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Posted inNews

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 […]

Posted inNews

Bluegogo CEO announces sale of company, admits to management mistakes in open letter

Founder of Bluegogo, Li Gang authored an open letter on November 16th stating that the Bluegogo has reached a strategic cooperation with Chengdu-based Green Bike-Transit (拜客出行). Green Bike-Transit will be fully authorized to operate the Bluegogo. About the unpaid salary to Bluegogo employees, Li Gang also said, “Owing to everyone’s salary, I will try my best to […]

Posted inNews

Bike-rental war escalates with Alipay supporting “scan-and-ride” function for six bike-rental apps

Alipay, the online and mobile payment platform operated by Ant Financial, has teamed up with six bike-rental apps to allow users to rent 6 million bikes in 50 cities across China directly through the app’s new “scan and ride” function. Users can unlock any ofo, YouonBike, Bluebike, hellobike, Ubike or funbike vehicle simply by scanning […]

Posted inNews

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 The draft guidance provides that rental bikes should meet national and industry standards, and requires rental bikes should be equipped with smart locks and the satellite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. […]

Posted inNews

Bike-rental firm Youon seeks IPO

Bike-rental firm Youon submitted today an updated initial public offering prospectus to China’s securities regulator, seeking a listing in the country’s A-share market, local media is reporting (in Chinese). If successful, it will be the first bike-rental IPO in the country. Youon Public Bicycle System Co., Ltd. (“常州永安公共自行车系统股份有限公司” in Chinese), the firm behind bike-rental service […]

Posted inNews

Ofo announces partnership with China’s GPS for smart locks

Ofo has announced a strategic partnership with BeiDou Navigation, a Chinese government-backed sattelite positioning system, that will see ofo bikes equipped with Beidou-enabled smart locks, our sister site TechNode Chinese is reporting. Under the agreement, ofo’s bikes furnished with the BeiDou-enabled smart lock will be first launched in Beijing, Tianjin and Hebei province. In addition, users […]

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