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Posted inOn the Cusp

As bike rentals cool, ofo chooses to stand alone

by Emma Lee Jun 7, 2018Jun 7, 2020

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 inTurf Wars

Ofo’s “darkest hour” becomes gloomier as Didi acquisition rumors swirl again

by Emma Lee Jul 30, 2018Jun 7, 2020

Chinese ride-hailing giant Didi Chuxing is reportedly closing an acquisition deal of ofo, the last remaining major independent player in China’s bike-rental industry, local media reported citing people familiar with the matter. The source disclosed that Didi already sent due diligence team to ofo over the past two to three weeks. The two parties are […]

Posted inTurf Wars

After Australia, ofo exits Germany amid push into priority markets

by Chris Udemans Jul 18, 2018Jun 7, 2020

Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cash crunch over the past few months, has adjusted its overseas operations in line with its plans to focus on priority markets. ofo has begun scaling back its international operations […]

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