ofo Archives - Page 2 of 3

ofo Raises $866M In Series E2-1 Financing Round

Chinese bike-sharing company ofo announced the completion of its series E2-1 round of financing led by e-commerce giant Alibaba, raising $866 million. Haofeng Group, Tianhe Capital, Ant Financial and Junli Capital also participated in the investment.

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.

DiDi Launches Comprehensive Bike-Sharing Platform

Didi Chuxing today officially launched its comprehensive bike-sharing platform within its app, which now integrates the services of bluegogo and ofo. Beijing and Shenzhen will be the first two cities where users can find the “Bike-Sharing” tab on the DiDi app and use bluegogo’s bike through the app with no deposit required.

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.

Another Bike Sharing Company Bites the Dust: Employees Say Bluegogo is Gonegone

On November 15, Bike sharing company Bluegogo employees posted on a professional social platform that Bluegogo had been disbanded, and it will continue to default on employee salaries until February 10, 2018.

Los Angeles Next Stop in ofo’s North American Expansion

China’s shared bike startup ofo has entered Los Angeles and is offering bicycles for rent in Griffith Park. In celebration of the annual autumn festival, ofo arranged booths throughout the park where residents and visitors can test drive ofo bikes and experience bike-sharing culture.

Shenzhen will Pilot Smart Bike Dock Lock for Shared Bikes

The reporter learns from Shenzhen Road Management Center that Shenzhen plans pilot smart dock lock of shared bikes. When residents return bikes in demonstration region, lock pile could read label and automatically lock bikes. The demonstration site, located in Yuehai Sub-district, Nanshan District in Shenzhen, will set up 30 parking areas, 2000 lock piles and […]

Mobike Reached Strategic Partnership with Shouqi Limousine & Chauffeur

One account can be used in both Mobike and Shouqi Limousine &Chauffeur and which do you prefer, this combination or Didi +ofo? Today, Mobike announced its cooperation with Shouqi（首汽约车）. They will cooperate in APP docking, service connectivity, user synergizing, brand marketing and technology R&D. If users upgrade to latest version of Mobike APP, they can […]

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 investor of ofo, said that Mobike and ofo accounted for 95% of the total market share, but they still would spend more fund in operation. Profitability is possible only when the […]

The patent disputes won’t trouble Mobike too much

On September 14, 2017, Shanghai Intellectual Property Court issued the first instance judgement on Hu Tao’s prosecution on Mobike (Beijing) Information Technology co., LTD. (hereinafter referred to as the Mobike) for its infringement of the invention patents. Mobike’s bike lock control system is out of the scope of patent protection and thus it doesn’t infringe […]

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