Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
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 […]
It is the first time the Beijing government has penalized a bike-rental company for the number of bikes on its streets.
Beijing and Shanghai have given no indication of whether the bans will be lifted.
Didi is trimming its workforce in order to reduce operating costs and better cope with intense competition in the ride hailing market.
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
The current reduction in bike placement is also a result of a cooling market.
Nanjing’s limits on rental cars may be a harbinger of things to come.
Ofo, a leading bike rental company in China, has set up a research institute to tackle urban bike sharing management problems with blockchain technology, the company announced May 17. According to its press release, ofo’s blockchain research institute aims to use blockchain technology globally to further facilitate big data and IoT (Internet of Things). “This […]