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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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Ofo bike-rental feature rumored to be added to Didi app in April

Ofo’s bicycle-rental feature is expected to be accessible to users within ride-hailing giant Didi Chuxing’s app in April, signaling the bike-rental startup’s another step in an escalating race with competitors for market supremacy, our sister site TechNode Chinese is reporting (in Chinese). Didi Chuxing declined to comment when contacted by TechNode. Ofo has not responded […]

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Apple CEO visits Chinese startups Ofo and Keep

In his recent visit to China’s capital, Apple CEO Tim Cook went to bike-rental company ofo’s offices on Tuesday, fueling speculation about whether the American technology giant may invest in the Chinese bike-rental startup, our sister site TechNode Chinese is reporting (in Chinese). Accompanied by ofo CEO Dai Wei, Cook visited the startup’s headquarters in Beijing […]

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Beijing drafts regulations mandating smart locks for bike-rentals in the city

The Beijing government is soliciting public opinion on draft guidelines aimed at reining in the disorderly expansion of the city’s bike-rental sector, local media is reporting (in Chinese). The draft guidance provides that rental bikes should meet national and industry standards, and requires rental bikes should be equipped with smart locks and the satellite positioning system. […]

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8 questions about Chinese tech we will see answered in 2017

In the tech industry, new innovations are constantly supplanting old ideas and seemingly stable companies can find themselves facing unexpected challenges. However, the trends we saw started in 2016 posed questions that have yet to be answered. Here are eight of them we think will be answered in 2017. 1. Can Alipay effectively deter the aggressive rise […]

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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 […]

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Gofun offers electric car rental for RMB 1 per hour

Editor’s note: A version of this post by Charles Liu first appeared on the Beijinger, a leading source of English-language lifestyle information on the city of Beijing. Beijing’s sharing economy has taken a huge step forward with the recent announcement that some 5,000 electric cars will be available to rent on a time-sharing basis in the city within two years. […]

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Bike-rental firm Youon seeks IPO

Bike-rental firm Youon submitted today an updated initial public offering prospectus to China’s securities regulator, seeking a listing in the country’s A-share market, local media is reporting (in Chinese). If successful, it will be the first bike-rental IPO in the country. Youon Public Bicycle System Co., Ltd. (“常州永安公共自行车系统股份有限公司” in Chinese), the firm behind bike-rental service […]