Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
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Posted inUp and Comers
Briefing: Beijing government issues first penalty for a bike-rental company
It is the first time the Beijing government has penalized a bike-rental company for the number of bikes on its streets.
Posted inHeavy Hitters
Didi starts wide layoffs seven months into China’s cybersecurity review
Didi is trimming its workforce in order to reduce operating costs and better cope with intense competition in the ride hailing market.
Posted inUp and Comers
Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
Beijing and Shanghai have given no indication of whether the bans will be lifted.
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 inOn the Cusp
Once a ride-hailing battleground, Nanjing now home to ride-hailing “graveyard”
Nanjing’s limits on rental cars may be a harbinger of things to come.
Posted inOn the Cusp
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 […]
Posted inWith Chinese Characteristics
Blacklists and redlists: How China’s Social Credit System actually works
China’s emerging Social Credit System prompts disquiet—even if no one is watching.
