China’s "Amazon for services" wants to hail rides and rent bikes too
Consumer app Meituan buys Mobike, as it beefs up transportation options to take on Didi
The app used by people in China when they want to buy movie tickets, have food delivered or book a hotel may now be able to rent bikes too.
Mobike has struggled along with the rest of China’s bike sharing industry, which grew rapidly in 2016 -- and declined just as quickly, as competitors flooded the market.
It's part of a trend from China’s big internet services and apps, as they try to grow beyond their original focus to become ecosystems of their own, trying to lock in consumers by offering everything they need in one place.