According to insider information received by 36Kr, one of the cofounders of ofo, Zhang Siding, has established a new venture.
When it seemed like we were about to hear the eulogy to the troubled industry, Meituan-Dianping and Didi Chuxing – companies that timely bought into bike-sharing flag-bearers Mobike and Bluegogo – started revitalizing their bicycle fleets.
Not long after Chinese bike-sharing start-up Ofo withered away, its longtime rival Mobike has begun to withdraw from overseas markets.
“It was the best of times, it was the worst of times…” — Charles Dickens
Here is this week’s roundup of China tech stories.