Bike rental firm Mobike has updated its credit score system. Renters who misuse their bike rental system will be charged up to RMB 100 for 30 minutes of cycling. The update is global and in China comes after Haidian District Court issuing Mobike with judicial advice and increased pressure on bike rental companies from local […]
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.
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.
Minority shareholders have reportedly begun receiving documents about the deal.
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.