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Didi Bike operation was suspended for one day in Shenzhen
Chinese taxi hailing company Didi’s bike rental service, Didi Bike (青桔单车, meaning green tangerine bike in Chinese), was suspended for one day for not obeying the local law, Chinese media Shenzhen News...
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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...
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State inspection reveals quality issues in several brands of bike rentals
China’s quality control authority conducted an extensive investigation into the quality of dockless rental bikes and uncovered startling results. Some of the bicycles we rent every day are not as safe...
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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...
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What do you think of Mobike and Ofo expanding to your country? We asked
Chinese bike rental companies Mobike and ofo expanded to more than 30 countries last year. While attending the SeedStars Summit 2018 in Lausane, Switzerland, we asked people from 5 different countries...
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Mobike promises no more bikes in saturated cities, share big data with the...
In its first major statement since being acquired by Meituan, bike rental giant Mobike is to stop adding new bikes to cities considered to be already saturated with bikes, will share its big data with...
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Mobike co-founder and CEO Davis Wang resigns, Hu Weiwei takes the handlebars
After Xiaomi’s organizational shuffle, bike rental platform Mobike has announced some shifts in its staff too. Mobike’s founder Hu Weiwei is set to become the new CEO of the company taking the place...
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Beijing rolls out electronic fences and reinforces parking guidelines for...
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,...
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Ofo is going to use blockchain to solve bike rental problems
Ofo, a leading bike rental company in China, has set up a research institute to tackle urban bike sharing management problems with blockchain technology, the company announced May 17. According to its...
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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 cash strain. The company will launch custom-designed...
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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 market, brightening the streets with a rainbow of...
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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 launched a warehouse sale of its bikes to downsize...
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Ofo applies for e-scooter scheme license in San Francisco
Ofo is one of 12 companies including Lyft and Uber applying for licenses to run an electric scooter hire scheme in San Francisco. Ofo’s protracted application for a permit to run the city’s first bike...
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Mobike removes last hold over user behavior as it trials deposit free in 100...
Mobike is extending deposit-free, credit-free bike rentals to a hundred cities. After launching the deposit-free system in Hefei, Hangzhou, Dongguan and other cities in May, it will now spread to a...
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ofo’s B2B business claims to hit the RMB 100 million revenue mark
Amidst signs of a serious cash crunch, ofo claims that its B2B business has made over RMB 100 million in revenue. In an interview with local media, Shao Yi, the head of ofo’s B2B business division,...
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Ofo fires staff in India, winds down operations in the country
Bike rental firm ofo has asked its staff that formed part of its Indian operations to leave, a move that further draws attention to the company’s rumored cash crunch. Individuals with knowledge of the...
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China’s first official bike rental bankruptcy leaves RMB 800 million of...
Bike rental company Xiaoming has officially begun bankruptcy proceedings becoming China’s first bike rental company to do so. The decision of the Intermediate People’s Court of Guangzhou, which was in...
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After Australia, ofo exits Germany amid push into priority markets
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cash crunch over the past few months, has adjusted...
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ofo scales back US operations amid international retreat
In ofo’s latest retreat from the international market, the company is scaling back its operations in the United States after laying off 70% of its staff in the country. Additionally, three executives...
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Mobike’s users in Beijing restricted to parking within operational areas
China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP What happened: Bike rental firm Mobike is prohibiting riders from parking outside of...
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