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Posted inHeavy Hitters

Despite cash troubles, ofo denies renewed rumors of Didi acquisition

by Chris Udemans Aug 23, 2018Jun 7, 2020

Minority shareholders have reportedly begun receiving documents about the deal.

Posted inHeavy Hitters

Ofo said to complete a new round of financing led by Didi and Ant Financial

by Runhua Zhao Sep 5, 2018Jun 8, 2020

The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.

Posted inHeavy Hitters

Ofo considering restructuring operations in Spain as well as around the globe

by Jiefei Liu Jul 24, 2018Jun 7, 2020

Chinese bike sharing company ofo has hit another speed bump in its international markets. According to media reports, Ofo is pulling operations out in cities in Spain, including Madrid, Granada, Valencia, and Marbella, after entering the country less than a year ago. The company told TechNode that ofo is still operating in Spain, but admitted […]

Posted inHeavy Hitters

ofo’s US fire sale is another spoke in China’s rental-bike wheel

by Bailey Hu Oct 31, 2018Jun 7, 2020

Cash-strapped Ofo could try wheeling its business down another path.

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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

  • Baidu can start charging for fully driverless robotaxis in Wuhan and Chongqing Aug 8, 2022
  • Li Auto says vehicle battery not at fault in Sichuan fire Aug 5, 2022
  • Meet the Chinese carmakers racing to get a larger share of the global markets Aug 5, 2022
  • Tesla will start using manganese batteries for its China-built Model Y: report Aug 5, 2022
  • Nio registers new company for smartphone business Aug 5, 2022
  • Jobs platform Boss Zhipin to potentially cut workforce by 10% every six months: report Aug 5, 2022

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  • Meet the Chinese carmakers racing to get a larger share of the global markets
  • Tesla will start using manganese batteries for its China-built Model Y: report
  • Chinese companies on the Fortune Global 500 list contribute more revenue than US companies for the first time
  • Tencent wants more shares in AAA game developer Ubisoft: report
  • Nokia wins lawsuits banning Oppo and OnePlus from selling phones in Germany
  • Top 5 Chinese LGBT apps in 2017

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