Foshan will require Mobike, ofo, and other bike rental companies to hand over users blacklisted for bad parking.
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 […]
Cash-strapped Ofo could try wheeling its business down another path.
China has become addicted to debt. Now, its tech industry is hooked too.