Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
Meituan Bike’s ‘no-contact’ hygienic biking plan: We bring the bikes. You bring the hygiene.
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
Chinese food delivery and services platform Meituan Dianping is shutting down its public cloud service in order to retain focus on its core businesses. Why it matters: Halting its cloud computing services is a major pullback in Meituan’s expansion into enterprise tech, a trend which has formed the basis of many recent moves by competitors including […]
China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.