China has just seen its first merger in the burgeoning bike-rental sector. Youon (永安行), the Changzhou-based bike-rental startup which went public in August, announced yesterday the merger of Hellobike, another bike-rental player in China. Youon posted a statement on its website, announcing its sister company Youon Ditan (永安行低碳科技) merging with Shanghai Jun Zheng Network Technology […]
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Car sharing app Ezzy facing closure, users unable to withdraw RMB 2000 deposits
After bike sharing, power bank sharing, and sleep sharing (previously known as “hotels”), car sharing might be another area which is nearing bankruptcy. News broke out that car sharing company Ezzy has been disbanded and stopped service. The worst part is that users are currently unable to withdraw their RMB 2000 deposit, according to user […]
