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Meituan's restructuring of Mobike to last through this year

Company plans to charge annual fee on restaurant-management system

Drivers of food delivery service Meituan are seen in Shanghai. The company expects the restructuring of its bike-sharing business to last through this year.   © Reuters

HONG KONG (Nikkei Markets) -- Food-delivery and online services company Meituan Dianping expects the restructuring of its bike-sharing business, which has been a drag on its profitability, to last through the remainder of this year.

It also intends to strengthen presence in lower-tier Chinese cities for food-delivery services and grow revenue from restaurant-management tools over time by charging merchants an annual fee.

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