sharing economy Archives - Page 4 of 5

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.

China’s Home-sharing Platform Xiaozhu Completed $120 million E-round Financing

Xiaozhu announced it raised $120 million during its E-round financing on November 1. YF Capital led the round, and existing shareholders, such as JOY Capital, Morningside Venture Capital and Capital Today, increased their stake. TH Capital is Xiaozhu’s only financial adviser.

Car-sharing Platform TOGO Raised $22 Million in B Round

Car-sharing Platform TOGO Received USD 22 Million in B Round Financing with SIG as Keading Investor and Zhen Fund as Following Investor

Car-Sharing company EZZY Announces Dissolution, Begins Liquidation

EZZY, a car-sharing company, announced its shareholders moved to dissolve the company on October 25. It is forming a liquidation group to handle the final sale of its assets.

The Anti-Didi Alliance

On October 20, Dida, a carpooling and shared travel company, announced it expanded the business scope and officially launched the taxi services. In addition to existing carpooling service, users can hail taxis in the latest version of the Dida App. In addition, the Dida is also engaged in the business contact with Mobike.

WiFi Master Key Tops Free Tool List in Google Play for Six Consecutive Months in Vietnam

In the past two years, the WiFi Master Key has been developing rapidly in southeast Asia. The Google Play Vietnam list shows that since April 15, WiFi Master Key has topped free tool list in GooglePlay for six consecutive months. Before, WiFi Master Key had already topped Google Play free tool list in 48 countries […]

Cheng Wei Says Didi Has Only Achieved 1% of The Mission

Cheng Wei, the founder, chairman and CEO of Didi, was invited to speak at Tsinghua University yesterday evening. When sharing his experience of starting up business with college students born in 1990s and 2000s, Cheng Wei said, we possibly were at the best time now since the millennium. With technology explosion and industrial revolution, young […]

Didi’s Challenges

Didi Chuxing is the largest unicorn company in China valued at 50 billion USD. Over the past three years, not only did the company’s valuation grow in double digits, its investors also witnessed the highest rate of return ever of over ten thousand folds. However, despite the rapid expansion growth Didi is experiencing, the company […]

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 […]

Landlord Leased Wedding House in Mayi.com but All Was Stolen by Habitual Theif

On the theft case a Hangzhou landlord encountered which was reported by media, Mayi.com said in a statement that, in July, after receiving the landlord feedback, it set up a working group on track. At present, the case is still under investigation and Mayi.com will continue to cooperate with public security for investigation. Some media […]

The Chinese hackers made $3000 by hacking into shared bike accounts

On September 25th, the Shenzhen City Procuratorate arrested two suspects—Yang and Wu—on the suspicion of using third-party software to modify personal accounts on shared bicycles and over 20,000 RMB (around $3000) from 34 different users. It is noticed that shared bicycle companies always launched a variety of promotions and gave out red pockets to users. […]

Shared Phone Charger Startups Closed Down One after Another

Shared phone chargers have attracted attention from the market, especially after Leo Chen, CEO of Jvyoumei（聚美优品）, invested 300 million yuan into AnkerBox (Anker街电), an enterprise that produces shared phone chargers. Also, “National Husband”—billionaire investor Wang Sicong’s bold statement that he would eat shit if shared phone chargers can succeed made this industry known to more […]

Didi made a strategic investment to Renren Car

On September 25th in 2017, China’s leading second-hand car dealer Renren Car announced a new round of financing of $200 million to support its rapid expansion strategy. The strategic investor is the world’s leading travel platform Didi Chuxing. The two sides will also have all-round in-depth cooperation around the auto-industry, jointly build a new trading […]

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 […]

“Shared Girlfriends” are NOT part of the Sharing Economy

A few days ago Taqu launched a “shared girlfriends” project that attracted lots of attention, but was eventually fined and forced into suspension. Although we are in fact witnessing the dawn of the sharing economy era, it doesn’t mean that the concept applies to everything. Many are jumping on the bandwagon and slapping on the […]

Mobike Just Landed Washington, D.C.

On September 20, Mobike made its way to Washington, D.C., officially landing on the North American market. It also marks that Mobike featured Chinese creativity has entered the eighth country, which is a milestone in Mobike’s international expansion and leads Chinese innovation sail abroad. Washington D.C. welcomes the arrival of Mobike. The two sides worked […]

“Shared Girlfriends” are now Available in China

With the buzzword “Sharing Economy” spreading like wildfire recently, some folks online started joking about having sharable girlfriends next. Taqu (Touch), a popular Chinese adult product m-commerce and socializing app that just went listed on NEEQ (National Equities Exchange and Quotations), recently launched a service for delivering “shared girlfriends”. However, the service isn’t delivering actual […]

Shared commute again was under the spotlight in China

In early August, a batch of brand new BMW 1-series sedans showed on the streets of Shenyang. These luxury vehicles, equipped with Wifi connection, facial recognition, smart voice assistant, are shared cars which cost users only 1.5RMB per kilometer. Though it turned out that BMW Brilliance Automobile or BMW China were not behind this, luxury […]

China’s Pop-up shop has become brand marketing’s new favorite

On April 28th, a pop-up shop called Orz Cha which only opened for four days debuted in Shanghai. Because of its ultimate “demotivation” culture, it matches daily sadness white-collar workers. Pop-up shop triggered a long queues at the scene and numerous sharing in moments of WeChat. Pop-up shop has no intention to open for long […]

Sharing Gym Appeared in Beijing

Recently, sharing gym have appeared in one neighborhood in Beijing, which occupies as small area as the newsstand. Its external wall impressively has words “Mipao — self-help fitness”. So, what do these mini gyms have inside? Self-service gym covers an area of about 4 square meters. It only has a treadmill inside, equipped with TV, […]

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