Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]
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Looking back at ChinaBang: Mobike – Startup of the Year 2017
TechNode has been organizing the annual “China Bang Awards” since 2011. Over the past few years, TechNode has witnessed a large number of emerging startups grow into unicorns. For the upcoming ChinaBang Awards 2018, TechNode has started a special report to review the history of China Bang Awardees. Startups abound in a broader context of innovation. […]
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Meituan-Dianping rumored to acquire Mobike for $3.7 billion
Editor’s note: Rumors are rife in China, especially so in a hotly contested area like transportation and O2O services. This news is unconfirmed and the veracity of Mobike’s financial and operational situation as outlined is unclear. Update 10:02 04 Apr 2018: The purchase has been confirmed by multiple sources. Follow our coverage here. Rumors of […]
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What do you think of Mobike and Ofo expanding to your country? We asked
Chinese bike rental companies Mobike and ofo expanded to more than 30 countries last year. While attending the SeedStars Summit 2018 in Lausane, Switzerland, we asked people from 5 different countries what they think about Chinese bike rental startups’ expansion into their home countries. Recent data from Cheetah shows that China’s active users of bike […]
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State inspection reveals quality issues in several brands of bike rentals
Some of the fashionable shared bicycles we ride every day are not as save as we thought.
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Mobike updates credit score system, will charge RMB 100 per 30 minutes for low scorers
Bike rental firm Mobike has updated its credit score system. Renters who misuse their bike rental system will be charged up to RMB 100 for 30 minutes of cycling. The update is global and in China comes after Haidian District Court issuing Mobike with judicial advice and increased pressure on bike rental companies from local […]
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China Tech Talk 42: China’s mobility and transport market gets all mixed up
This week, John and Matt talk about recent developments in China’s mobility and the O2O market as Meituan acquires Mobike and joins others encroaching into Didi territory. Links Didi recruits food delivery riders in Wuxi to challenge Meituan Meituan acquisition of Mobike seems a done deal Fresh and driver-friendly: Meituan Dache’s first day in Shanghai […]
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Aligning business and technical talk: 4 takeaways from Mackevision and Mobike
Xiaoming, a product manager at an international gaming company, is very nervous on his first day. His manager briefs him on expectations and current projects. Xiaoming walks out of the meeting still a little confused but doesn’t want to ask any questions that may seem stupid. Based on his previous experience, he thinks enhancing user […]
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China Tech Talk 50: The best of China Tech Talk’s first year, part 1
This week, John and Matt take a look back at 1 year of podcasting and pull out the best part of the best episodes. This is part 1 of 2. Links 04: Interview with Florian Bohnert 10: Influencers in China & the future of brands with Elijah Whaley 15: Baidu ain’t that bad with Kaiser […]
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Global bike rental is about to get even bigger: Cheetah Global report
Cheetah Global has come out with freshly-minted statistics on the state of the bike rental economy in the world. Public bicycles were first started in Europe but have seen their biggest success in the East starting from China’s dockless bike systems ofo and Mobike. According to the global distribution of active users gathered by Cheetah […]
