China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
The company started registering a series of trademarks back in April.
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
Ofo’s headquarters have shifted as it faces a reported cash crunch.
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.
More signs show that ofo’s cash crunch not only affect its domestic business but also its global expansion plans. The troubled bike hire giant has launched a warehouse sale of its bikes to downsize its operation in Singapore, a source with knowledge of the matter told TechNode. The ofo bikes on sale are sold brand […]