As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
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Posted inOn the Cusp
Ofo starts selling ads on bikes and in apps
Chinese bike rental giant ofo has started selling advertisements on its bikes and apps (in Chinese) in an attempt to boost revenues amid increasing cash strain. The company will launch custom-designed bikes and the bike-body ads will appear in bike wheels, saddle and baskets for clients to reach the public with their messages. Rumors of ofo’s failure […]
Posted inOn the Cusp
Court froze RMB 1.45 million of Ofo assets this month
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
Posted inOn the Cusp
Briefing: Uber is coming back to China to make scooters
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
Posted inOn the Cusp
Briefing: HelloBike rebranded as “Hello TransTech”
The company started registering a series of trademarks back in April.
Posted inOn the Cusp
INSIGHTS | ‘Second landlord’ platforms get tenants in debt to fund growth
China’s second landlord platforms are highly susceptible to downturns. Many have already collapsed—and there’s no guarantee even the largest will survive.
Posted inOn the Cusp
Ofo moves its Beijing headquarters in midst of cash crunch
Ofo’s headquarters have shifted as it faces a reported cash crunch.
Posted inOn the Cusp
Ofo rumor mill continues as they battle whispers of bankruptcy
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.
Posted inOn the Cusp
Chinese AI companies brace for winter as technology and market face bottleneck
It will be increasingly difficult for new AI startups to raise capital, and the best strategy is to strengthen yourself at this time.
Posted inOn the Cusp
Ofo’s overseas operations show signs of cash crunch
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 […]
