Ofo’s overseas operations show signs of cash crunch
More signs show that ofo’s cash crunch not only affect its domestic business but also its global expansion plans. The troubled bike hire giant has laun…
Tag: bike-rental
As bike rentals cool, ofo chooses to stand alone
China’s bike rental industry has experienced a roller coaster over the past 3 years. At its height, there were nearly 80 bike rental startups in the ma…
Ofo starts selling ads on bikes and in apps
Chinese bike rental giant ofo has started selling advertisements on its bikes and apps (in Chinese) in an attempt to boost revenues amid increasing cas…
State inspection reveals quality issues in several brands of bike rentals
Some of the fashionable shared bicycles we ride every day are not as save as we thought.
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…
ofo announces $866 million funding round led by Alibaba amid cash strain rumors
ofo raises $866 million in latest funding round led by Alibaba
Guangzhou and Shenzhen urge Didi to solve Blugegogo’s deposit issues
It seems that Didi’s take-over of Bluegogo’s bike-rental business hasn’t been smooth sailing. Transportation authorities in Shenzhen and Guangzhou have…
Updated: Alibaba rumored to deepen involvement in bike-rentals with upcoming $1 bln Hellobike investment round
Updated 23 Jan 2017: TechNode Chinese has reached out to Hellobike, Fosun Capital and Hellobike's early-stage investor GGV, but neither has confirmed t…
Didi continues pivot into two wheeled mobility with beta test of electric bike rental
Chinese ride-hailing behemoth Didi is beta-testing its electric bike rental service in South China, a person with knowledge of the matter told TechNode…
Mobike officially launches ride-hailing service, first testing in Guizhou
Mobike, China’s major bike rental company, announced today that it will roll out its first ride-hailing service in Guizhou, marking the firm’s official…
6 of China’s bike rental companies have shuttered in the last 5 months
At least six bike rental companies in China has shuttered during the last five months. After Bluegogo and Coolqi, the latest to close shop was Xiaoming…
Briefing: Officials meet in Chengdu to consider new bike rental regulations after Coolqi, Bluegogo implosions
多部门商讨共享单车押金监管举措 from NetEase (our translation): "Nov. 6 to 8, the Ministry of Transport, National Development and Reform Commission, Ministry of In…