Updated January 9, 2018: This article was updated to include a statement from Didi.

Details have been released on the Didi Chuxing and Bluegogo tie-up. According to sources quoted by Pingwest (in Chinese), negotiations between the two mobility firms have been completed but Didi will only take over a part of Bluegogo’s business. Didi plans to buy up Bluegogo’s bicycles as a part of its quest to enter the bike rental market. The company has issued a statement regarding its next move.

The ride-hailing firm will inject Bluegogo with cash to pay out late wages for staff. However, when it comes to users’ deposits, Didi will not pay them out directly. Instead, it plans to settle the matter by exchanging them into coupons for rides with Didi. As for supplier arrears, the payments will be left to Bluegogo’s team.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.