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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 inNews

Mobike, ofo say no to merger despite investor pressures

Despite the rumors and speculation surrounding a possible merger between Mobile and ofo, Mobike co-founder and CEO Davis Wang has made it clear again at TheYearAhead Summit that a “merger is not an option for the company,” local media is reporting. Similarly, ofo founder and CEO Dai Wei also expressed previously that the company would not […]

Posted inNews

Mobike launches new, lighter stronger model

Mobike, China’s major bike-rental company, today launched a new model of its smart bike called “New Lite.” It features a minimalist design, longer lifespan, and lighter weight. The all-new model comes with a stronger bike frame which is 50 percent stronger than European standards and weighs 15.5 kilograms, making it the lightest mainstream bike rental […]

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