Kala Danche (卡拉单车) is back in business. As you may recall, last week we reported that the company had lost over 75% of their bicycles in less than 20 days of operation. Because of that, their only investor made a quick exit, taking all the user deposits with him and triggering a cascade of questions […]
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Weekly Briefing: Mobile payments, O2O, and the IoT economy
Editor’s note: This originally appeared in our weekly newsletter. Sign up here to get our updates straight to your inbox. This week’s briefing starts off a bit personal. I’ve been in and out of Chinese media and tech since 2010. Since I joined TechNode last November, I’ve told many people the same thing: There’s no […]
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How ofo is bringing China’s latest export to the rest of the world
Ofo, China’s latest bike-rental unicorn that Apple CEO Tim Cook paid his tribute to during China visit, is looking beyond the borders of the middle kingdom. “The act of bike-sharing could someday become a lingua franca, connecting people around the world,” said Dai Wei last week at Boao Forum for Asia. The company’s bold global […]
