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 […]
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 […]
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
The company says it holds over 50% market share in terms of numbers of orders.
Mobike tries to catch up with China arch-rival ofo by announcing it will launch in Australia in January 2018. The company will put around 2,000 bikes onto the streets around Gold Coast, Queensland, but the bikes will have to be left in designated areas. The bikes have been designed for Australia with gears, a larger […]
ofo raises $866 million in latest funding round led by Alibaba
Mobike, a major Chinese bike-rental company, has just placed their first batch of bikes in the capital of the United States as part of its ambitious global expansion plan. Closely following its largest rival ofo’s footprint, Mobike chose Washington D.C. as the first city in America to start running its business, whereas ofo just a month ago […]
Youon is one of the few Chinese bike rental companies still expanding overseas.
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services