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 […]
Some of the fashionable shared bicycles we ride every day are not as save as we thought.
Cheetah Global has come out with freshly-minted statistics on the state of the bike rental economy in the world. Public bicycles were first started in Europe but have seen their biggest success in the East starting from China’s dockless bike systems ofo and Mobike. According to the global distribution of active users gathered by Cheetah […]
The company says it holds over 50% market share in terms of numbers of orders.
ofo raises $866 million in latest funding round led by Alibaba
Youon is one of the few Chinese bike rental companies still expanding overseas.
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
The company started registering a series of trademarks back in April.
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.