On the morning of June 11, Caixin.com revealed that, ofo, the Beijing-based bike-sharing platform, has a 1.5 billion yuan ($234.2 million) deficit with only 3.5 billion yuan left in user deposit.
China’s bike-sharing giant, Mobike Technology Co., unveiled its new shared car on April 19 in Beijing. Manufactured by Xinte Electric, a local electric car company out of the Guizhou province of China, the new shared automobile is called “DEV1 shared version”.
Caught destroying the locks and attempting to make the two shared bicycles from Mobike his own, a Shenzhen resident was sentenced to 6-months in jail and a fine of 3,000 yuan ($473) for theft by the People’s Court of Longgang District in Shenzhen.
On April 28, Wang Xing, Chairman of Mobike and CEO at Meituan-Dianping together with Mobike founder Hu Weiwei announced the new organizational adjustment in an internal letter.
TechBuzz China is a new weekly technology podcast powered by Pandaily hosted by Rui Ma and Ying-Ying Lu. To listen to this week’s conversation on Toutiao’s Apology and Mobike’s Acquisition by Meituan-Dianping, you can tune in to TechBuzz China on iTunes Podcast, SoundCloud, or simply search for TechBuzz China in the podcast app of your choice.
Meituan, one of the world’s largest e-commerce platforms of services, announced today that the Company has entered into an agreement to acquire Mobike, one of the world’s largest smart bike-sharing companies.
Mobike, China’s shared bicycle giant, will officially enter the Japanese market this year starting with Tokyo in June. Mobike will enter several Japanese cities this year with 30,000 bicycles. Mobike will cooperate with convenience store giants and restaurant chains to set up dedicated spaces to park bicycles in their shops.
Two major bike-sharing companies, Mobike and ofo, have announced plans to share their big data.
PitchBook, a global data research institution based in the Silicon Valley, names its Unicorn Class of 2017. In 2017, 57 start-ups were valued at more than $1 billion, and their total value was as high as $116 billion. Eighteen Chinese enterprises were on the list, and 10 were among the top 20.
On Christmas Eve 2017, the sun shined in Seattle. Several people rode bikes of the same color and type on the right side of a main thoroughfare in the city center.