Bike rental company Mobike has released a report of its user data from the Labor Day holiday weekend, providing one of our first pictures that can be built from bike rental data and an idea of how the company wants to reveal what it knows. “May 1st Little Long Holiday Cycling Report,” generated by the Mobike […]
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Shenzhen bans more than 13,000 people from using bike-rental companies
A total of 13,615 people in the southern Chinese city of Shenzhen will be temporarily banned from using shared bikes due to traffic violations, according to media reports (in Chinese). This is the first batch of traffic offenders that will be punished according to the new rules on shared bicycle users’ behavior issued by the Shenzhen […]
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Report shows bike rentals and ride-hailing are solving China’s traffic problems
Despite their immense popularity, bike rentals in China are giving daily headaches to local governments for users’ illegal parking, vandalism, and traffic violations. But bike-rental is seeing some hope in fixing its battered reputation. A report co-published by Amap, Tsinghua University, Alibaba Cloud, ofo and other industry researchers shows that traffic congestion across the nation is in […]
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[Infographic] The differences between Mobike and Ofo
As the ride-hailing wars have disappeared, the latest war is bike-sharing (more like bike-rental), with Mobike and Ofo leading the pack. In case you weren’t sure how exactly they are different, WakeMeChat has made this handy infographic: Mobike’s technology seems to be a bit better, but how either company is actually making money is still a […]
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Didi app embeds ofo to provide flexible solution for short trips
After weeks of rumors, Chinese ride-hailing giant Didi Chuxing announced today it has added bike-sharing service from ofo to its app. DiDi users will have direct access to ofo’s bright yellow bikes in the app. As a major investor of ofo, DiDi has poured a combined hundreds of million USD in three financing round of the […]
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Ofo teams up with largest bicycle producer Fushida
The race is still on in China’s bike-rental sector. Bike-rental startup ofo and the world’s largest bicycle producer Fushida recently entered into a strategic partnership that will see the latter manufacture 10 million bicycles for ofo every year, local media is reporting (in Chinese). Fushida chairman Xin Jiansheng expected the company’s annual production capacity to top 20 […]
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Live from RISE Hong Kong—China’s sharing economy is overhyped
“Are there areas where you see there is too much hype?” Elzio Barreto, a Reuters correspondent asks three veteran China-focused venture capitalists on stage at RISE Conference in Hong Kong. He cites a recent incident where an umbrella sharing company in Nanchang, the capital city of Guangxi Province, lost all its 30,000 umbrellas within a few weeks […]
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Bike-rental in China takes a tacky new turn with golden bikes
The streets of China are covered with gold…. gold bicycles that is. The new bikes are a product of cooperation of Beijing-based bike sharing company Coolqi (酷骑单车) and Haier, a well-known consumer electronics company from Qingdao. Besides the golden paint accentuated with royal blue details, the biggest novelty offered by the bikes is the onboard […]
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Bike-rental startup ofo lands series D+ backed by Alibaba’s Ant Financial
The funding spree continues in China’s bike-rental sector. Bike-rental startup ofo announced over the weekend that it raised an undisclosed amount in its Series D+ from Alibaba’s financial arm Ant Financial. Under the deal, ofo cooperate with Ant Financial in the fields of e-payment, credit system and globalization process. The announcement came less than two […]
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[Updated] The bike-rental war is creating unsustainable demand for bikes
China’s booming bike-sharing business has been disrupting the country’s traditional bike industry landscape, while also being acclaimed by city travelers for playing its part in cracking the hard nut of the last kilometer of their journey. After receiving multi-billion RMB investments from 30-some institutional investors, major bike-sharing services Mobike, Ofo, and their competitors have been […]
