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Didi Bike operation was suspended for one day in Shenzhen

Chinese taxi hailing company Didi’s bike rental service, Didi Bike (青桔单车, meaning green tangerine bike in Chinese), was suspended for one day for not obeying the local law, Chinese media Shenzhen News is reporting.  Bike rental companies hugely spread out last year, filling the Chinese streets with rental bikes. In order to manage rental bicycles, […]

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China sees first bike-rental merger

China has just seen its first merger in the burgeoning bike-rental sector. Youon (永安行), the Changzhou-based bike-rental startup which went public in August, announced yesterday the merger of Hellobike, another bike-rental player in China. Youon posted a statement on its website, announcing its sister company Youon Ditan (永安行低碳科技) merging with Shanghai Jun Zheng Network Technology […]

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Power bank rental startup Xiaodian announces 195% growth

Power bank rental startup Xiaodian (小电科技 in Chinese) officially announced their performance on September 11th. Xiaodian now covers 70 cities in China. Xiaodian’s data also shows that the daily order increased 195% in August (in Chinese), and the daily average usage number of a power bank is more than once. Xiaodian’s daily use times exceeded 240,000 in August, […]

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Bluegogo CEO announces sale of company, admits to management mistakes in open letter

Founder of Bluegogo, Li Gang authored an open letter on November 16th stating that the Bluegogo has reached a strategic cooperation with Chengdu-based Green Bike-Transit (拜客出行). Green Bike-Transit will be fully authorized to operate the Bluegogo. About the unpaid salary to Bluegogo employees, Li Gang also said, “Owing to everyone’s salary, I will try my best to […]