Bike Sharing

Ofo Retreats From Yet Another Foreign Country as South Korean Operations Skid to Halt

Ofo Retreats From Yet Another Foreign Country as South Korean Operations Skid to Halt

Ofo, the world’s biggest independent bike-sharing provider, has withdrawn from yet another overseas market as it pins its hopes on success in its home country, China.

Aug 10, 2018
Xu Wei
Beijing to Get Bike-Share Monitoring Platform by Year-End

Beijing to Get Bike-Share Monitoring Platform by Year-End

China’s capital is accelerating the creation of a platform to strengthen government oversight of the city’s dockless bike-sharing sector, with a view to taking the system live in late December.

Aug 7, 2018
Xu Wei
Ofo Denies It Is Nearing Sale to Didi

Ofo Denies It Is Nearing Sale to Didi

Ofo is not close to signing a takeover deal with the world’s biggest ride-hailing provider and one of its largest…

Jul 30, 2018
Xu Wei
Ofo Supplier Disconnects Two Million Digital Bike Locks as Sharing Platform Fights for Survival

Ofo Supplier Disconnects Two Million Digital Bike Locks as Sharing Platform Fights for Survival

A communications service provider that operates digital locks on millions of Ofo bikes has begun cutting off the systems after…

Jul 27, 2018
Tang Shihua & Liu Jing
Wound-Up Xiaoming to Sell Off Shared Bikes at USD2 Each

Wound-Up Xiaoming to Sell Off Shared Bikes at USD2 Each

Xiaoming Bike, which once held a significant market share in China’s second and third-tier cities, will sell its two-wheelers at…

Jul 27, 2018
Liu Jing & Tang Shihua
Ofo Plunges Into China Price War Amid Overseas Retreat

Ofo Plunges Into China Price War Amid Overseas Retreat

Ofo is slashing prices in its home market, sowing the seeds for a comeback, according to a source close to the company, as founder Dai Wei winds down the Chinese bike sharer’s overseas operations.

Jul 26, 2018
Xu Wei
Beijingers Miss Out on Deposit-Free Bike Sharing; Firms Don't Expect Revolt

Beijingers Miss Out on Deposit-Free Bike Sharing; Firms Don't Expect Revolt

China’s top bike sharers Mobike, Ofo and Hellobike have all recently adjusted their deposit-free riding policies, but left one city in the dark: Beijing.

Jun 15, 2018
Liao Shumin
Ofo Denies Embezzling Around USD1.6 Billion in User Deposits

Ofo Denies Embezzling Around USD1.6 Billion in User Deposits

Beijing Bikelock Technology, the firm behind leading bike sharer Ofo, has denied misappropriating user funds worth over CNY10 billion (USD1.6 billion).

Jun 11, 2018
Liao Shumin
Mobike Adds 100 Cities to List of Deposit-Free Riding Zones

Mobike Adds 100 Cities to List of Deposit-Free Riding Zones

Beijing Mobike Technology, one of the world’s biggest cycle sharers, has unveiled plans to unconditionally offer deposit-free riding across 100 more Chinese cities.

Jun 11, 2018
Xu Wei
Ofo Slams Brakes on Mass-Layoffs Rumor

Ofo Slams Brakes on Mass-Layoffs Rumor

Bike-sharer Ofo has hit back at recent reports of large-scale layoffs stemming from a cash crunch at the firm, known for its iconic yellow bikes.

Jun 5, 2018
Qiu Zhili
Bike Sharer Ofo Faces Massive Layoffs Less Than Three Months After USD866 Million Injection, Insider Sources Say

Bike Sharer Ofo Faces Massive Layoffs Less Than Three Months After USD866 Million Injection, Insider Sources Say

Chinese bike sharing firm Baike Luoke Technology which operates a popular Ofo platform, has embarked on large-scale layoffs due to…

Jun 4, 2018
Xu Wei
Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft

Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft

Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft. China's Mobike Technology, the world's largest bike-sharer, has stumbled on a…

Jun 1, 2018
Xu Wei