Beijing and Shanghai have given no indication of whether the bans will be lifted.
Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
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.
Foshan will require Mobike, ofo, and other bike rental companies to hand over users blacklisted for bad parking.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
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 […]
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 […]
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.