Mobike bicycles parked on the street in the Futian district in Shenzhen in 2019. Photo: SCMP / Roy Issa
Mobike bicycles parked on the street in the Futian district in Shenzhen in 2019. Photo: SCMP / Roy Issa
Tech

The rise and fall of Mobike and Ofo, China’s bike-sharing twin stars

  • Mobike has officially halted operations of its mobile app and WeChat mini programme, fully merging under its parent company Meituan
  • The Beijing-based brand and rival Ofo used to dominate China’s bike-sharing industry, but their cash-burning tactics failed to pay off

Topic |   Bike-sharing services
Coco FengJosh Ye
Coco Feng in Beijingand Josh Ye in Hong Kong

Updated: 10:02pm, 27 Dec, 2020

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Mobike bicycles parked on the street in the Futian district in Shenzhen in 2019. Photo: SCMP / Roy Issa
Mobike bicycles parked on the street in the Futian district in Shenzhen in 2019. Photo: SCMP / Roy Issa
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