Mobike Archives - Page 2 of 3

Possible Allocation of 10 Billion RMB in User Deposit by Bike-Sharing Platform ofo

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.

Mobike’s Shared Cars to be Launched on the Bike-Sharing App Deliverable in October

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”.

Man Sentenced to 6 Months Jail for Taking Two Shared Mobikes

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.

Mobike Founder Hu Weiwei Becomes New CEO Replacing Wang Xiaofeng

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.

Ep. 1: Toutiao’s Apology and Mobike’s Acquisition by Meituan

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 Acquires Mobike, One of the World’s Largest Bike-Sharing Companies

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 will enter Tokyo in June

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.

Mobike, ofo Share Bicycle Data, Reveal Cycling Heat Map

Two major bike-sharing companies, Mobike and ofo, have announced plans to share their big data.

PitchBook Publishes Unicorn Class of 2017, Mobike and NIO Make the List

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.

ofo Expands Overseas: From Seattle to 15 US Cities

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.

DiDi to Launch Comprehensive Bike-sharing Platform; Cooperates with bluegogo

Didi Chuxing announced today that it will soon launch a comprehensive bike-sharing platform within its APP, which will integrate ofo, bluegogo, and other potential bike-sharing partners, as well as DiDi’s upcoming own-branded bike-sharing service. DiDi will also introduce deposit-free arrangements to support a better user experience.

Didi Rumored to Purchase Bluegogo, Create Shared Bike Brand

36 Kr reported that Didi will complete the acquisition of Bluegogo in the near future, and that it has already signed the purchase agreement. In addition, Didi, which invested Ofo, is trying to create its own shared bicycle system.

Mobike Begins Car Sharing Business in Guizhou

Mobike held the opening ceremony for its car sharing business in Guian District, Guizhou province on December 29.

Bike-Sharing in 2017: Industry Starts to Transform from Crazy to Rational

Business that target the sharing economy – especially shared bikes – have been the darlings of investors since 2015.

Top 10 Internet Trends in 2017

2017 is coming to an end and it’s time to sum it up. Every year, countless products emerge, occur, change and die. Along with the growth of the Internet, we reviewed ten Internet trends of 2017.

Mobike Receives Overseas Financing from Japanese Social Network LINE

Mobike announced it had reached strategic partnership with LINE, Japan’s largest mobile social networking service provider, on December 20.

Mobike Sues Advertisers: Beijing, Guangzhou Fleets Plastered with Illegal Ads

Mobike is declaring war on illegal ads. Mobike sued Shanghai Huijia Information Technology in Shanghai Pudong District People’s Court on December 14. Mobike demanded the defendant immediately stop attaching illegal ads to Mobike bikes, and to compensate for its infringement and to publicly issue a statement to eliminate the bad effect.

Mobike Awarded with UN’s Top Environmental Prize

Over the past year, the percentage of people traveling China’s major cities by bicycle has risen from 5.5 percent to 11.6 percent.

Mobike Denies Misappropriating Deposit, Says Users Can Withdraw Any Time

Mobike rejected a November report that it and its competitor ofo had run into liquidity problems and started using users’ deposited funds to support their expansion. Mobike holds approximately 6 billion yuan in deposited funds. Mobike and ofo also reportedly stoped paying their debts to bicycle factories and PR companies.

Mobike CEO Celebrates 200th City, Rejects Merger with ofo

Wang Xiaofeng, co-founder and CEO of Mobike, delivered a speech themed The Internationalization of Chinese Enterprises at The Year Ahead summit, hosted by Bloomberg Businessweek in cooperation with Sina Weibo. He spoke about internationalization and Mobike’s ideas, and rejected ideas about a merger.

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