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Mobike accelerates European expansion with second stop in Italy
Shortly after launching in UK last month, Chinese bike-sharing giant Mobike announced Tuesday that it’s pedaling its way to a second stop in Europe—Italy—in an extended competition with its arch-rival...
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China releases first national guidelines for bike rental industry
After several tragic deaths and countless headaches for municipal authorities caused by the bike rental boom, the first guidelines for regulating bike rental for the whole of China have officially...
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After a false start, China sees its first bike-rental IPO
China’s burgeoning bike-rental industry has witnessed its first-ever IPO as Changzhou-based startup Youon went public today. Shares of Youon started trading this morning on Shanghai Stock Exchange at...
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Shanghai just says “No” to more dockless bikes
Shanghai transportation authorities jointly announced on August 18 that no more new bikes should be placed in the city, taking a firmer stand in its moves to crack down on bike rental services, our...
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Ofo to launch NFC-enabled smart locks
China’s leading bike-sharing startup ofo is coming up with a new solution to unlock their bikes—near-field Communication (NFC) locks. Ofo announced today that their new NFC-enabled locks have been put...
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Ofo and Mobike aren’t doing so well in Singapore
China’s fast-expanding bike-sharing startups ofo and Mobike both expanded to Singapore earlier this year, but it turns out that the local bike rental operator oBike is winning the local game. Ofo...
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Beijing joins list of cities saying no to new shared bikes
China’s dockless bike rental market is fairly young given that major players in the market like Mobike and ofo weren’t born until very recently. The sector has witnessed breakneck development over the...
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Mobike lands in Washington D.C., their first US city
Mobike, a major Chinese bike-rental company, has just placed their first batch of bikes in the capital of the United States as part of its ambitious global expansion plan. Closely following its...
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ofo pedals their way into four European countries on World Car Free Day
The globalization competition between ofo and Mobike, two of China’s top bike rental giants, is reaching a feverish pitch. Instead of revealing the entrance to overseas markets one by one, ofo...
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Mobike vs ofo: The race for the world’s bike rental market
It is almost two years since Mobike co-founder Hu Weiwei put around 50 bicycles on the streets of Shanghai and drove away. Ofo had a similar beginning, spreading out shared bikes on Beijing’s...
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Mobike launches new, lighter stronger model
Mobike, China’s major bike-rental company, today launched a new model of its smart bike called “New Lite.” It features a minimalist design, longer lifespan, and lighter weight. The all-new model comes...
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Ofo in talks to raise new financing of more than $1 billion
Chinese bike rental company ofo is in talks to raise new financing of more than $1 billion, Reuters is reporting. Ofo’s co-founder Yang Pinjie, now based in the Moscow, told Reuters that the amount of...
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Gold bike startup looks for buyer as users demand deposits back
Crowds of people descend on the Coolqi bike hire scheme’s head office in Tongzhou to get their deposits back as Coolqi founder and CEO Gao Weiwei (高唯伟) tells our sister site that the company is not...
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Ofo releases National Holiday cycling report: Lhasa shows highest increase in...
On October 8th, bike rental startup ofo released “2017 National Day Holiday Travel Data Report.” According to the report, the capital of the Tibet Autonomous Region, Lhasa showed the highest increase...
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Mobike testing ride-hailing feature to challenge Didi & ofo tie-up
Chinese bike rental firm Mobike rolled out a ride-hailing feature in its latest app update through a partnership with car-summoning operator Shouqi Limousine & Chauffer (首汽租车). Screenshot of the...
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Ofo launches in US capital, hopes to conquer US market within a year
Ofo, China’s leading bike rental company, announced October 10 its launch in Washington, D.C., following Seattle and Massachusetts. The fast-expanding firm will deploy 400 of its yellow bikes over the...
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Ofo hits Australia while Bluegogo struggling to refund deposits
Ofo is taking over another global city: after conducting a pilot program in Adelaide in South Australia, the company is putting their small yellow bikes in Sydney. Ofo also announced that it will...
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Taiwan Turnaround: Are regulators killing innovation?
In part 4 and the finale of the Taiwan Turnaround series looking at how Taiwan’s internet tech scene is catching up, TechNode looks at the effects that regulations have had on the startup economy and...
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China Tech Talk 25: Mobike goes global with Florian Bohnert
This week John and Matt follow up with Florian Bohnert, Head of Global Partnerships about what Mobike has been up to since we last talked, including: How Mobike has expanded into global marketsThe...
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2017 Q3 bike rental market analysis from Cheetah lab: Getting ready for winter
Statistics from the Cheetah big data shows that ofo and Mobike still occupy the majority of the bicycle rental market in the third quarter of 2017, Chinese media Lanjing TMT is reporting. As the...
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