Dock-less cycle-sharing group Mobike, owned by Meituan Dianping, announced that nearly 190,000 users had reported destruction and misuse of bikes through the app in 2019.
Ofo, plagued by bankruptcy rumors, has had a tough year trying to pay back user deposits. The Chinese bike-sharing startup recently launched a new controversial refund policy.
Sharing creates affordable infrastructure for start-ups through co-working spaces and for food and beverage businesses by allowing them to share a massive fleet of delivery guys instead of owning one.
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.
“It will take 3.6 years to get my deposit back,” a reporter from Sina wrote. Ofo users have been seen waiting in line in front of the company's headquarters at Zhongguancun in Beijing for the past few days. The harsh winds of the Beijing winter didn't stop them from getting their deposit back.
On Nov. 15, Mobike announced that it has struck a partnership with Louis Vuitton, the French luxury brand, in launching location-based services.
This episode of TechBuzz China is our second of two focused on bike-sharing in China.
Ofo dispelled rumors on July 30 that its negotiation with DiDi Chuxing is soon to come to a close.
The Internet age has brought with it the “New Four Great Inventions” of China: high speed trains, scan-and-pay mobile payments, bike-sharing, and ecommerce. This week’s episode is the first in a two-part story on bike-sharing
The Chinese bike-sharing startup ofo confirmed with Quartz that the company is laying off employees in its North American marketing, communications, and engineering teams, along with its recent withdrawal from other markets.
Mobike, one of the world's largest bike-sharing companies, has just launched its new pedal-assisted electric bikes as well as a deposit refund plan at the launch event on July 5.