Chinese city wants to regulate bike rental platforms with social credit system
Foshan will require Mobike, ofo, and other bike rental companies to hand over users blacklisted for bad parking.
View ArticleHello TransTech reportedly in negotiations to acquire ofo
According to one source, ofo will find it difficult to provide a "valuation under an assumption of continuous operations."
View ArticleBriefing: Hello TransTech going all in on ride-hailing through partnership...
China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
View ArticleBriefing: Ofo founder renounces position amid mounting lawsuits
The bike rental giant is currently in negotiations about merging with Hello TransTech, previously known as HelloBike.
View ArticleBriefing: Chinese bike rental firms reduce bike placements in major cities
The current reduction in bike placement is also a result of a cooling market.
View ArticleBriefing: Ofo rumored to withdraw from Japan
Three Japanese cities have reportedly received notice from ofo.
View ArticleBriefing: Youon continues overseas expansion through parntership with UK...
Youon is one of the few Chinese bike rental companies still expanding overseas.
View Articleofo’s US fire sale is another spoke in China’s rental-bike wheel
Cash-strapped Ofo could try wheeling its business down another path.
View ArticleOfo rumor mill continues as they battle whispers of bankruptcy
The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans.
View ArticleOfo moves its Beijing headquarters in midst of cash crunch
Ofo's headquarters have shifted as it faces a reported cash crunch.
View ArticleBriefing: SoftBank may invest in Hello TransTech, insiders say
A spokesman said Hello TransTech is currently valued at over $2 billion.
View Articleofo urges users to transfer deposits to online loan platform for deposit-free...
ofo has been criticized for is selling its users and attempting to avoid paying back deposits.
View Articleofo says its refund system still works despite increased processing times
The company's ability to pay back users' deposits has been questioned after rumors of acquisition and insolvency.
View Articleofo partners with nine online lenders amid cash strain
The company reportedly inked the deals at 10% to 20% below the going price for acquiring new users.
View ArticleSome ofo users unable to apply for in-app deposit refunds
ofo says the claims are untrue but admits to graying out the refund button to retain users.
View ArticleBriefing: ofo may soon require users to park bikes in designated areas
Reading Time: 1 minute It may spell more restricted mobility for China's many bike-rental users.
View ArticleMobike suspected of GDPR violations in industry-wide German investigation
Berlin's data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
View ArticleBriefing: ofo users descend upon its Beijing office to demand refunds
Some users have reported waiting up to a month for their money to be returned.
View ArticleBriefing: Mobike co-founder Hu Weiwei resigns as CEO
Hu's resignation comes at a tumultuous time in China's bike-rental industry.
View ArticleBriefing: Didi executive says Ofo financing rumors are ‘foolish’
The Chinese bike-sharing firm has been teetering on the edge of bankruptcy.
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