Beijing and Shanghai have given no indication of whether the bans will be lifted.
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Posted inUp and Comers
Crypto lender Babel Finance secures $40 million Series A
Cryptocurrency financial service provider Babel Finance looks to lure investors from traditional finance to the digital assets world.
Posted inUp and Comers
Bike rental firm Hello Global exceeds 300 million users
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
Posted inWith Chinese Characteristics
Guangzhou invites bike-rental firms to bid for quotas after 19-month ban
Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
Posted inUp and Comers
Mobike suspected of GDPR violations in industry-wide German investigation
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
Posted inNews
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. […]
Posted inViews
Luckin may not last, but its model will
More and more fast-growing startups are headed to IPO while hemorrhaging money.
Posted inUp and Comers
Chinese smart scooter maker Niu files for $150 million IPO
Niu’s app, which connects users with their scooters, now has 457,000 registered users.
Posted inUp and Comers
China’s first official bike rental bankruptcy leaves RMB 800 million of deposits in limbo
Bike rental company Xiaoming has officially begun bankruptcy proceedings becoming China’s first bike rental company to do so. The decision of the Intermediate People’s Court of Guangzhou, which was in charge of the case, was announced yesterday, July 10th, the Paper reports. Xiaoming (小鸣单车) was part of a big wave of bike rental companies that started […]
Posted inUp and Comers
Troubled ride hailing company Yidao Yongche gets second wind with former Baidu Waimai chief
China’s ride-hailing market might be in for another stir. Former chairman of Baidu’s food delivery platform Baidu Waimai, Gong Zhenbing, is moving on to become the CEO of ride-hailing platform Yidao Yongche, The Paper is reporting (in Chinese). Yidao went through a rough period in April and May last year after a cash squeeze that […]
