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ofo’s US fire sale is another spoke in China’s rental-bike wheel
Just over one year ago, when Chinese bike rental company ofo first rolled out its services in Washington D.C., the company said it was “thrilled” to be in the American capital, a city it described as...
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Ofo rumor mill continues as they battle whispers of bankruptcy
Over the past few months, rumors of ofo’s mounting debt, lawsuits, and potential mergers have been making the rounds in local news headlines. The latest one, surfaced yesterday, alleged that the...
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Ofo moves its Beijing headquarters in midst of cash crunch
In late September, news leaked that Ofo workers had deserted en masse their Beijing office, which once hosted the likes of Sina and Baidu. The bike-rental company responded afterward that their rental...
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Briefing: SoftBank may invest in Hello TransTech, insiders say
SoftBank to invest in Chinese bike-sharing firm Hellobike: sources–Reuters What happened: On Wednesday, The Information published a report that Japanese conglomerate SoftBank is in talks to invest in...
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ofo urges users to transfer deposits to online loan platform for deposit-free...
Bike rental firm ofo today (November 23) began urging its users to transfer their existing deposits in the app to online loan platform PPmoney as part of a commercial agreement with the lender, our...
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ofo says its refund system still works despite increased processing times
Amid rumors of bankruptcy and acquisition, Chinese bike rental firm ofo has said that its system for refunding users’ deposits is functioning normally, despite increased processing times. The company...
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ofo partners with nine online lenders amid cash strain
In a bid to ease its cash strain, Chinese bike rental firm ofo has entered into partnerships with nine online loan platforms, allowing them to acquire more users by listing their services within its...
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Some ofo users unable to apply for in-app deposit refunds
In the latest ofo debacle, some users of the Chinese bike rental firm found that they were unable to apply for deposit refunds within its app. ofo users told the Beijing Youth Daily (in Chinese) that...
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Briefing: ofo may soon require users to park bikes in designated areas
ofo将于本月10日推新版用户停车规范，用户须在指定区域停车 – PingWest What happened: ofo released a somewhat vague notice on Thursday (Dec. 6) saying it would begin regulating users’ parking habits across China. In response to...
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Mobike suspected of GDPR violations in industry-wide German investigation
Chinese bike-rental company Mobike is under investigation by data regulators in Germany over suspicions it may have breached EU data laws, reports Tencent Tech. The Berlin data protection commissioner...
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Briefing: ofo users descend upon its Beijing office to demand refunds
Frustrated Shared-Bike Riders Go to Ofo in Search of Refunds – Caixin Global What happened: More than 100 users of cash-strapped bike-rental platform ofo gathered outside the company’s Beijing office...
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Briefing: Mobike co-founder Hu Weiwei resigns as CEO
Mobike founder Hu Weiwei quits chief executive role at China’s leading bike-sharing firm – SCMP What happened: Mobike co-founder and CEO Hu Weiwei has resigned for “personal reasons.” The 36-year-old...
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Briefing: Didi executive says Ofo financing rumors are ‘foolish’
滴滴收购ofo文件曝光？滴滴李敏：10月9日就辟过谣了 – Sina Tech What happened: Didi Vice President Li Min has denied rumors that the company planned to invest $500 million in bike-rental firm Ofo’s Series F in August,...
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Briefing: Hello TransTech secures RMB 4 billion in funding
哈啰出行完成近40亿元新融资，春华资本、蚂蚁金服联合领投 – Jiemian What happened: Hello TransTech investors have revealed recently that the Chinese bike-rental firm closed a funding round of nearly RMB 4 billion (around $580...
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Mobike removed from WeChat Pay, increasing barriers for users
Super messaging app WeChat has removed bike-rental firm Mobike from its in-app wallet feature, a significant source of users for the mobility firm, reports Chinese media. “Riders can still access to...
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Hello TransTech to launch carpooling service in 10 cities
Chinese bike-rental firm Hello TransTech will launch a carpooling platform later this month, our sister site TechNode Chinese reports, marking its latest expansion into China’s increasingly regulated...
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Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app
Chinese bike-rental company Mobike will rebrand as Meituan Bike as it abandons its standalone app to be included in internet giant Meituan’s platform as an in-app feature. The Chinese bike-rental firm...
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Didi launches bike rental feature for blowing the whistle on ‘uncivilized’ users
Chinese ride-hailing giant Didi is rolling out a feature on its bike-rental platform allowing its users to report each other for “uncivilized” behavior. The feature enables users to blow the whistle...
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Briefing: Bike rental cool down prompts calls for policy change
街头共享单车数量明显少了 “禁投令”该不该放松 – Tencent Tech What happened: Alibaba-backed bike rental company Hello Transtech was summoned by the Shanghai government in January for illegally placing new bikes in downtown...
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Courts instruct Ofo to pay RMB 150 million in debts and fines
Beijing court records published online yesterday show that last November, rental bike company Ofo owed two suppliers almost RMB 150 million (around $22 million) after defaulting on payments. The...
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