Ofo's $2 Billion Acquisition by Didi Rumored to be Finalized
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 othe...
Tag: #Mobike
Showing 12 of 60 posts with this tag
Panasonic and China's Mobike Consider Partnership over E-bikes
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 an...
11/8/20182 min read
Mobike Lite Lands in Shenzhen with 1-Second Unlock Times
Mobike launched Mobike New Lite, its latest model of bicycle, on September 22. After a two-month wait, the new models were finally available in Shenzhen's Futia...
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 ...
ofo Raises 700 Million US Dollar Series E, Led by Alibaba
On July 6, Chinese bike-sharing start-up ofo announced a 700 million dollar funding round. The Series E funding was led by Alibaba, Hony Capital, and CITIC Priv...
ofo will upgrade its locks which “snap open with single touch”
On August 22, ofo announced it has completed the R&D of the brand new smart lock supporting NFC payment and began mass production. The new locks will be rel...
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 comp...
5/28/20182 min read
ofo Investor Says it is Profitable Only When Mobike Merges with ofo
On the Third Fudan Chief Economist Forum in Shanghai, when talking about sharing bicycle development, Allen Zhu, the managing director of GSR Venture and invest...
Ofo and Didi Respond to Acquisition Negotiation Rumors
Ofo dispelled rumors on July 30 that its negotiation with DiDi Chuxing is soon to come to a close. SEE ALSO: Ofo Rode Out of Madrid, Available in Only Three Eu...
Meituan-Dianping Listed on HKEX Amidst Great Losses
On Sept. 20, Meituan-Dianping started trading at the Hong Kong Stock Exchange. According to Chinese media 36Kr, Wang Xing, CEO of Meituan, expressed his sincere...
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. LINE took the leadin...
China's Bike-Sharing Business Meets Mixed Response Abroad
It only took two years for colorful rental bikes to dominate the landscape of China's prosperous cities. Across the country, users have built a habit of finding...