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.
Hello Inc’s filing shows that the sector’s few remaining players now seek sustainable growth after reckless expansion in earlier years.
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.
Cash-strapped Ofo could try wheeling its business down another path.