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 […]
Youon is one of the few Chinese bike rental companies still expanding overseas.
The company says it holds over 50% market share in terms of numbers of orders.
The company started registering a series of trademarks back in April.
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
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.
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cash crunch over the past few months, has adjusted its overseas operations in line with its plans to focus on priority markets. ofo has begun scaling back its international operations […]