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 […]
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Updated: Alibaba rumored to deepen involvement in bike-rentals with upcoming $1 bln Hellobike investment round
Updated 23 Jan 2017: TechNode Chinese has reached out to Hellobike, Fosun Capital and Hellobike’s early-stage investor GGV, but neither has confirmed the news. Chinese bike rental firm Hellobike (哈罗单车) is going to complete $1 billion worth of round from Ant Financial (an affiliate company of Alibaba Group), Fosun Capital, and some other existing investors, people familiar […]
Posted inNews
2017 Q3 bike rental market analysis from Cheetah lab: Getting ready for winter
Statistics from the Cheetah big data shows that ofo and Mobike still occupy the majority of the bicycle rental market in the third quarter of 2017, Chinese media Lanjing TMT is reporting. As the weather turns colder, bike-sharing apps may witness usage decline compared to the second or third quarter as many people do not ride […]
Posted inOn the Cusp
Briefing: HelloBike rebranded as “Hello TransTech”
The company started registering a series of trademarks back in April.
Posted inTurf Wars
Ele.me partners with HelloBike amid escalating battle with Meituan
Ele.me and HelloBike have moved into a new partnership for sharing users base with each other.
