The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company.
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Posted inOn the Cusp
Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Posted inOn the Cusp
Briefing: Bike rental cool down prompts calls for policy change
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
Posted inOn the Cusp
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.
Posted inOn the Cusp
Chinese AI companies brace for winter as technology and market face bottleneck
It will be increasingly difficult for new AI startups to raise capital, and the best strategy is to strengthen yourself at this time.
