Though ofo denies rumors of bankruptcy, multiple credible leaks suggest that the company is in hot water.
Tag: bike sharing
The company is making forays into a variety of vehicle-sharing businesses outside of bike-sharing.
Bringing you the latest financing highlights in the tech sector in China.
Hellobike aims to save USD 5 billion in deposits for 160 million users with its new deposit-free strategy.
Huge sums of financing have reshaped the bike-sharing business in China. But where will the industry go from here?
Ofo will voluntarily share its massive data with the authorities in 200 Chinese cities for Smart City management
Alibaba’s fintech spinoff has built a user credit-scoring system but is facing a major credit crisis itself.
Global expansion, innovation, and showdowns with domestic competitors are on Didi’s horizon.
If they hope to go global, bike-sharing startups must contend with regulatory & operational hurdles yet offer localized services & features.
Chinese bike-sharing businesses have to reshape themselves after two years of booms and busts.