Jump to content
Search In
  • More options...
Find results that contain...
Find results in...
  • Donation Box

    Please donate to support the community.
    We appreciate all donations!
The_King

Bicycle-sharing firm Mobike raises bike rental prices

Recommended Posts

 

 

colin-mob2-2.jpg?itok=3216vYBc&timestamp

SINGAPORE - Major bicycle-sharing firm Mobike, which has a fleet of 20,500, has nearly doubled its bike rental prices.

According to the China-based firm's website, the rental rate for a single trip costs 99 cents for every 20 minutes, up from its previous rental rate of 50 cents per 20 minutes.

The new pricing kicked in on Thursday (Nov 1), Chinese newspaper Shin Min Daily News reported.

Its price hike follows competitor ofo's rental rate increase last month, and comes after a new licensing fee that kicked in on Thursday.

In line with the Land Transport Authority's (LTA) regulations, Mobike paid $30 to operate each bicycle for two years, as well as a security deposit of $30 per bike.

There are currently six firms operating 40,500 bikes in Singapore - Mobike has the largest fleet, followed by ofo with 10,000 bicycles.

The prices for Mobike's passes have not increased - a 30-day pass costs $7.99, a 90-day pass costs $19.99, and a 180-day pass costs $36.66.

 

Mobike removed its deposit fees in June this year, and there are no costs for reserving or cancelling a bike rental.

Mobike told The Straits Times that it updates its fees based on supply and demand, in order to support a sustainable business.

It added: "Singapore was the first city outside of China to welcome Mobike, and we look forward to continuing to be part of the city for many years to come."

Commenting in October on ofo's price hike, Singapore University of Social Sciences transport economist Walter Theseira said then that it may just be a matter of time before other companies raise their prices as well.

Dr Theseira added that these other companies would stick to lower prices initially, but could increase their rates should ofo's business be unaffected by the higher prices.

 

 

https://www.straitstimes.com/singapore/transport/bicycle-sharing-firm-mobike-raises-bike-rental-prices

 

Share this post


Link to post
Share on other sites
1 minute ago, XianGe said:

It will reach a point ppl will jz buy own bike...

TB only 30++ for  a bike

Share this post


Link to post
Share on other sites
6 minutes ago, Londonchocolateroll said:

But the shipping will probably be double the price of the bike

if you use ezbuy and prime member, the shipping is $3.

 

2 yr ago i brought a 2 bookshelf speaker 6.5inch driver about 30kg for a shipping fee of $3 only

  • JSKM 1

Share this post


Link to post
Share on other sites

Is expected ... thesre is only so much kumgong fund to burn...

long term survival is another set of problems...

the world is waiting for the first unicorn to fall...

@socrates469bc said is uber.

Edited by absoluthell
  • Like 1

Share this post


Link to post
Share on other sites
10 hours ago, The_King said:

if you use ezbuy and prime member, the shipping is $3.

 

2 yr ago i brought a 2 bookshelf speaker 6.5inch driver about 30kg for a shipping fee of $3 only

Now ezbuy still can buy from tiongland?

Share this post


Link to post
Share on other sites
3 hours ago, XianGe said:

Now ezbuy still can buy from tiongland?

Still can but for 11.11 I don't think can

  • Like 1

Share this post


Link to post
Share on other sites

Maybe i should sell my rarely used foldable bicycle since demand for it gonna go up liao. Never pump air though lol

  • Thanks 1
  • Confused 1

Share this post


Link to post
Share on other sites
7 hours ago, Camper said:

Maybe i should sell my rarely used foldable bicycle since demand for it gonna go up liao. Never pump air though lol

Maybe the tyre disintegrating liao

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×