Bluegogo CEO announces sale of company, admits to management mistakes in open letter

Founder of Bluegogo, Li Gang authored an open letter on November 16th stating that the Bluegogo has reached a strategic cooperation with Chengdu-based Green Bike-Transit (拜客出行). Green Bike-Transit will be fully authorized to operate the Bluegogo.

About the unpaid salary to Bluegogo employees, Li Gang also said, “Owing to everyone’s salary, I will try my best to solve it as soon as possible.”

Li Gang is not only the co-founder of Bluegogo but also the founder of SpeedX (野兽骑行). After Li Gang’s first smart performance bike SpeedX received RMB 150 million series B funding in November 2016, Gang established bike rental startup Bluegogo.

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