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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.

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Latest stories

  • China’s Sichuan to cut power use to deal with heatwaves, hitting electronics factories Aug 17, 2022
  • Tencent Music Entertainment Group revenue decreased 13.8% Aug 17, 2022
  • Battery maker Sunwoda reportedly raises $1.2 billion in funding Aug 17, 2022
  • Xpeng Motors plans new ultra-fast 800-volt charging network Aug 17, 2022
  • Tencent plans to sell $24 billion stake in Meituan: report Aug 17, 2022
  • SAIC, Alibaba-backed ride-hailer Xiangdao Chuxing secures $150 million in Series B Aug 16, 2022

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