Mobike

Ofo Denies Cash Crunch Report, Takes Legal Steps Against Tencent-Backed Publisher

Ofo Denies Cash Crunch Report, Takes Legal Steps Against Tencent-Backed Publisher

Chinese bike-sharing titan Ofo dismissed a report from an online news outlet backed by Tencent Holdings Ltd., a major investor…

Jan 15, 2018
Xu Wei
Alibaba Said to Take USD3 Billion Stake in Bike-Sharer Ofo

Alibaba Said to Take USD3 Billion Stake in Bike-Sharer Ofo

Chinese internet giant Alibaba Group Holding Ltd. has reportedly bought a USD3 billion stake in leading bike-sharing firm Beijing Bikelock…

Jan 12, 2018
Xu Wei
Electric Vehicle Startup Sitech Unveils New Logo, Opens Silicon Valley Office

Electric Vehicle Startup Sitech Unveils New Logo, Opens Silicon Valley Office

Electric vehicle startup Sitech unveiled its logo and announced the official inauguration of its Silicon Valley branch office at CES 2018 in Las Vegas.

Jan 12, 2018
Dou Shicong
Didi Chuxing's Bike-Sharing Entry May Upset Market Dynamic

Didi Chuxing's Bike-Sharing Entry May Upset Market Dynamic

Didi Chuxing has finally acknowledged it will enter the saturated bike-sharing market. Propping up the sagging Chinese bike-sharing firm Bluegogo on its platform is only its first deployment.

Jan 11, 2018
Zhao Chenting
Mobike Teams With FAW Car to Pilot Car-Sharing Business

Mobike Teams With FAW Car to Pilot Car-Sharing Business

Bike-sharing behemoth Mobike, owned by Beijing Mobike Technology Co., is now piloting a car-sharing business, with one of its partners…

Jan 8, 2018
Liao Shumin
Nanjing to Remove Unlicensed Shared Bikes From Streets to Improve Traffic

Nanjing to Remove Unlicensed Shared Bikes From Streets to Improve Traffic

Nanjing will remove unlicensed and improperly-parked shared bikes from streets, with effect from Jan. 15, to ease traffic in the…

Jan 6, 2018
Xu Wei
Alibaba Is Said to Take Ofo Stake After Founder, Largest Investor Disagree on Merger

Alibaba Is Said to Take Ofo Stake After Founder, Largest Investor Disagree on Merger

Alibaba Group Holding Ltd. has reportedly taken a stake in Beijing Bikelock Technology Co. (Ofo) after the founder of the…

Jan 4, 2018
Tang Shihua
Mobike Unveils Car-Sharing Services With New Energy Vehicles in Guizhou Province

Mobike Unveils Car-Sharing Services With New Energy Vehicles in Guizhou Province

China’s shared-bike giant Beijing Mobike Technology Co., better known as Mobike, has started trial operations for its car-sharing services in…

Dec 29, 2017
Xu Wei
User Sues Mobike After Sustaining Injury at Firm’s Office

User Sues Mobike After Sustaining Injury at Firm’s Office

A bike-sharing user is suing Beijing Mobike Technology Co., alleging that the Beijing-based firm failed to return his security deposit…

Dec 29, 2017
Xu Wei
15 Chinese Startups Joined Blessing of China's Unicorns This Year

15 Chinese Startups Joined Blessing of China's Unicorns This Year

Some 57 startup became unicorns this year, and 13 of them were from China, per PitchBook Data Inc. figures

Dec 21, 2017
Xu Wei
Mobike Will Work in Tandem With Japanese Messaging App Line to Roll Out Localized Services

Mobike Will Work in Tandem With Japanese Messaging App Line to Roll Out Localized Services

Line Corp., operator of Japan’s most popular messaging app, is teaming up with Beijing Mobike Technology Co. and has led…

Dec 20, 2017
Chen Juan
Ofo Founder Rejects Mobike Merger, Says ‘Competition Is Good’

Ofo Founder Rejects Mobike Merger, Says ‘Competition Is Good’

The founder of one of China’s two biggest bike-sharing startups has dismissed the idea of them merging after key investors talked up the possibility, citing his commitment to competition.

Dec 19, 2017
Tang Shihua