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Bike-rental firms confirm in-app balance refundable, but still not easy

Five bike-rental firms made it clear that users can get back their in-app balance, following their statement weeks ago that bike-rental deposits are secure and are totally refundable, local media is reporting. Bike-rental firms including Mobike, ofo, Bluegogo, and UniBike made the statement at a conference hosted in Beijing yesterday by the China Consumers Association […]

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On April Fool’s Day, one joke gets opposite reactions from China’s bike rental companies

Ah, it’s that time of year again: when the unsuspecting are caught unawares by the unstoppable forces of time. April Fool’s has become a time-honored tradition for those in tech, a time for everyone to flex their humor muscles and devise sometimes silly, sometimes outlandish, and sometimes very believable news stories and announcements. The best […]

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[Updated] The bike-rental war is creating unsustainable demand for bikes

China’s booming bike-sharing business has been disrupting the country’s traditional bike industry landscape, while also being acclaimed by city travelers for playing its part in cracking the hard nut of the last kilometer of their journey. After receiving multi-billion RMB investments from 30-some institutional investors, major bike-sharing services Mobike, Ofo, and their competitors have been […]

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Ofo signs partnership with Huawei and China Telecom, finally becoming a technology company

Yesterday, Ofo has announced a partnership deal (in Chinese) with China Telecom (中国电信) and Huawei. The partnership will see China Telecom providing wireless data access, Huawei providing NB-IoT chips (PDF), and Ofo providing the bikes. The announcement emphasized a big pain point for the company: their technology. At this point, it’s fairly clear that Mobike and Ofo […]