Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
Ride-hailing, bike rental, and food delivery services were all affected.
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
Didi’s struggles in the bike-rental market led to a launch of its own brand, Qingju.
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park […]
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
In recent years, the internet has become more and more integrated into finding transportation, leading to revolutionary new industries like online taxi-hailing, bike and car rental, and e-buses. At the same time, AI technology like smart traffic lights and autonomous vehicles continues to develop and reshape the transportation industry. At the upcoming TechCrunch International Innovation […]
Cash-strapped Ofo could try wheeling its business down another path.