This is the first time for Mobike to pull out of a city because of antisocial behavior.
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 bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
The partnerships help the company offer an expanded range of ride services to choose from for users in Beijing and Shanghai.
China has been looking to reduce its reliance on foreign technologies amide escalating trade tensions with the US.
Bike rental company Mobike has announced complimentary rides and deposit-free use of its bicycle network in Anhui province’s capital of Hefei, local media is reporting. Unlike other bike rental platforms, users would not need to use Sesame Credit to sign up or use the bikes without paying a deposit. Existing users in the city who have […]
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
In its first major statement since being acquired by Meituan, bike rental giant Mobike is to stop adding new bikes to cities considered to be already saturated with bikes, will share its big data with the government for improved city planning, and put RMB100 million into improving its user credit system, the company announced at […]
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the market, brightening the streets with a rainbow of bikes. But in the fast-paced tech world, trends come and go quickly. Within a year, over 20 bike startups failed, including […]
As Editor-in-Chief John Artman leaves TechNode after four years, he reflects on China’s tech scene and what the future holds.