All of China’s most visible mobility players have undergone significant change over the last 12 months.
Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
This week, John and Matt talk about recent developments in China’s mobility and the O2O market as Meituan acquires Mobike and joins others encroaching into Didi territory. Links Didi recruits food delivery riders in Wuxi to challenge Meituan Meituan acquisition of Mobike seems a done deal Fresh and driver-friendly: Meituan Dache’s first day in Shanghai […]
Ride-hailing, bike rental, and food delivery services were all affected.
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
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 […]
China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.