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 inUp and Comers
Chengdu to open first automated underground parking vault for shared bikes
The underground shared bike-only parking garage could help ease two-wheeler clutter on street level.
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 inHeavy Hitters
Despite cash troubles, ofo denies renewed rumors of Didi acquisition
Minority shareholders have reportedly begun receiving documents about the deal.
Posted inOn the Cusp
Beijing rolls out electronic fences and reinforces parking guidelines for bike rentals
The Chinese capital is reinforcing electronic fences for bike rentals. The designated parking zones will prevent bike users parking haphazardly, according to Xinhua report (in Chinese). Last year, regulators issued parking guidelines to encourage bike users to park in an orderly manner, but the guidelines were not strictly imposed. Now, regulators are enforcing the guidelines […]
Posted inOn the Cusp
Chinese firms should focus on capital efficiency: GGV Capital
GGV Managing Partner Jixun Foo discusses the return to a more rational investment approach in China.
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
NEV fleet logistics startup DST completes Series C1
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
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
Failures and opportunities: A pivotal moment for China’s mobility industry
Didi hopes new strategies will help it complete a U-turn that will get it out of the dead-end in which it finds itself.
