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Posted inOn the Cusp

Mobike and Bluegogo double rates in Beijing in bid to stay afloat

by Jill Shen Apr 1, 2019Jun 8, 2020

Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.

share bikes pile ofo mobike reduced
Posted inOn the Cusp

New rules for rental economy user deposits clarify legal gray area

by Jill Shen Mar 20, 2019Mar 17, 2020

The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.

mobike ofo bike-rental china
Posted inOn the Cusp

Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar

by Emma Lee Jun 28, 2019Jul 16, 2019

Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.

Posted inOn the Cusp

Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds

by Bailey Hu May 29, 2019Jun 8, 2020

Bike companies have a longer time for implementation than previously announced.

Posted inOn the Cusp

Court froze RMB 1.45 million of Ofo assets this month

by Bailey Hu Feb 25, 2019Jun 8, 2020

While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.

Posted inOn the Cusp

Ofo moves its Beijing headquarters in midst of cash crunch

by Bailey Hu Nov 5, 2018Jun 8, 2020

Ofo’s headquarters have shifted as it faces a reported cash crunch.

Posted inOn the Cusp

Ofo rumor mill continues as they battle whispers of bankruptcy

by Nicole Jao Nov 1, 2018Jun 8, 2020

The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.

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Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox.

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Latest stories

  • Top Chinese leaders meet with tech firms, stress support for platform economy May 18, 2022
  • Apple’s share of China earbuds market falls by 11% as domestic brands rise May 18, 2022
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