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 […]
View Articleofo’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. […]
View ArticleOfo 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 […]
View ArticleChina’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 […]
View ArticleAfter 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 […]
View Articleofo 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 […]
View ArticleMobike’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 […]
View ArticleOfo’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 […]
View ArticleBeijing 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 […]
View Articleofo pulls operation from South Korea
The Korea Herald first broke the news that ofo has begun retreating from the market and has already suspended most of the employees, which is regarded as part of a general layoff process.
View ArticleOfo rolls out 5-second video ad in main app
The video ads will be displayed after users scan the QR code to unlock the bike.
View ArticleBriefing: Mobike doubles down on India as ofo departs
Mobike is considering 10 more Indian cities and manufacturing bikes in India.
View ArticleBriefing: Employee claims Ofo continues to layoff staff in company downsize
Speculation of big layoffs at Ofo have been making the rounds since earlier this year.
View ArticleOfo said to complete a new round of financing led by Didi and Ant Financial
The news of ofo's E2-2 round comes amid rumors of acquisition by Didi Chuxing.
View ArticleBriefing: Mobike suspends operation in Manchester due to thefts and vandalism
This is the first time for Mobike to pull out of a city because of antisocial behavior.
View ArticleBriefing: Mobike begins replacing 40 thousand old bikes in Shenzhen
The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced.
View ArticleBriefing: ofo denies claims it can’t pay employees
The company said it had paid all employees and that it holds the right to counter libelous claims.
View ArticleBriefing: HelloBike rebranded as “HelloChuxing”
The company started registering a series of trademarks back in April.
View ArticleOfo denies using GSE cryptocurrency for fundraising
According to media reports, ofo used the cryptocurrency to cover its mounting losses.
View ArticleBriefing: Uber is coming back to China to make scooters
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
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