All of China’s most visible mobility players have undergone significant change over the last 12 months.
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.
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 […]
Ride-hailing, bike rental, and food delivery services were all affected.
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 […]
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 […]
Caocao Zhuanche(曹操专车) an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB 1 billion ($156 million) series A round from various investors, at a valuation of over RMB 10 billion ($1.6 billion), Sina Technology is reporting. Investors in the round were not disclosed. With the new funding, the company plans to expand in cities […]
Chinese ride-hailing behemoth Didi is beta-testing its electric bike rental service in South China, a person with knowledge of the matter told TechNode. Didi is said to have won the initial support of at least three cities. The firm is expected to develop its own bike rental brand, or potentially a separate app, with an access […]
The bike rental war between Mobike and its rival ofo is still ongoing in China, with no end in sight. The pair has been waging an all-out war in terms of bike quantity and technology on and beyond their home turf. Now they set their sight on user experience. Mobike announced yesterday that it has […]
Some call Uber’s China foray a failure but looking at the DNA of the company, its values of radical ownership and operational focus have reshaped entrepreneurship in China. This week, Matt and John talk about the lasting impact Uber has had on the entrepreneurs and their startups since they exited China. Links Chenyu Zheng: Did Uber […]