The company says it holds over 50% market share in terms of numbers of orders.
The Chinese capital is reinforcing electronic fences for bike rentals. The designated parking zones will prevent bike users parking haphazardly, according to Xinhua report (in Chinese). Last year, regulators issued parking guidelines to encourage bike users to park in an orderly manner, but the guidelines were not strictly imposed. Now, regulators are enforcing the guidelines […]
Youon is one of the few Chinese bike rental companies still expanding overseas.
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cash crunch over the past few months, has adjusted its overseas operations in line with its plans to focus on priority markets. ofo has begun scaling back its international operations […]
The company started registering a series of trademarks back in April.
The bike rental giant is currently in negotiations about merging with Hello TransTech, previously known as HelloBike.
ofo raises $866 million in latest funding round led by Alibaba
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 […]
Updated January 9, 2018: This article was updated to include a statement from Didi. Details have been released on the Didi Chuxing and Bluegogo tie-up. According to sources quoted by Pingwest (in Chinese), negotiations between the two mobility firms have been completed but Didi will only take over a part of Bluegogo’s business. Didi plans […]