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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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 […]
Posted inTurf Wars
INSIGHTS | The bike rental boom is dead. Long live bike rental
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Posted inNews
Mobike vs ofo: The race for the world’s bike rental market
It is almost two years since Mobike co-founder Hu Weiwei put around 50 bicycles on the streets of Shanghai and drove away. Ofo had a similar beginning, spreading out shared bikes on Beijing’s university campuses. This is how China’s dockless bike rental economy was born—from moves that could easily be branded as crazy. Today, bikes […]
Posted inNews
“Anything can happen”: Ofo and Mobike investors talk about bike-rental war
On March 17, investors in both Ofo and Mobike took the stage at ChinaBang Awards 2017 to discuss the future of the bike-rental industry. Grace Gu, principal at Ofo-investor ZhenFund, and Xu Ying, Executive Partner of Mobike-investor Vertex Ventures talked about where they see the bike war heading. “We cannot say if there will be a merger between these […]
Posted inViews
CHINA VOICES | Ofo’s final fight
A moral in Ofo’s rise and fall: ‘It is dangerous to violate common sense.’
Posted inNews
Top 15 apps you need for living in China
Say goodbye to Facebook, Twitter, and Instagram and welcome your new favorite apps. Here is everything you will need to navigate your China life. 1. Communication: WeChat (微信) The app to rule them all, WeChat is the very definition of indispensable in China. This is where you will connect with your friends, communicate with your […]
Posted inNews
[Updated] O2O bike-rental deposits in China may not be as secure as users think
You must have noticed the boom bike-rental companies in China as an increasing array of rainbow colored bikes mushrooming on streets across the country. Endless financing rounds from big names like Tencent, Didi, and Foxconn have been injected into one or another of the startups that involved in a heating field. Despite the initial “wows” […]
Posted inNews
Has China’s sharing economy finally jumped the shark?
Bikes, bikes, and more bikes. China’s streets have been invaded by bike rentals of every hue. More and more Chinese entrepreneurs are sparing no effort to jump on the sharing bandwagon. Now, when you walk around the streets or hang around shopping malls, there’s a high chance that you’ll come across a slew of shared […]
Posted inNews
10 bikes in 16 minutes: Bike-rental race revives flagging industry
Editor’s note: This was originally a two part report by Li Siyi and Jiang Xiaochuan for Tencent Finance. It has been translated and further edited for clarity and style by Linda Lew. In winning the bike-rental “arms race,” the number of bikes on the street has become the critical factor. China’s largest bicycle manufacturing hub has […]
