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...
Tag: #ofo
Showing 12 of 50 posts with this tag
What Killed ofo — The Fall of a Unicorn
“It will take 3.6 years to get my deposit back,” a reporter from Sina wrote. Ofo users have been seen waiting in line in front of the company's headquarters ...
12/20/20184 min read
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...
Newsletter: Hyperloop TT to Build China's First Hyperloop System
Here's this week's roundup of China tech stories. Renren, once “Facebook of China”, has now downgraded to a social media zombie with drastic shrinkage of its...
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...
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 potent...
Why Are China’s Internet Giants Reviving Bike-sharing?
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.
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 expan...
China’s VC Market is Dwindling, but Is It a Bad Thing?
After a record-setting 2018 that saw Chinese VCs ladle out cash to startups at mind-boggling valuations, current numbers spooked global investors, some of whom regard the diminished numbers as a sign of an imminent industry debacle.
1/1/20205 min read
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 G...
3/14/20184 min read
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. SEE ALSO: Bike-Sharing in 2017: Industry Star...
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 Bloom...