Hello Inc, formerly known as Hellobike, is the latest Chinese tech company to abandon overseas IPO plans amid increased scrutiny.
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Posted inThe Numbers
Hello Inc becomes first Chinese bike rental firm to file for US IPO
Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
Posted inTurf Wars
Briefing: Hello TransTech secures RMB 4 billion in funding
The company says it holds over 50% market share in terms of numbers of orders.
Posted inOn the Cusp
Ofo bets on e-commerce to save its sinking bike operation
Ofo has released a revamped app featuring e-commerce offerings on JD.com and Tmall through which users can ‘earn’ back their deposits by shopping rebates.
Posted inHeavy Hitters
Briefing: Management buyout of Mobike Europe nearly finalized
Mobike Europe branch is reportedly planning on branching out into e-bike and scooter rentals in the region.
Posted inHeavy Hitters
Chinese bike-rental company Mobike raises fares
The rate increase is part of parent company Meituan’s broader profitability push.
