Didi Chuxing has announced that it is launching its bike rental platform today in Beijing and Shenzhen. The platform will be integrated into the ride-hailing giant’s original app and will include both ofo’s and Bluegogo’s bicycles. The company plans to offer its platform in other parts of the country in the future.

The announcement came after DiDi said last week that it plans to take over the bike rental business from troubled Bluegogo. The ride-hailing firm plans to inject Bluegogo with cash to pay out late wages for staff. However, when it comes to users’ deposits, Didi said it will settle the matter by exchanging them into coupons for rides with Didi.

According to the company’s press release, Bluegogo’s blue bikes will gradually return to the streets of Beijing and Shenzhen. Users will be able to ride Bluegogo’s bikes without paying a deposit by submitting their Sesame Credit score, operated by Alibaba’s financial arm Ant Financial, local media has reported.

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.

Monthly Membership

Yearly Membership

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.