Other bike-rental companies are considering raising prices, as warmer weather brings a likely rebound in trip numbers.
Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds
Bike companies have a longer time for implementation than previously announced.
Briefing: Didi takes punitive measures against deviant shared bike riders
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
Court froze RMB 1.45 million of Ofo assets this month
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
Ofo moves its Beijing headquarters in midst of cash crunch
Ofo’s headquarters have shifted as it faces a reported cash crunch.
ofo’s US fire sale is another spoke in China’s rental-bike wheel
Cash-strapped Ofo could try wheeling its business down another path.
Ofo launches in US capital, hopes to conquer US market within a year
Ofo, China’s leading bike rental company, announced October 10 its launch in Washington, D.C., following Seattle and Massachusetts. The fast-expanding firm will deploy 400 of its yellow bikes over the course of its first week, as the local government only allows 400 bikes on the streets during the “demonstration stage.” The local regulator appears to be extra […]
Bike rental graveyard found in Chengdu
Hundreds of unlocked ofo rental bicycles have been found buried under construction waste in Chengdu. The bikes were in miserable conditions with deformed tires, broken chains, and damaged seats, but were fairly new, produced as early as March this year. The incident was reported to Chengdu Wuhou Police and the police is investigating, Chinese media The […]