This is the first time for Mobike to pull out of a city because of antisocial behavior.
Mobike promises no more bikes in saturated cities, share big data with the government
In its first major statement since being acquired by Meituan, bike rental giant Mobike is to stop adding new bikes to cities considered to be already saturated with bikes, will share its big data with the government for improved city planning, and put RMB100 million into improving its user credit system, the company announced at […]
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 […]
Ofo starts selling ads on bikes and in apps
Chinese bike rental giant ofo has started selling advertisements on its bikes and apps (in Chinese) in an attempt to boost revenues amid increasing cash strain. The company will launch custom-designed bikes and the bike-body ads will appear in bike wheels, saddle and baskets for clients to reach the public with their messages. Rumors of ofo’s failure […]
Briefing: Uber is coming back to China to make scooters
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
Briefing: HelloBike rebranded as “Hello TransTech”
The company started registering a series of trademarks back in April.
Ofo moves its Beijing headquarters in midst of cash crunch
Ofo’s headquarters have shifted as it faces a reported cash crunch.
Ofo rumor mill continues as they battle whispers of bankruptcy
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.
Ofo’s overseas operations show signs of cash crunch
More signs show that ofo’s cash crunch not only affect its domestic business but also its global expansion plans. The troubled bike hire giant has launched a warehouse sale of its bikes to downsize its operation in Singapore, a source with knowledge of the matter told TechNode. The ofo bikes on sale are sold brand […]