Shared Bicycle Operators in Beijing Implement New Pricing, Extending Base Duration to 60 Minutes

Deep News06-18 11:22

Major shared bicycle platforms in Beijing have announced adjustments to their pricing structures. According to recent checks, Meituan and DiDi's Qingju service are set to implement new fare rules starting June 19, following a similar earlier adjustment by Hello in the city.

Meituan's new pricing, effective from June 19, modifies the base fare for weekdays and weekends. The initial charge is now 1.88 yuan for 60 minutes, up from the previous 1.5 yuan for 30 minutes. The fee for usage exceeding 60 minutes remains at 0.1 yuan per minute. For public holidays, the base fare is standardized at 1.88 yuan for 60 minutes, down from the former rate of 2.5 yuan for the same duration, with the per-minute overage fee unchanged.

Consequently, Meituan's weekday and weekend base fare has increased by 0.38 yuan, but the included riding time has doubled from 30 to 60 minutes. The holiday base fare has decreased by 0.62 yuan.

DiDi's Qingju service is implementing its new rules in two phases. Starting June 19, the holiday base fare will change from 1.5 yuan for 30 minutes to 2.5 yuan for 60 minutes. Then, from June 22, the weekday and weekend base fare will shift from 1.5 yuan for 30 minutes to 1.99 yuan for 60 minutes. The per-minute overage fee stays at 0.1 yuan.

This adjustment means DiDi Qingju's holiday base fare rises by 1 yuan with a doubling of included time, while the weekday and weekend fare increases by 0.49 yuan, also extending the base duration to 60 minutes.

It was noted that Hello had already increased its base fare ahead of these changes. Its current pricing is now aligned with the new DiDi Qingju rates, featuring a weekday base fare of 1.99 yuan for 60 minutes.

In summary, the key change across these platforms is an increase in the base fare coupled with an extension of the included riding time from 30 to 60 minutes. The impact on users varies by trip length. For instance, under Meituan's new rules, a 45-minute weekday ride now costs 1.88 yuan, compared to 3 yuan under the old pricing. However, a short 10-minute ride now costs 1.88 yuan, up from 1.5 yuan previously.

Therefore, the adjustments result in higher costs for very short trips but offer slight savings for rides lasting between 30 and 60 minutes.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment