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Mobike to double annual bike production through partnership with iPhone maker Foxconn

Chinese bike-sharing Mobike is starting the New Year with good news. Just three weeks after receiving 215 million USD fresh funding, the startup announced a strategic partnership with Foxconn, the Taiwanese manufacturing giant behind Apple’s iPhone and numerous other major electronics devices. As part of this deal, Foxconn has also become a strategic investor in […]

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US firm says ofo leading bike rental race in China

The public spat between Tencent’s CEO Pony Ma and GSR Ventures managing director Zhu Xiaohu over who is the most popular bike rental platform has added fuel to China’s already heated bike rental industry. The discussions between investment moguls make it difficult for onlookers to dig up into the correct figures in the burgeoning market. Even […]

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3 Chinese journalists who turned into successful tech entrepreneurs

The gradual and painful demise of traditional media has seen more and more talented journalists seek new opportunities. Among the options, starting a business of their own is becoming a favorable alternative. Obviously, journalists would make good entrepreneurs for their expertise in detecting and addressing the latest trends. Moreover, they surely enjoy abundant contact resources to […]

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[Updated] The bike-rental war is creating unsustainable demand for bikes

China’s booming bike-sharing business has been disrupting the country’s traditional bike industry landscape, while also being acclaimed by city travelers for playing its part in cracking the hard nut of the last kilometer of their journey. After receiving multi-billion RMB investments from 30-some institutional investors, major bike-sharing services Mobike, Ofo, and their competitors have been […]

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Are China’s bike-sharing platforms really part of the sharing economy?

China’s O2O market has seen quite a few companies doing interesting things, some succeeding, some failing. The latest hot vertical is bike-sharing. According to the China’s bike sharing industry mini-report by China Channel, Mobike (backed by Tencent and Foxconn) and Ofo (backed by Didi and Xiaomi) are clear market leaders amongst growing competitors. Founded in January 2015, the […]

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[Podcast] China Tech Weekly March 19: Airbnb inches closer to the Chinese market?

Editor’s note: This originally appeared on China Tech Insights, an English research unit affiliated to Tecnent’s Online Media Group. In this week’s episode: Listen to the episode here or subscribe. Chinese companies made their debut at this year’s SXSW. Heated bike-sharing venture Mobike, China’s Quora-equivalent Zhihu, among others, shared their view on how Chinese technology is […]