As the IBTTA’s annual meeting and exhibition heads for Austin, Mitchell Beer, president of Smarter Shift, considers the role of Texas in the development of tolling strategies and technology. The State of Texas has always prided itself on being ‘larger than life’. From the sprawling geography of the state itself with its wide open skies, to its entrepreneurial ‘get-it-done’ attitude, Texas exudes an impatient restlessness that pushes businesses and public agencies to deliver faster, better results. More ofte