Cooking-sharing app Home-Cooked has halted operations, indicating the downsides of sharing economy in today’s China.
According to the Chinese investment news portal PEdaily, Meituan has started recruiting costumer service employees for its shared power bank division.
Power bank rental company Energy Monster has completed its C round of financing, with a total funding of 500 million yuan.
Sharing creates affordable infrastructure for start-ups through co-working spaces and for food and beverage businesses by allowing them to share a massive fleet of delivery guys instead of owning one.
On March 9, office-sharing enterprises UCOMMUNE and Woo Space announced a merger. This merger is an important strategic step for UCOMMUNE after its previous merger with Hongtai Space two months ago. Now UCOMMUNE is valued at nearly $1.7 billion (11 billion yuan).
Two major bike-sharing companies, Mobike and ofo, have announced plans to share their big data.
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.
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 released its 2017 data on the afternoon of January 8. In 2017, Didi provided more than 7.43 billion trips to 450 million users in more than 400 Chinese cities, excluding trips for bikes and driver services. That is roughly equal to everyone in China using Didi five times in the past year.
Ucommune announced it has fully acquired Hontai in what is the largest acquisition the office sharing industry. Ucommune is valued at nearly 9 billion yuan.
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 held the opening ceremony for its car sharing business in Guian District, Guizhou province on December 29.
Business that target the sharing economy – especially shared bikes – have been the darlings of investors since 2015.
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.
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.