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 […]
ofo raises $866 million in latest funding round led by Alibaba
Youon is one of the few Chinese bike rental companies still expanding overseas.
The company says it holds over 50% market share in terms of numbers of orders.
China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park […]
The company started registering a series of trademarks back in April.
Minority shareholders have reportedly begun receiving documents about the deal.
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 news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.