The rules went into effect on Wednesday on Didi’s bike-rental platforms Qingju and Bluegogo.
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Posted inOn the Cusp
Briefing: Bike rental cool down prompts calls for policy change
As the bike rental cools down, industry insiders start to ask how well the bike ban fits current circumstances.
Posted inNews
Global bike rental is about to get even bigger: Cheetah Global report
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 […]
Posted inTurf Wars
Briefing: Hello TransTech secures RMB 4 billion in funding
The company says it holds over 50% market share in terms of numbers of orders.
Posted inNews
Mobike, ofo say no to merger despite investor pressures
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 […]
Posted inNews
Mobike launches new, lighter stronger model
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 […]
Posted inOn the Cusp
Court froze RMB 1.45 million of Ofo assets this month
While Ofo’s legal troubles pile up, millions of users are reportedly still waiting for their deposits.
Posted inNews
ofo announces $866 million funding round led by Alibaba amid cash strain rumors
ofo raises $866 million in latest funding round led by Alibaba
Posted inNews
Mobike rides the swell into Australia with surfboard racks and designated parking
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 […]
Posted inTurf Wars
Briefing: Youon continues overseas expansion through parntership with UK Cycle.land
Youon is one of the few Chinese bike rental companies still expanding overseas.
