Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.
Ofo, one of China’s many bike-rental brands, will be incorporated into Didi Chuxing, the world’s largest ride-hailing platform, according to media reports. The move comes shortly after ofo’s chief competitor, Beijing Mobike Technology Co., integrated with WeChat, a popular messaging app in China.
Ofo’s founder, Dai Wei, confirmed the claims were true, Tech.163.com reported. There will not be a merger in bike-rental akin to the combination of Didi and Uber last year, he added.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.