Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
So far, more than 1,000 user accounts have been frozen for periods of time ranging from five to 90 days.
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
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.
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.
Cash-strapped Ofo could try wheeling its business down another path.