A screenshot of a letter from a Mobike female engineer containing detail accounts of sexual harassment by her superior at the company surfaced on the internet.
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Posted inOn the Cusp
New rules for rental economy user deposits clarify legal gray area
The law comes as concern mounts about the financial stability of a number of mobility firms in the rental economy sector.
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 inNews
Meituan acquisition of Mobike seems a done deal
Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]
Posted inNews
Looking back at ChinaBang: Mobike – Startup of the Year 2017
TechNode has been organizing the annual “China Bang Awards” since 2011. Over the past few years, TechNode has witnessed a large number of emerging startups grow into unicorns. For the upcoming ChinaBang Awards 2018, TechNode has started a special report to review the history of China Bang Awardees. Startups abound in a broader context of innovation. […]
Posted inOn the Cusp
Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Discarded bikes are languishing after the rental-bike boom went bust due to high retrieval costs.
Posted inOn the Cusp
Mobike offers deposit and fare-free rides in Hefei
Bike rental company Mobike has announced complimentary rides and deposit-free use of its bicycle network in Anhui province’s capital of Hefei, local media is reporting. Unlike other bike rental platforms, users would not need to use Sesame Credit to sign up or use the bikes without paying a deposit. Existing users in the city who have […]
Posted inWith Chinese Characteristics
China Tech Talk 73: Mobility’s maturation and misery—One ofo doesn’t ruin everything
All of China’s most visible mobility players have undergone significant change over the last 12 months.
Posted inHeavy Hitters
Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
Posted inOn the Cusp
Briefing: Ofo has 6 months to enforce deposit rules, 14 million await refunds
Bike companies have a longer time for implementation than previously announced.
