Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
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 […]
Cash-strapped Ofo could try wheeling its business down another path.