Chinese bike-rental firms, Mobike and Hello Transtech, expressed their willingness to enter the bidding.
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.
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the market, brightening the streets with a rainbow of bikes. But in the fast-paced tech world, trends come and go quickly. Within a year, over 20 bike startups failed, including […]
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
Thibault Genaitay is Head of China for Le Wagon, a global programming bootcamp.
Cash-strapped Ofo could try wheeling its business down another path.
China’s massive O2O platform Meituan Dianping is a company that defies categorization. As the company’s founder and CEO Wang Xing once said, it’s hard for them to compare to any other company. Once known as the Chinese equivalents of Groupon and Yelp, Meituan and Dianping merged in 2015 to become a company that sells movie […]
China has become addicted to debt. Now, its tech industry is hooked too.