The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
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 […]
The company says it holds over 50% market share in terms of numbers of orders.
Youon is one of the few Chinese bike rental companies still expanding overseas.
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 […]
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
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 […]