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Mobike vs ofo: The race for the world’s bike rental market

by Masha Borak Sep 22, 2017Jun 7, 2020

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

[Updated] O2O bike-rental deposits in China may not be as secure as users think

by Emma Lee Feb 22, 2017Jun 7, 2020

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

10 bikes in 16 minutes: Bike-rental race revives flagging industry

by Guest Editor Mar 28, 2017Jun 7, 2020

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 […]

Posted inNews

How ofo is bringing China’s latest export to the rest of the world

by Emma Lee Mar 28, 2017Jun 7, 2020

Ofo, China’s latest bike-rental unicorn that Apple CEO Tim Cook paid his tribute to during China visit, is looking beyond the borders of the middle kingdom. “The act of bike-sharing could someday become a lingua franca, connecting people around the world,” said Dai Wei last week at Boao Forum for Asia. The company’s bold global […]

Posted inNews

Video: Behind-the-scenes at one of ofo’s largest bike makers

by Emma Lee May 23, 2017Jun 7, 2020

For China’s increasingly picky bike renters, ease of access is one of the key determinants when choosing from a rainbow of similar bikes. After all, there’s no user experience to speak of if the service isn’t available. Because of this, speed is everything for bike rental companies as they scramble to stake their claim. As […]

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