As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
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Posted inTurf Wars
Briefing: Mobike doubles down on India as ofo departs
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
Posted inOn the Cusp
As bike rentals cool, ofo chooses to stand alone
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the market, brightening the streets with a rainbow of bikes. But in the fast-paced tech world, trends come and go quickly. Within a year, over 20 bike startups failed, including […]
Posted inTurf Wars
Briefing: Hello TransTech secures RMB 4 billion in funding
The company says it holds over 50% market share in terms of numbers of orders.
Posted inTurf Wars
Briefing: Youon continues overseas expansion through parntership with UK Cycle.land
Youon is one of the few Chinese bike rental companies still expanding overseas.
Posted inTurf Wars
Ofo’s “darkest hour” becomes gloomier as Didi acquisition rumors swirl again
Chinese ride-hailing giant Didi Chuxing is reportedly closing an acquisition deal of ofo, the last remaining major independent player in China’s bike-rental industry, local media reported citing people familiar with the matter. The source disclosed that Didi already sent due diligence team to ofo over the past two to three weeks. The two parties are […]
Posted inTurf Wars
Briefing: Hello TransTech going all in on ride-hailing through partnership with Didi rival
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
Posted inTurf Wars
Some ofo users can’t unlock bikes from Didi app
Amid rumors of ofo’s acquisition by Didi Chuxing, users are encountering errors when attempting to rent the former’s bicycles through the ride-hailing giant’s app. According to the local media, an error is displayed within the app when scanning an ofo bicycle’s QR code. The message says that the problem has been partially repaired, but Didi cannot resolve […]
Posted inTurf Wars
Ele.me partners with HelloBike amid escalating battle with Meituan
Ele.me and HelloBike have moved into a new partnership for sharing users base with each other.
Posted inTurf Wars
Alibaba’s AutoNavi launches ride-hailing service in bid to become a mobility mega platform
As the ride-hailing market in China heats up again, Alibaba-owned AutoNavi (高德地图) also known as Amap has announced that its ride-hailing service Gaode Jiaoche (高德叫车) has gone online, TechNode’s Chinese sister site reports. The move is just another small step for AutoNavi towards building its one-stop mobility aggregation platform. The ride-hailing service is integrated into […]
