Beijing and Shanghai have given no indication of whether the bans will be lifted.
Cryptocurrency financial service provider Babel Finance looks to lure investors from traditional finance to the digital assets world.
Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
Niu’s app, which connects users with their scooters, now has 457,000 registered users.
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 […]
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 […]