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.
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 […]
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
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 […]
Hello Transtech, an Alibaba-backed mobility unicorn, is streets ahead of the bikesharing firms that have come before it.
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
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 […]
On March 17, investors in both Ofo and Mobike took the stage at ChinaBang Awards 2017 to discuss the future of the bike-rental industry. Grace Gu, principal at Ofo-investor ZhenFund, and Xu Ying, Executive Partner of Mobike-investor Vertex Ventures talked about where they see the bike war heading. “We cannot say if there will be a merger between these […]
In the second part of a two-part series, we look at Hello TransTech’s role in Alibaba’s all-in-one lifestyle ambitions.
A moral in Ofo’s rise and fall: ‘It is dangerous to violate common sense.’