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.
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Not long after Chinese bike-sharing start-up Ofo withered away, its longtime rival Mobike has begun to withdraw from overseas markets.
On Jan. 23, Wang Huiwen, co-founder and senior vice president of Chinese food delivery giant Meituan Dianping, announced in an internal letter the full integration of bike-sharing company Mobike into the Meituan system.
Here is this week's roundup of China tech stories.
On Dec. 23, Mobike's internal letter disclosed that Mobike founder Hu Weiwei resigned from the position of Mobike's CEO for personal reasons
On Nov. 15, Mobike announced that it has struck a partnership with Louis Vuitton, the French luxury brand, in launching location-based services.
Panasonic announced on Nov. 7 that it will explore collaboration with China's Mobike “to jointly develop and provide highly convenient bikes for bike sharing and rental service users.”
On Sept. 20, Meituan-Dianping started trading at the Hong Kong Stock Exchange.
A story about how a Shanghai-based bike designer decided to pursue his dream, all because of one film.
Erica was an editor, this is the story of how she refused to accept what life’s thrown at her, and decided to get whatever she wants instead.
Meituan-Dianping (Meituan), one of the most popular local online group purchase platforms in China, updated the operating data throughout its IPO Prospectus on September 3.
Meituan Hotels has overtaken Ctrip to rank first in China on the fronts of order volume and nights booked in Q2 2018, according to a report released on August 30 by Trustdata, a mobile internet data monitoring company.
Bike-sharing giant ofo has finally agreed to be bought out by Didi-Chuxing according to Chinese media. The deal is said to be worth $2 billion and that all other co-founders, except for CEO Dai Wei, will be leaving the company, according to the report.
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.