Hello Inc, formerly known as Hellobike, is the latest Chinese tech company to abandon overseas IPO plans amid increased scrutiny.
Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
The company says it holds over 50% market share in terms of numbers of orders.
Editor’s note: We are very happy to announce the China Tech Talk podcast, a colloboration with ChinaChannel. Every week John and Matthew will discuss the latest trends and happenings in China’s exciting technology ecosystem. At TechNode, we continue to explore new and interesting ways of creating content. Be on the lookout for more in the […]
Ofo has released a revamped app featuring e-commerce offerings on JD.com and Tmall through which users can ‘earn’ back their deposits by shopping rebates.
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
China’s O2O market has seen quite a few companies doing interesting things, some succeeding, some failing. The latest hot vertical is bike-sharing. According to the China’s bike sharing industry mini-report by China Channel, Mobike (backed by Tencent and Foxconn) and Ofo (backed by Didi and Xiaomi) are clear market leaders amongst growing competitors. Founded in January 2015, the […]
The rate increase is part of parent company Meituan’s broader profitability push.
John and Matthew go deeper on bike sharing and respond to some listener feedback. Questions they answer: How many bikes are on the streets? How many users do Mobike and ofo have? How much are these two companies worth? How do they generate revenue? What are some potential monetization strategies? How do Mobike and ofo […]
Troubles for apartment rental platform Qingke highlight the risks in the industry, where highly leveraged financing is used to achieve scale very quickly.