Mobike, a major Chinese bike-rental company, has just placed their first batch of bikes in the capital of the United States as part of its ambitious global expansion plan. Closely following its largest rival ofo’s footprint, Mobike chose Washington D.C. as the first city in America to start running its business, whereas ofo just a month ago […]
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
China’s fast-expanding bike-sharing startups ofo and Mobike both expanded to Singapore earlier this year, but it turns out that the local bike rental operator oBike is winning the local game. Ofo officially launched its service in Singapore this February and saw a surge in the number of users, making it the fifth most downloaded app […]
Statistics from the Cheetah big data shows that ofo and Mobike still occupy the majority of the bicycle rental market in the third quarter of 2017, Chinese media Lanjing TMT is reporting. As the weather turns colder, bike-sharing apps may witness usage decline compared to the second or third quarter as many people do not ride […]
Ofo’s headquarters have shifted as it faces a reported cash crunch.
Chinese bike rental company ofo is in talks to raise new financing of more than $1 billion, Reuters is reporting. Ofo’s co-founder Yang Pinjie, now based in the Moscow, told Reuters that the amount of financing may exceed $1 billion, but refused to disclose that what banks were involved in the talks. September 22nd was World […]
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.
Bluegogo is going bust. Staff from the bicycle rental company broke the news yesterday that the company is dissolving and salary payments will be delayed until February 10, 2018. TechNode’s Chinese sister site has confirmed that the salaries are indeed delayed and that the company is in a poor state (in Chinese). Even more shocking is that […]
The globalization competition between ofo and Mobike, two of China’s top bike rental giants, is reaching a feverish pitch. Instead of revealing the entrance to overseas markets one by one, ofo announced today that it will be launching in a cluster of four European countries of Russia, Czech Republic, Italy and Netherlands on the September […]