Clik here to view.
Bike-rental firms confirm in-app balance refundable, but still not easy
Five bike-rental firms made it clear that users can get back their in-app balance, following their statement weeks ago that bike-rental deposits are secure and are totally refundable, local media is...
View ArticleClik here to view.
[Updated] Mobike jumps on hongbao bandwagon with “Mobike, mo’ money”
Mobike announced yesterday (in Chinese) that their app will now include the option to ride for hongbao (红包 or “red envelopes” in English). Similar to Pokemon GO, users can “hunt” for Mobike red...
View ArticleClik here to view.
How ofo is bringing China’s latest export to the rest of the world
Ofo, China’s latest bike-rental unicorn that Apple CEO Tim Cook paid his tribute to during China visit, is looking beyond the borders of the middle kingdom. “The act of bike-sharing could someday...
View ArticleClik here to view.
10 bikes in 16 minutes: Bike-rental race revives flagging industry
Editor’s note: This was originally a two part report by Li Siyi and Jiang Xiaochuan for Tencent Finance. It has been translated and further edited for clarity and style by Linda Lew. In winning the...
View ArticleClik here to view.
Bike-rental firm Youon seeks IPO
Bike-rental firm Youon submitted today an updated initial public offering prospectus to China’s securities regulator, seeking a listing in the country’s A-share market, local media is reporting (in...
View ArticleClik here to view.
Mobike bike-rental feature added to Wechat Wallet
Users are able to access Mobike’s cycle-rental feature within the Wallet function of popular messaging app Wechat, our sister site TechNode Chinese is reporting. The Mobike bike-rental feature now...
View ArticleClik here to view.
On April Fool’s Day, one joke gets opposite reactions from China’s bike...
Ah, it’s that time of year again: when the unsuspecting are caught unawares by the unstoppable forces of time. April Fool’s has become a time-honored tradition for those in tech, a time for everyone...
View ArticleClik here to view.
Ofo founder confirms bike-rental functions will come to Didi app
Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds...
View ArticleClik here to view.
Ofo announces partnership with China’s GPS for smart locks
Ofo has announced a strategic partnership with BeiDou Navigation, a Chinese government-backed sattelite positioning system, that will see ofo bikes equipped with Beidou-enabled smart locks, our sister...
View ArticleClik here to view.
Mobike announces “Magic Cube,” an AI made from its mountains of user data
Bike-rental startup Mobike announced yesterday the launch of its artificial intelligence (AI) data monitoring platform dubbed “Magic Cube”, in its renewed efforts to fight against its rivals, our...
View ArticleClik here to view.
Weekly Briefing: Mobile payments, O2O, and the IoT economy
Editor’s note: This originally appeared in our weekly newsletter. Sign up here to get our updates straight to your inbox. This week’s briefing starts off a bit personal. I’ve been in and out of...
View ArticleClik here to view.
Power bank rentals are taking off in China but will never be as big as bikes
While the buzz surrounding China’s bike rental industry has yet to cool off, power bank rentals, another vertical under the rental economy business model is causing. What happened previously to the...
View ArticleClik here to view.
Ofo teams up with largest bicycle producer Fushida
The race is still on in China’s bike-rental sector. Bike-rental startup ofo and the world’s largest bicycle producer Fushida recently entered into a strategic partnership that will see the latter...
View ArticleClik here to view.
Bike-rental startup ofo lands series D+ backed by Alibaba’s Ant Financial
The funding spree continues in China’s bike-rental sector. Bike-rental startup ofo announced over the weekend that it raised an undisclosed amount in its Series D+ from Alibaba’s financial arm Ant...
View Article[Podcast] China Tech Talk 1: An introduction to China’s bike sharing
Editor’s note: We are very happy to announce the China Tech Talk podcast, a colloboration with ChinaChannel. Every week John and Matthew will discuss the latest trends and happenings in China’s...
View ArticleClik here to view.
Beijing drafts regulations mandating smart locks for bike-rentals in the city
The Beijing government is soliciting public opinion on draft guidelines aimed at reining in the disorderly expansion of the city’s bike-rental sector, local media is reporting (in Chinese). The draft...
View ArticleClik here to view.
Didi app embeds ofo to provide flexible solution for short trips
After weeks of rumors, Chinese ride-hailing giant Didi Chuxing announced today it has added bike-sharing service from ofo to its app. DiDi users will have direct access to ofo’s bright yellow bikes in...
View ArticleClik here to view.
Bike-rental war escalates with Alipay supporting “scan-and-ride” function for...
Alipay, the online and mobile payment platform operated by Ant Financial, has teamed up with six bike-rental apps to allow users to rent 6 million bikes in 50 cities across China directly through the...
View ArticleClik here to view.
Ofo bike-rental operations halted by local government
Bike-rental startup ofo has been ordered to be pulled out from east China’s Nantong city by local chengguan (城管; refers to “city management” departments) for cramming onto the sidewalks, only one day...
View ArticleClik here to view.
Mobike teams up with China’s largest thin-film solar cell manufacturer
Bike-rental startup Mobike and China’s largest thin-film solar cell manufacturer Hanergy Holding Group (汉能) announced yesterday a strategic partnership that will see the latter’s thin-film solar...
View Article