Bike rental firm Hello Global exceeds 300 million users
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
View ArticleOfo bets on e-commerce to save its sinking bike operation
Ofo has released a revamped app featuring e-commerce offerings on JD.com and Tmall through which users can 'earn' back their deposits by shopping rebates.
View ArticleMeituan asks users to disinfect bikes for ‘contactless’ rides
Meituan Bike's 'no-contact' hygienic biking plan: We bring the bikes. You bring the hygiene.
View ArticleChina’s bike rental sector recovering as workforce returns
China's bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
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Didi raises $1 billion in push for 100 million daily trips
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
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INSIGHTS | The bike rental boom is dead. Long live bike rental
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
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Ant Group-backed bike-rental app Hello Inc files for US IPO
Chinese bike-rental firm Hello Inc has filed for an initial public offering in the US, Bloomberg reported, citing people with knowledge of the matter. Why it matters: A survivor of China’s bike rental...
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China tightens grip on e-commerce, sharing economy IPOs: Retailheads
Last week, China’s market regulator rolled out a set of new rules addressing newer innovations in the e-commerce market. Two of China’s largest “sharing economy” firms filed for public listings in the...
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Hello Inc becomes first Chinese bike rental firm to file for US IPO
Hello Inc., the bike rental startup behind China’s ubiquitous blue HelloBikes, has submitted a prospectus to the US Securities and Exchange Commission in preparation for a Nasdaq IPO. This is a rare...
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[Infographic] The differences between Mobike and Ofo
As the ride-hailing wars have disappeared, the latest war is bike-sharing (more like bike-rental), with Mobike and Ofo leading the pack. In case you weren’t sure how exactly they are different,...
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Tier 3 failure shows bike-rental ain’t that easy
Chinese tech media is aflutter this morning after news last night that Kala, an O2O bike-rental company, went out of business after only 19 days of operation. In those 19 days, the company, in...
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[Updated] O2O bike-rental deposits in China may not be as secure as users think
You must have noticed the boom bike-rental companies in China as an increasing array of rainbow colored bikes mushrooming on streets across the country. Endless financing rounds from big names like...
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Ofo signs partnership with Huawei and China Telecom, finally becoming a...
Yesterday, Ofo has announced a partnership deal (in Chinese) with China Telecom (中国电信) and Huawei. The partnership will see China Telecom providing wireless data access, Huawei providing NB-IoT chips...
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Ofo becomes first bike-rental unicorn after US$ 450 million series D
Chinese bike-sharing firm Ofo announced today that it has secured US$ 450 million (around RMB 3.1 billion) in its Series D financing, a move that is heating up the already cut-throat competition in...
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The saga of the “bike-rental company that wasn’t” continues
Kala Danche (卡拉单车) is back in business. As you may recall, last week we reported that the company had lost over 75% of their bicycles in less than 20 days of operation. Because of that, their only...
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Beijing orders halt to electric bicycle-sharing service E-zebra
Beijing authorities recently ordered a halt to electric bicycle-sharing service E-zebra (in Chinese), citing safety and legitimacy concerns. In addition, users of the service were first notified...
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[Updated] The bike-rental war is creating unsustainable demand for bikes
China’s booming bike-sharing business has been disrupting the country’s traditional bike industry landscape, while also being acclaimed by city travelers for playing its part in cracking the hard nut...
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Shanghai mulling bike-rental regulations
Shanghai is mulling rules to regulate the sizzling yet reckless development of the city’s bike-rental sector, local media is reporting (in Chinese). The new rules, expected to be introduced in May and...
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Ofo announces deposit free rides for users with good Sesame Credit score
Chinese bike-rental company Ofo announced on Thursday (in Chinese) a strategic cooperation deal with Sesame Credit, a social credit scoring system developed by Ant Financial Services Group. Ant...
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Mobike joins ofo in Singapore with official launch
Months after dropping a hint for taking its services to overseas market, China’s top bike-rental startup Mobike announced today the launch of its hugely popular bike-sharing service in Singapore, the...
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