Months after dropping a hint for taking its services to overseas market, China’s top bike-rental startup Mobike announced today the launch of its hugely popular bike-sharing service in Singapore, the first stop of Mobike’s global expansion. Mobike’s operation in Singapore features its typical scan-and-go service. Singapore residents can now ride a Mobike by downloading the […]
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Ofo launches in US capital, hopes to conquer US market within a year
Ofo, China’s leading bike rental company, announced October 10 its launch in Washington, D.C., following Seattle and Massachusetts. The fast-expanding firm will deploy 400 of its yellow bikes over the course of its first week, as the local government only allows 400 bikes on the streets during the “demonstration stage.” The local regulator appears to be extra […]
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[Infographic] The differences between Mobike and Ofo
As the ride-hailing wars have disappeared, the latest war is bike-sharing (more like bike-rental), with Mobike and Ofo leading the pack. In case you weren’t sure how exactly they are different, WakeMeChat has made this handy infographic: Mobike’s technology seems to be a bit better, but how either company is actually making money is still a […]
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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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[Updated] O2O bike-rental deposits in China may not be as secure as users think
You must have noticed the boom bike-rental companies in China as an increasing array of rainbow colored bikes mushrooming on streets across the country. Endless financing rounds from big names like Tencent, Didi, and Foxconn have been injected into one or another of the startups that involved in a heating field. Despite the initial “wows” […]
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8 questions about Chinese tech we will see answered in 2017
In the tech industry, new innovations are constantly supplanting old ideas and seemingly stable companies can find themselves facing unexpected challenges. However, the trends we saw started in 2016 posed questions that have yet to be answered. Here are eight of them we think will be answered in 2017. 1. Can Alipay effectively deter the aggressive rise […]
