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

  • Communications hold key to expanding ITS wireless network expansion
    December 21, 2017
    Wireless transmission of data and control information is making smarter traffic management easier and cheaper to install. It has long been known that connectivity is the key to improving traffic management and many cost-benefit studies prove that investment in new technology can be justified in terms of reduced congestion, shorter travel times, improved safety and air quality. However, many authorities’ cap-ex budgets only cover urgent matters, not improvements, making it difficult, if not impossible to
    Read More
  • Virtual ITS European Congress 2020: report
    November 25, 2020
    ITS industry ‘needs to make a move towards each other’, Congress delegates hear
    Read More
  • Kapsch offers EETS–compliant Tolling Services
    June 7, 2017
    Kapsch’s Bernd Eberstaller explains how the company’s new Tolling Services will help expand the number and capabilities of EETS services providers. By 2017, the European Electronic Tolling Service (EETS) should have been in operation for several years but it still remains some way away and with several significant hurdles still to be addressed. The concept behind EETS is simple enough: road users should be able to drive across Europe using only a single transponder to pay for all tolls, with the account-han
    Read More
  • Berliner Verkehrsbetriebe and ViaVan launch on-demand ridesharing service
    January 3, 2018
    Berliner Verkehrsbetriebe (BVG) and ViaVan, a joint venture between Mercedes-Benz Vans and Via have launched a two-year project to create an on-demand ridesharing service in Berlin with routes that can be adapted by its passengers, in Spring 2018. The pilot aims to reduce congestion through deploying 50 Mercedes-Benz vehicles with plans to expand the fleet to 300. Public acceptance of the scheme will also be assessed. Each journey starts and ends at a virtual stop which is shared with other passengers.
    Read More

Highlighted Content