The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
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.
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
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 […]
In the second part of a two-part series, we look at Hello TransTech’s role in Alibaba’s all-in-one lifestyle ambitions.
It is almost two years since Mobike co-founder Hu Weiwei put around 50 bicycles on the streets of Shanghai and drove away. Ofo had a similar beginning, spreading out shared bikes on Beijing’s university campuses. This is how China’s dockless bike rental economy was born—from moves that could easily be branded as crazy. Today, bikes […]
A moral in Ofo’s rise and fall: ‘It is dangerous to violate common sense.’
This week we switch up the format a bit to do our very first interview! Continuing our discussion of bike sharing, we invited Florian Bohnert, Head of International Expansion at Mobike, to talk about Mobike, bike sharing, and their plans inside and outside China. Questions How did you come to China/start working at Mobike? How […]
Bike rental company Mobike has released a report of its user data from the Labor Day holiday weekend, providing one of our first pictures that can be built from bike rental data and an idea of how the company wants to reveal what it knows. “May 1st Little Long Holiday Cycling Report,” generated by the Mobike […]
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” […]