China’s first official bike rental bankruptcy leaves RMB 800 million of deposits in limbo

Bike rental company Xiaoming has officially begun bankruptcy proceedings becoming China’s first bike rental company to do so. The decision of the Intermediate People's Court of Guangzhou, which was in charge of the case, was announced yesterday, July 10th, the Paper reports. Xiaoming (小鸣单车) was part of a big wave of bike rental companies that started to fold and experience troubles with…

Bike rental companies aren’t collecting abandoned bikes because it’s too expensive: report

Despite the transport commission’s demands that impounded bikes be collected by hire bike companies, the cost of doing so, potential per-bike fines when coming forward, and increasing regulation means the firms are staying away, according to an investigation by Q Daily (in Chinese). Piles of thousands of bikes can be seen on the edges of many cities in China. Their sheer scale and waste has been…

Shenzhen bans more than 13,000 people from using bike-rental companies

A total of 13,615 people in the southern Chinese city of Shenzhen will be temporarily banned from using shared bikes due to traffic violations, according to media reports (in Chinese). This is the first batch of traffic offenders that will be punished according to the new rules on shared bicycle users’ behavior issued by the Shenzhen police. The regulation was trialed for one month and went into…

Power bank rentals are taking off in China but will never be as big as bikes

While the buzz surrounding China’s bike rental industry has yet to cool off, power bank rentals, another vertical under the rental economy business model is causing. What happened previously to the trendy sector is repeating itself again in the Middle Kingdom. The carnival surrounding power bank starts with the influx of massive funding. Five startups in the industry have received a combined RMB…

Chinese city wants to regulate bike rental platforms with social credit system

Abandoned bicycles from various bike rental companies including ofo and Mobike. (Image credit: 123RF) Tired of seeing heaps of rental bikes piling up on the sidewalk and blocking traffic, the Chinese city of Foshan wants to punish inconsiderate bike riders through the local social credit system. Users of ofo, Mobike, and other bike rental platforms that park their bicycles disorderly will be…

Mobike responds to claims of inflated numbers

Mobike's new model Chinese bike-rental company Mobike has responded to reports of exaggerated user numbers. A Bloomberg article headlined “Meituan IPO fact-checks Mobike’s fanciful numbers” found that the operation details of Mobike in Meituan Dianping’s public filings were significantly more toned down than the flamboyant numbers that the company had previously released. Mobike was acquired by…

Mobike’s users in Beijing restricted to parking within operational areas

China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes - SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park outside this zone, they will be alerted by text…

Ctrip, Hellobike, and Singulato: Pioneers in smart transportation at TechCrunch Hanghou

In recent years, the internet has become more and more integrated into finding transportation, leading to revolutionary new industries like online taxi-hailing, bike and car rental, and e-buses. At the same time, AI technology like smart traffic lights and autonomous vehicles continues to develop and reshape the transportation industry. At the upcoming TechCrunch International Innovation Summit,…

Mobike removes last hold over user behavior as it trials deposit free in 100 cities

Mobike is extending deposit-free, credit-free bike rentals to a hundred cities. After launching the deposit-free system in Hefei, Hangzhou, Dongguan and other cities in May, it will now spread to a hundred areas–including second and third-tier cities–covering more than half its China cities. The first tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen will not be part of the new scheme,…

As bike rentals cool, ofo chooses to stand alone

China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the market, brightening the streets with a rainbow of bikes. But in the fast-paced tech world, trends come and go quickly. Within a year, over 20 bike startups failed, including once-big names in the field, such as Bluegogo,Coolqi, and Xiaoming. A…