Posted inOn the Cusp

Ofo slows down orders from bike makers

Ofo only ordered over 80k bicycles from its manufacturing partner Shanghai Phoenix so far this year. This is far short of the anticipated 5 million bikes per year the two companies have planed one year earlier, local media is reporting. The two companies reached a 5-million-bike deal in May last year, at the peak of […]

Posted inNews

Top 3 Chinese tech fails of 2017

The year 2017 was great for many tech firms in China. Tencent briefly outdid Facebook in market valuation reaching a $500 billion valuation mark. Toutiao shot up from obscurity on the international scene with its parent Bytedance buying Musical.ly. Alibaba spread its wings further into Asia, Didi started its global expansion, Huawei overtook Apple as […]

Posted inNews

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 The draft guidance provides that rental bikes should meet national and industry standards, and requires rental bikes should be equipped with smart locks and the satellite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. […]