Mobike plans to partner with AT&T and Qualcomm as it rolls out its smart bike rental service across the US. The partnerships with the US companies will help it keep in line with the authorities there and the move suggests the bike company could be developing a single model for global rollout. Mobike has released […]
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Ofo and Mobike aren’t doing so well in Singapore
China’s fast-expanding bike-sharing startups ofo and Mobike both expanded to Singapore earlier this year, but it turns out that the local bike rental operator oBike is winning the local game. Ofo officially launched its service in Singapore this February and saw a surge in the number of users, making it the fifth most downloaded app […]
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ofo announces $866 million funding round led by Alibaba amid cash strain rumors
ofo raises $866 million in latest funding round led by Alibaba
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Ofo in talks to raise new financing of more than $1 billion
Chinese bike rental company ofo is in talks to raise new financing of more than $1 billion, Reuters is reporting. Ofo’s co-founder Yang Pinjie, now based in the Moscow, told Reuters that the amount of financing may exceed $1 billion, but refused to disclose that what banks were involved in the talks. September 22nd was World […]
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2017 Q3 bike rental market analysis from Cheetah lab: Getting ready for winter
Statistics from the Cheetah big data shows that ofo and Mobike still occupy the majority of the bicycle rental market in the third quarter of 2017, Chinese media Lanjing TMT is reporting. As the weather turns colder, bike-sharing apps may witness usage decline compared to the second or third quarter as many people do not ride […]
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ofo pedals their way into four European countries on World Car Free Day
The globalization competition between ofo and Mobike, two of China’s top bike rental giants, is reaching a feverish pitch. Instead of revealing the entrance to overseas markets one by one, ofo announced today that it will be launching in a cluster of four European countries of Russia, Czech Republic, Italy and Netherlands on the September […]
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Geely-backed Chinese ride-hailing firm Caocao Zhuanche raises $156 M series A round
Caocao Zhuanche(曹操专车) an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB 1 billion ($156 million) series A round from various investors, at a valuation of over RMB 10 billion ($1.6 billion), Sina Technology is reporting. Investors in the round were not disclosed. With the new funding, the company plans to expand in cities […]
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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 […]
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Shanghai just says “No” to more dockless bikes
Shanghai transportation authorities jointly announced on August 18 that no more new bikes should be placed in the city, taking a firmer stand in its moves to crack down on bike rental services, our sister site TechNode Chinese is reporting. “Upon the announcement of this regulation, all bike-rental companies should place a halt on introducing any […]
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Gold bike startup looks for buyer as users demand deposits back
Crowds of people descend on the Coolqi bike hire scheme’s head office in Tongzhou to get their deposits back as Coolqi founder and CEO Gao Weiwei (高唯伟) tells our sister site that the company is not bankrupt, but that he has been removed as CEO (in Chinese). The company’s WeChat payments have been frozen and it is […]
