Bike Sharing

Chinese Ride-Hailer Didi Is Not Acquiring Bike-Sharer Ofo, the Firms Say

Chinese Ride-Hailer Didi Is Not Acquiring Bike-Sharer Ofo, the Firms Say

Chinese Ride-Hailer Didi Is Not Acquiring Bike-Sharer Ofo, the Firms Say China's largest car-hailing platform Didi Chuxing and one of…

Oct 10, 2018
Xu Wei
Ofo Denies Reports It Can’t Keep Up With Salary Payments

Ofo Denies Reports It Can’t Keep Up With Salary Payments

Chinese bike-sharing provider Ofo has denied reports claiming it only paid some of its staff salaries last month, amid conflicting…

Sep 12, 2018
Xu Wei
Alibaba Reportedly Bails Out Ofo With USD8.8 Million Loan

Alibaba Reportedly Bails Out Ofo With USD8.8 Million Loan

Jack Ma’s Alibaba Group Holding has reportedly lent CNY60 million (USD8.8 million) to struggling bike sharer Ofo, which is looking to steer back on track after racking up a mountain of debts.

Sep 11, 2018
Xu Wei
Mobike’s Heavy April Loss May Have Been Due to Seasonal Factors, Former Shareholder Says

Mobike’s Heavy April Loss May Have Been Due to Seasonal Factors, Former Shareholder Says

Mobike Technology ran up a loss of almost CNY500 million (USD73 million) in April, though the result may not have…

Sep 11, 2018
Li Jun & Xu Minhua
 [Exclusive] Ofo to Cull Yet More Staff This Month, Insider Says

[Exclusive] Ofo to Cull Yet More Staff This Month, Insider Says

[Exclusive] Ofo to Cull Yet More Staff This Month, Insider Says

Sep 3, 2018
Lu Qian
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Ofo, the world’s biggest independent bike-sharing provider, has withdrawn from yet another overseas market as it pins its hopes on success in its home country, China.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