Beijing and Shanghai have given no indication of whether the bans will be lifted.
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Meituan-Dianping rumored to acquire Mobike for $3.7 billion
Editor’s note: Rumors are rife in China, especially so in a hotly contested area like transportation and O2O services. This news is unconfirmed and the veracity of Mobike’s financial and operational situation as outlined is unclear. Update 10:02 04 Apr 2018: The purchase has been confirmed by multiple sources. Follow our coverage here. Rumors of […]
Posted inOn the Cusp
Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
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What do you think of Mobike and Ofo expanding to your country? We asked
Chinese bike rental companies Mobike and ofo expanded to more than 30 countries last year. While attending the SeedStars Summit 2018 in Lausane, Switzerland, we asked people from 5 different countries what they think about Chinese bike rental startups’ expansion into their home countries. Recent data from Cheetah shows that China’s active users of bike […]
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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 […]
Posted inHeavy Hitters
Failures and opportunities: A pivotal moment for China’s mobility industry
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
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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 […]
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 […]
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Mobike accelerates European expansion with second stop in Italy
Shortly after launching in UK last month, Chinese bike-sharing giant Mobike announced Tuesday that it’s pedaling its way to a second stop in Europe—Italy—in an extended competition with its arch-rival ofo for the global market. The firm said it would first launch several hundreds of Mobikes in Florence across selected high-demand areas with a promotion rate […]
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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 […]
