As the bike-rental craze cools down, so do Chinese firms’ ambitious globalization plans.
Briefing: Mobike doubles down on India as ofo departs
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
Briefing: Hello TransTech secures RMB 4 billion in funding
The company says it holds over 50% market share in terms of numbers of orders.
Briefing: Youon continues overseas expansion through parntership with UK Cycle.land
Youon is one of the few Chinese bike rental companies still expanding overseas.
Briefing: Hello TransTech going all in on ride-hailing through partnership with Didi rival
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
Some ofo users can’t unlock bikes from Didi app
Amid rumors of ofo’s acquisition by Didi Chuxing, users are encountering errors when attempting to rent the former’s bicycles through the ride-hailing giant’s app. According to the local media, an error is displayed within the app when scanning an ofo bicycle’s QR code. The message says that the problem has been partially repaired, but Didi cannot resolve […]
Alibaba’s AutoNavi launches ride-hailing service in bid to become a mobility mega platform
As the ride-hailing market in China heats up again, Alibaba-owned AutoNavi (高德地图) also known as Amap has announced that its ride-hailing service Gaode Jiaoche (高德叫车) has gone online, TechNode’s Chinese sister site reports. The move is just another small step for AutoNavi towards building its one-stop mobility aggregation platform. The ride-hailing service is integrated into […]
After Australia, ofo exits Germany amid push into priority markets
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cash crunch over the past few months, has adjusted its overseas operations in line with its plans to focus on priority markets. ofo has begun scaling back its international operations […]