Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
Search results
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 inOn the Cusp
Briefing: Bike rental cool down prompts calls for policy change
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
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 inTurf Wars
Briefing: Chinese bike rental firms reduce bike placements in major cities
The current reduction in bike placement is also a result of a cooling market.
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 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 inNews
ofo’s B2B business claims to hit the RMB 100 million revenue mark
Amidst signs of a serious cash crunch, ofo claims that its B2B business has made over RMB 100 million in revenue. In an interview with local media, Shao Yi, the head of ofo’s B2B business division, revealed that “ofo B2B business is going smoothly. As of now, its revenue has passed the RMB 100 million mark. At […]
