Meituan Bike is a technology company.
Meituan Bike has raised $820.0M across 2 funding rounds.
Meituan Bike has raised $820.0M in total across 2 funding rounds.
Meituan Bike has raised $820.0M in total across 2 funding rounds.
Meituan Bike's investors include INCE Capital, Tiger Global Management.
Meituan Bike (also known as Meituan Bicycle or Meituanbike) is a leading bike-sharing service in China, operated by Meituan, a major technology platform for local services.[1][2][3] It provides stationless bicycle and e-bike sharing, serving hundreds of millions of users daily across hundreds of cities with millions of bikes, addressing short-distance urban travel needs while integrating with Meituan's broader ecosystem of food delivery, ride-hailing, and consumer services.[1][3][4] The service solves urban congestion and last-mile connectivity problems, offering convenient, eco-friendly mobility that links to shopping, errands, and entertainment via the Meituan app, with strong growth fueled by Meituan's logistics network and user base of nearly 690 million.[2][3][4]
Meituan Bike originated from Mobike, founded in 2015 by former journalist Hu Weiwei and co-founder Wang Xiaofeng (also known as Davis Wang, ex-Uber Shanghai GM), who pioneered stationless bike-sharing in Beijing.[1][6] Mobike rapidly expanded, building custom durable bikes from April 2016, making Shanghai the world's largest bike-share city by December 2016, and raising nearly $1 billion in 2017 funding led by Tencent, reaching a $3 billion valuation.[6] In April 2018, Meituan—a Beijing-based tech firm founded in 2010 by Wang Xing—acquired Mobike for $2.7 billion (some reports cite $3.4 billion), rebranding it as Meituan Bike in 2019 with yellow bikes replacing Mobike's orange ones.[1][2][5][6] This integration leveraged Meituan's scale, eliminating user deposits to boost adoption and early traction in major cities like Beijing and Shanghai.[2][5]
Meituan Bike rides China's urban mobility and "new retail" trends, capitalizing on dense cities like Shanghai, Beijing, and Shenzhen where bike-sharing eases traffic and supports eco-friendly last-mile logistics amid rising e-commerce.[1][2][3] Timing aligns with post-2018 market consolidation—after Mobike/ofo hype—where Meituan's 2018 acquisition created a dominant player (56%+ market share pre-acquisition), integrating with its 9 million merchants and delivery network.[4][5] Favorable forces include government pushes for green transport, AI advancements, and synergies with Meituan's autonomous delivery vehicles (launched 2021 via Li Auto partnership), influencing the ecosystem by standardizing shared mobility and boosting super-app models.[1][2]
Meituan Bike will likely expand e-bikes, AI routing, and autonomous integrations, capitalizing on Meituan's $27.8 billion 2021 revenue and 100,000+ employees to deepen urban dominance.[1][4] Trends like driverless tech and sustainable logistics will shape growth, potentially evolving its role from mobility provider to core enabler in China's integrated "local services" super-ecosystem.[1][3] As Meituan Bike powers efficient short trips for millions, it exemplifies how acquired innovators like Mobike fuel broader tech platforms' scale and resilience.[6]
Meituan Bike has raised $820.0M across 2 funding rounds. Most recently, it raised $600.0M Series E in June 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2017 | $600.0M Series E | INCE Capital, Tiger Global Management | |
| Jan 1, 2017 | $220.0M Series D | INCE Capital, Tiger Global Management |