Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
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Posted inOn the Cusp
As bike rentals cool, ofo chooses to stand alone
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 […]
Posted inOn the Cusp
Chinese firms should focus on capital efficiency: GGV Capital
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
