ofo Archives - Page 3 of 3

Beijing stops launching new sharing bikes and to issue guidance

On September 7, the Beijing Municipal Commission of Transport convened managers of the district management departments and 15 sharing bike companies. After listening to the opinions and advices on sharing bikes’ delivery and management, the commission decided to stop putting new sharing bikes into markets. All the sharing bike companies show their understanding and support […]

Honeymoon between sharing-bicycle companies and traditional bike makers comes to an end

A year-long “honeymoon” between sharing-bicycle companies and traditional bike makers is likely to come to an end. In past one year, the three major bicycle factories have reached cooperation with the sharing cycles. In 2016, Tianjin Pigeon Bicycle factory was the first to cooperate with ofo in July of that year, U-Bicycle company reached a […]

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 released in October. Users can use their electronic devices with NFC function to open immediately ofo bike’s lock, the first smart lock supporting NFC payment in the […]

Southeast Asia becomes Alibaba and Tencent’s new battle field

Two global technological forces are disrupting the peaceful ecological environment in Southeast Asia. They’re not Silicon Valley technological companies like Google or Facebook. They are the two Chinese giants Tencent and Alibaba. The two companies provide the strongest financial support and the most successful business experience for venture capital firms in Southeast Asia. More and […]

The Class Divide of Video Streaming in China: Village Cowboys VS. Urban Celebrities

In China, the tech world is rife with rivals. For bike sharing, there’s Mobike and ofo. For ride-hailing, there’s Didi and Uber (and we know how that turned out). And for vlogging and short videos, there’s Miaopai and Kwai. Much like Vine and Twitter, Miaopai shares a close relationship with Sina Weibo and can be […]

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 a bike, scanning its code, riding off and locking up. The simple process has made rental bikes a key ingredient in solving the problem of “the last mile.” […]

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 Private Equity, with additional investment from current investors Didi Chuxing and DST Global. CEC Capital served as the exclusive financial advisor to ofo in the transaction. This news is […]

Another Bike Sharing Company Bites the Dust. Founder: I Am Not Optimistic About Bike-Sharing

After Wukong Bikes’ bankruptcy just 8 days ago – June 8th 2017 – yet another bike-sharing company has gone bust. On June 21st, 3Vbike announced that it is going out of business, primarily due to a large amount of stolen bikes causing a strain on liquidity. This may come as a surprise to the company’s […]

No Intermission for Shared Bikes’ War

Hundreds of workers in bright yellow uniforms assemble small yellow bicycles at the Tianjin Flying Pigeon bicycle factory on May 19. The workers hurriedly attach the wheels and gears to each frame, and every 15 seconds a new ofo unit is born. Workers at the end of the line load each new bike into cardboard […]

The new trends of sharing economy in China

Anything is possible in business. The “Sharing economy” has penetrated into every aspect of life: sharing bicycle, sharing umbrellas (which though proved to be a failure within only one day.) What are the problems behind this seemingly endless economy model? And where do we go from here? 2016 truly was the year of “sharing economy”. […]

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