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US firm says ofo leading bike rental race in China

The public spat between Tencent’s CEO Pony Ma and GSR Ventures managing director Zhu Xiaohu over who is the most popular bike rental platform has added fuel to China’s already heated bike rental industry. The discussions between investment moguls make it difficult for onlookers to dig up into the correct figures in the burgeoning market. Even […]

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Ofo vs Mobike: Northern vs Southern China expansion models

Next time when you meet a Chinese person, ask where they are from. The geographical boundary between northern China and southern China is not precisely defined, but there are rough and approximate stereotypes on Northerners and Southerners’ height, language, and what they eat. At the annual ChinaBang Awards this year, Grace Gu, principal at ZhenFund (backer of ofo), […]

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China releases first national guidelines for bike rental industry

After several tragic deaths and countless headaches for municipal authorities caused by the bike rental boom, the first guidelines for regulating bike rental for the whole of China have officially been published (in Chinese). The “guiding opinions on encouraging and regulating the development of bicycle rental”  were signed by 20 state departments after the draft was […]

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Mobike to double annual bike production through partnership with iPhone maker Foxconn

Chinese bike-sharing Mobike is starting the New Year with good news. Just three weeks after receiving 215 million USD fresh funding, the startup announced a strategic partnership with Foxconn, the Taiwanese manufacturing giant behind Apple’s iPhone and numerous other major electronics devices. As part of this deal, Foxconn has also become a strategic investor in […]

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Exclusive: Bluegogo VP confirms leaving the company months ago, staff waiting for salary for months

Bluegogo is going bust. Staff from the bicycle rental company broke the news yesterday that the company is dissolving and salary payments will be delayed until February 10, 2018. TechNode’s Chinese sister site has confirmed that the salaries are indeed delayed and that the company is in a poor state (in Chinese). Even more shocking is that […]