Chinese Bike sharing startup Mobike loses more than 200,000 dockless bikes to theft and vandalism in 2019

Mobike, a Chinese bike sharing startup which later rebranded as Meituan Bike, announced it lost more than 200,000 bikes to theft and vandalism in 2019. In a blog post published last Friday, Mobike said more than 200,000 of its rent-by-app bicycles were lost to theft or vandalism in 2019. The company also thanked its users for chipping in and reporting stolen and damaged bikes, adding that it received reports from over 189,000 users.

Owned by e-bike food delivery service Meituan Dianping of China since May last year, Mobike was one of the leading three startups in the venture-capital-backed “dockless” bike share boom that took cities around the world by surprise in 2016 and 2017. Scores of the bicycles—which did not require sidewalk docks—were dropped into central business districts, often without permission from urban authorities.