Clik here to view.
Ofo’s “darkest hour” becomes gloomier as Didi acquisition rumors swirl again
Chinese ride-hailing giant Didi Chuxing is reportedly closing an acquisition deal of ofo, the last remaining major independent player in China’s bike-rental industry, local media reported citing...
View ArticleClik here to view.
Beijing to place new cap on the deployment of bike rentals at 1.91 million
北京共享单车上限定为191万辆 – iResearch What happened: The Beijing Commission of Transport has announced new plans to keep the number of rental bikes in check. The new limit on rental bike deployments is capped...
View ArticleClik here to view.
ofo pulls operation from South Korea
ofo is reportedly pulling its operation in South Korea after less than a year in the country. The Korea Herald first broke the news that ofo has begun retreating from the market and has already...
View ArticleClik here to view.
Ofo rolls out 5-second video ad in main app
ofo上线5秒短视频广告业务 合作伙伴包括可口可乐等– Tencent Tech What happened: Troubled Chinese bike rental giant ofo just added 5-second short video ads to its main app. Nicknamed “视听风暴,” the video ads will be displayed...
View ArticleClik here to view.
Briefing: Mobike doubles down on India as ofo departs
China’s Mobike plans big push in India as rival Ofo pulls out —Nikkei Asia Review What happened: Mobike is considering moving into 10 more Indian cities within the next 18 months. Mobike has been in...
View ArticleClik here to view.
Briefing: Employee claims Ofo continues to layoff staff in company downsize
Ofo to Cull Yet More Staff This Month, Insider Says–Yicai Global What happened: According to an unnamed employee, troubled bike rental giant Ofo has been letting go of workers across the board, with...
View ArticleClik here to view.
Ofo said to complete a new round of financing led by Didi and Ant Financial
Chinese bike rental company ofo is said to complete an E2-2 round of fundraising worth hundreds of millions US dollars led by Ant Financial and Didi Chuxing, 36Kr reported quoting insiders (in...
View ArticleClik here to view.
Briefing: Mobike suspends operation in Manchester due to thefts and vandalism
Chinese cycle-hire firm Mobike pulls out of Manchester after losing one-in-10 rental bikes to theft or vandalism– Daily Mail What happened: Bike rental operator Mobike has withdrawn bikes in...
View ArticleClik here to view.
Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen
摩拜将在深圳置换4万辆新车 称废旧单车100%回收再用 – Sina Tech What happened: Mobike plans to replace 40 thousand old bikes in Shenzhen in an effort to improve user safety and the condition of the bikes. The company is...
View ArticleClik here to view.
Briefing: ofo denies claims it can’t pay employees
Ofo Denies Reports It Can’t Keep Up With Salary Payments – Yicai Global What happened: Bike rental firm ofo has denied claims that it was not able to pay all of its staff salaries last month. The...
View ArticleClik here to view.
Briefing: HelloBike rebranded as “Hello TransTech”
哈罗单车品牌升级“哈啰出行” – The Beijing News What happened: Hellobike has renamed itself as Hello TransTech (or Hello Chuxing in Chinese) CEO Yang Lei announced in a letter to his staff on the company’s 2-year...
View ArticleClik here to view.
Ofo denies using GSE cryptocurrency for fundraising
Troubled bike rental platform ofo has denied media reports claiming that it used a digital currency called GSE (Global sharing economy) for fundraising. The Chinese company issued a statement on...
View ArticleClik here to view.
Briefing: Uber is coming back to China to make scooters
Uber Is Back in China: But for Making Bikes, Not Ride-Hailing —Bloomberg What happened: After selling its ride-hailing operations to Didi in 2016, Uber is coming back to China but not to compete for...
View ArticleClik here to view.
Chinese city wants to regulate bike rental platforms with social credit system
Tired of seeing heaps of rental bikes piling up on the sidewalk and blocking traffic, the Chinese city of Foshan wants to punish inconsiderate bike riders through the local social credit system. Users...
View ArticleClik here to view.
Hello TransTech reportedly in negotiations to acquire ofo
Bike rental and ride hailing startup Hello TransTech, previously known as Hello Bike, is reportedly in negotiation to acquire ofo, a person close to the matter said to leading local finance outlet...
View ArticleClik here to view.
Briefing: Hello TransTech going all in on ride-hailing through partnership...
哈啰出行打车业务81城同步上线 接入嘀嗒打造多元出行平台-Sina Tech What happened: Hello TransTech, formerly known as Hello Bike, has entered partnership with Dida Chuxing, an up-and-coming competitor of Didi Chuxing, to speed up...
View ArticleClik here to view.
Briefing: Ofo founder renounces position amid mounting lawsuits
Ofo founder replaced as bike-sharing firm’s representative amid rash of lawsuits —SCMP What happened: Founder and CEO of bike-rental platform ofo Da Wei has removed himself from its position of legal...
View ArticleClik here to view.
Briefing: Chinese bike rental firms reduce bike placements in major cities
共享单车“退烧”！全国多地共享单车投放量下降—Tencent Tech What happened: Chinese bike rental firms are reducing bike placements in major cities including Beijing, Guangzhou, Hangzhou, Xiamen, and Kunming, local media is...
View ArticleClik here to view.
Briefing: Ofo rumored to withdraw from Japan
ofo有意退出日本市場–日經中文網 What happened: The Chinese-language edition of Japanese outlet Nikkei is reporting that ofo plans to withdraw from its current operations in Japan. The bike-rental giant is currently...
View ArticleClik here to view.
Briefing: Youon continues overseas expansion through parntership with UK...
China’s Youon, UK’s Cycle.land to Start Bike-Sharing in Tandem in London-Yicai Global What happened: Chinese bike rental company Youon Technology signed a cooperative framework agreement with UK-based...
View Article