Didi is trimming its workforce in order to reduce operating costs and better cope with intense competition in the ride hailing market.
Search results
Posted inHeavy Hitters
Didi reprimanded for introducing new shared bikes in Beijing in red tape snafu
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
Posted inHeavy Hitters
Ofo is going to use blockchain to solve bike rental problems
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 […]
Posted inHeavy Hitters
Despite cash troubles, ofo denies renewed rumors of Didi acquisition
Minority shareholders have reportedly begun receiving documents about the deal.
