Posted inNews

Ofo signs partnership with Huawei and China Telecom, finally becoming a technology company

Yesterday, Ofo has announced a partnership deal (in Chinese) with China Telecom (中国电信) and Huawei. The partnership will see China Telecom providing wireless data access, Huawei providing NB-IoT chips (PDF), and Ofo providing the bikes. The announcement emphasized a big pain point for the company: their technology. At this point, it’s fairly clear that Mobike and Ofo […]

Posted inUp and Comers

China’s first official bike rental bankruptcy leaves RMB 800 million of deposits in limbo

Bike rental company Xiaoming has officially begun bankruptcy proceedings becoming China’s first bike rental company to do so. The decision of the Intermediate People’s Court of Guangzhou, which was in charge of the case, was announced yesterday, July 10th, the Paper reports. Xiaoming (小鸣单车) was part of a big wave of bike rental companies that started […]