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Updated: Cracks appear in DiDi and ofo partnership sparking doubts over ofo’s $700 million funding round

Insiders from ofo have confirmed to local media that ofo’s executive chairman, Chief Financial Officer, and other senior executives went on a “vacation” in July this year. A rift between ride-hailing giant DiDi and bike rental mammoth ofo might be the reason behind the event, Bianews has reported. ofo has since published a statement denying […]

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Shanghai mulling bike-rental regulations

Shanghai is mulling rules to regulate the sizzling yet reckless development of the city’s bike-rental sector, local media is reporting (in Chinese). The new rules, expected to be introduced in May and come into effect in June or July this year, are the latest government efforts to deal with the growing problems emerging with the bike-rental […]

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Ofo founder confirms bike-rental functions will come to Didi app

Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal. Ofo, one of China’s many bike-rental brands, will be incorporated into Didi Chuxing, the world’s largest ride-hailing platform, according […]

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Ofo bike-rental feature rumored to be added to Didi app in April

Ofo’s bicycle-rental feature is expected to be accessible to users within ride-hailing giant Didi Chuxing’s app in April, signaling the bike-rental startup’s another step in an escalating race with competitors for market supremacy, our sister site TechNode Chinese is reporting (in Chinese). Didi Chuxing declined to comment when contacted by TechNode. Ofo has not responded […]

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Apple CEO visits Chinese startups Ofo and Keep

In his recent visit to China’s capital, Apple CEO Tim Cook went to bike-rental company ofo’s offices on Tuesday, fueling speculation about whether the American technology giant may invest in the Chinese bike-rental startup, our sister site TechNode Chinese is reporting (in Chinese). Accompanied by ofo CEO Dai Wei, Cook visited the startup’s headquarters in Beijing […]

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Beijing drafts regulations mandating smart locks for bike-rentals in the city

The Beijing government is soliciting public opinion on draft guidelines aimed at reining in the disorderly expansion of the city’s bike-rental sector, local media is reporting (in Chinese). The draft guidance provides that rental bikes should meet national and industry standards, and requires rental bikes should be equipped with smart locks and the satellite positioning system. […]