Chinese bike sharing company ofo has hit another speed bump in its international markets. According to media reports, Ofo is pulling operations out in cities in Spain, including Madrid, Granada, Valencia, and Marbella, after entering the country less than a year ago. The company told TechNode that ofo is still operating in Spain, but admitted […]
His comments reflect a tech and business ecosystem which is becoming increasingly rational and practical.
The bike rental giant is currently in negotiations about merging with Hello TransTech, previously known as HelloBike.
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 […]
China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park […]
Cash-strapped Ofo could try wheeling its business down another path.
In recent years, the internet has become more and more integrated into finding transportation, leading to revolutionary new industries like online taxi-hailing, bike and car rental, and e-buses. At the same time, AI technology like smart traffic lights and autonomous vehicles continues to develop and reshape the transportation industry. At the upcoming TechCrunch International Innovation […]
China’s massive O2O platform Meituan Dianping is a company that defies categorization. As the company’s founder and CEO Wang Xing once said, it’s hard for them to compare to any other company. Once known as the Chinese equivalents of Groupon and Yelp, Meituan and Dianping merged in 2015 to become a company that sells movie […]
“If I have seen farther than others, it is because I have stood on the shoulders of giants.” Newton’s quote also rings true for developments in technological innovation. China tech has in recent years made great progress from being a follower to becoming a leader in global future trends. TechCrunch International Innovation Summit has always […]
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.