Cheetah Global has come out with freshly-minted statistics on the state of the bike rental economy in the world. Public bicycles were first started in Europe but have seen their biggest success in the East starting from China’s dockless bike systems ofo and Mobike. According to the global distribution of active users gathered by Cheetah […]
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Mobike, ofo say no to merger despite investor pressures
Despite the rumors and speculation surrounding a possible merger between Mobile and ofo, Mobike co-founder and CEO Davis Wang has made it clear again at TheYearAhead Summit that a “merger is not an option for the company,” local media is reporting. Similarly, ofo founder and CEO Dai Wei also expressed previously that the company would not […]
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ofo announces $866 million funding round led by Alibaba amid cash strain rumors
ofo raises $866 million in latest funding round led by Alibaba
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Mobike lands in Washington D.C., their first US city
Mobike, a major Chinese bike-rental company, has just placed their first batch of bikes in the capital of the United States as part of its ambitious global expansion plan. Closely following its largest rival ofo’s footprint, Mobike chose Washington D.C. as the first city in America to start running its business, whereas ofo just a month ago […]
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Ofo and Mobike aren’t doing so well in Singapore
China’s fast-expanding bike-sharing startups ofo and Mobike both expanded to Singapore earlier this year, but it turns out that the local bike rental operator oBike is winning the local game. Ofo officially launched its service in Singapore this February and saw a surge in the number of users, making it the fifth most downloaded app […]
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2017 Q3 bike rental market analysis from Cheetah lab: Getting ready for winter
Statistics from the Cheetah big data shows that ofo and Mobike still occupy the majority of the bicycle rental market in the third quarter of 2017, Chinese media Lanjing TMT is reporting. As the weather turns colder, bike-sharing apps may witness usage decline compared to the second or third quarter as many people do not ride […]
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Ofo in talks to raise new financing of more than $1 billion
Chinese bike rental company ofo is in talks to raise new financing of more than $1 billion, Reuters is reporting. Ofo’s co-founder Yang Pinjie, now based in the Moscow, told Reuters that the amount of financing may exceed $1 billion, but refused to disclose that what banks were involved in the talks. September 22nd was World […]
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Exclusive: Bluegogo VP confirms leaving the company months ago, staff waiting for salary for months
Bluegogo is going bust. Staff from the bicycle rental company broke the news yesterday that the company is dissolving and salary payments will be delayed until February 10, 2018. TechNode’s Chinese sister site has confirmed that the salaries are indeed delayed and that the company is in a poor state (in Chinese). Even more shocking is that […]
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ofo pedals their way into four European countries on World Car Free Day
The globalization competition between ofo and Mobike, two of China’s top bike rental giants, is reaching a feverish pitch. Instead of revealing the entrance to overseas markets one by one, ofo announced today that it will be launching in a cluster of four European countries of Russia, Czech Republic, Italy and Netherlands on the September […]
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Gold bike startup looks for buyer as users demand deposits back
Crowds of people descend on the Coolqi bike hire scheme’s head office in Tongzhou to get their deposits back as Coolqi founder and CEO Gao Weiwei (高唯伟) tells our sister site that the company is not bankrupt, but that he has been removed as CEO (in Chinese). The company’s WeChat payments have been frozen and it is […]
