Some of the fashionable shared bicycles we ride every day are not as save as we thought.
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 […]
Cheetah Global has come out with freshly-minted statistics on the state of the bike rental economy in the world. Public bicycles were first started in Europe but have seen their biggest success in the East starting from China’s dockless bike systems ofo and Mobike. According to the global distribution of active users gathered by Cheetah […]
The company says it holds over 50% market share in terms of numbers of orders.
ofo raises $866 million in latest funding round led by Alibaba
Youon is one of the few Chinese bike rental companies still expanding overseas.
Chinese ride-hailing giant Didi Chuxing is reportedly closing an acquisition deal of ofo, the last remaining major independent player in China’s bike-rental industry, local media reported citing people familiar with the matter. The source disclosed that Didi already sent due diligence team to ofo over the past two to three weeks. The two parties are […]
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
The company started registering a series of trademarks back in April.