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Failures and opportunities: A pivotal moment for China’s mobility industry
Last year was a rough one for the rental economy and mobility industries in China. With long lines of disgruntled customers outside Ofo’s Beijing office looking for refunds, sexual and physical...
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Court froze RMB 1.45 million of Ofo assets this month
A civil suit from a supplier has once again highlighted bike-rental startup Ofo’s plight, with a Tianjin court recently freezing RMB 1.45 million (about $220,000) of its assets. The order was released...
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Briefing: Ofo tests in-app store as solution for user refund issue
ofo悄悄试水折扣商城，也许还能抢救一下？ – 36Kr What happened: Bike-rental firm Ofo is testing an in-app discount store whereby users can convert deposits to virtual coins to buy daily items, including coffee, tissues,...
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Mobike will scrap some but not all of its Asia-Pacific businesses
Bike-rental startup Mobike owned by lifestyle services company Meituan confirmed Monday that it is shutting down some of its Asia businesses, but denied that the closures are part of a larger exit...
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Briefing: Didi takes punitive measures against deviant shared bike riders
滴滴发布违规使用单车惩罚措施，相关账号将被冻结5-90天 — Jiemian What happened: Mobility company Didi is taking more severe punitive measures against misbehaving rental bike riders. Rule-breaking such as locking and/or hiding...
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Mobike and Bluegogo double rates in Beijing in bid to stay afloat
Ride-sharing bikes line in a street in Shanghai (Image credit: TechNode / Shi Jiayi). Chinese bike-rental companies are taking action to bolster profitability amid huge losses and major cash flow...
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Ofo claims operations are ‘normal’ despite bankruptcy application
In a post on microblogging platform Weibo Tuesday evening, troubled bike-rental company Ofo denied reports of impending bankruptcy and maintained that the company is “currently operating normally.”...
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Briefing: Management buyout of Mobike Europe nearly finalized
Bike-sharing start-up Mobike close to management buyout in Europe – The Telegraph What happened: Citing an email sent from Mobike to investors, The Telegraph reported that the company’s European arm...
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Briefing: Mobike, Hellobike are charging extra in Shanghai suburbs
摩拜、哈罗正从郊区市场撤退 超出范围停车会向用户收取管理费 – IT时报 What happened: Bike-rental startup Mobike, which is owned by lifestyle app Meituan-Dianping, has started to charge Shanghai users an extra RMB 20 (around $3) if...
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Guangzhou invites bike-rental firms to bid for quotas after 19-month ban
A collection of Mobikes line the street in Beijing April 9, 2019. (Image credit: TechNode/Cassidy McDonald) Guangzhou authorities are inviting Chinese bike-rental companies to bring new bicycles into...
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Didi reprimanded for introducing new shared bikes in Beijing in red tape snafu
Chinese bike-rental companies are taking an indirect path to revive their businesses — replacing old bikes with new ones. Didi this week replaced 10,000 used bikes in Beijing with 3,000 new ones in an...
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Hello TransTech fuels Alibaba’s mobility ambitions
It’s rumored (Chinese link) that at a dinner attended by Ant Financial and Hello TransTech (formerly Hellobike) bigwigs, Ant Financial CEO Jing Xiandong cracked open a bottle of Guizhou Maotai, an...
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Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling...
Chinese Bike-Sharing Rental Rates Go Up Since April, Hellobike Increases to RMB 4 Per Hour, Double that Weeks Ago -PingWest What happened: Following in the footsteps of Mobike and Bluegogo, Ant...
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Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
A commuter rides past a row of shared bicycles in Shanghai on March 22, 2019. (Image credit: TechNode/Cassidy McDonald) Guangzhou has become the first Chinese municipal government to reverse a ban on...
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Briefing: Didi sets up two-wheeler unit to capture short-ride demand
滴滴发内部员工信：宣布整合升级成立两轮车事业部 – Tencent News What happened: Didi has formed a two-wheeler business group according to an internal letter released late Monday, a person close to the company confirmed with...
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Briefing: Supplier takes Ofo to court over RMB 250 million manufacturing bid
2.5亿标的无法执行 法院认定ofo“无财产” – Xinhua What happened: A bike manufacturer in the northern Chinese city of Tianjin has taken bike rental company Ofo to court over a RMB 250 million (around $36.2 million)...
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Briefing: Nonprofit buys abandoned rental bikes for school kids in Myanmar
Myanmar entrepreneur buys unused bicycles for poor children – Bangkok Post What happened: Lesswalk, a nonprofit initiative launched by Myanmar-based tech entrepreneur Mike Than Tun Win, has bought...
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CHINA VOICES | Ofo’s final fight
Ofo flew too close to the sun. Their dockless bikeshare model blew my mind when I first moved to China (I snuck a ridiculous quote into the China Times) and for a time Ofo was perhaps the hottest...
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Chinese firms should focus on capital efficiency: GGV Capital
If you can’t see the YouTube player above, try watching here instead. Chinese innovation investment has continued to shrink as investor fundraising has cooled further this year. Only 271 private...
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Mobility giants Didi, Hellobike reportedly raise funding as competition looms
Chinese ride-hailing firm Didi Chuxing is reportedly raising up to $2 billion from investors while bike-rental company Hellobike is seeking a $400 million cash infusion, the latest in a series of...
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