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Bike-rental

Some ofo users unable to apply for in-app deposit refunds

ofo says the claims are untrue but admits to graying out the refund button to retain users. Original Link

ofo partners with nine online lenders amid cash strain

The company reportedly inked the deals at 10% to 20% below the going price for acquiring new users. Original Link

ofo says its refund system still works despite increased processing times

The company’s ability to pay back users’ deposits has been questioned after rumors of acquisition and insolvency. Original Link

Ofo rumor mill continues as they battle whispers of bankruptcy

The Chinese bike rental firm is reportedly preparing for its bankruptcy reorganization plans. Original Link

Briefing: Ofo founder renounces position amid mounting lawsuits

The bike rental giant is currently in negotiations about merging with Hello TransTech, previously known as HelloBike. Original Link

Hello TransTech reportedly in negotiations to acquire ofo

According to one source, ofo will find it difficult to provide a “valuation under an assumption of continuous operations.” Original Link

Briefing: Uber is coming back to China to make scooters

Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries. Original Link

Ofo denies using GSE cryptocurrency for fundraising

According to media reports, ofo used the cryptocurrency to cover its mounting losses. Original Link

Briefing: ofo denies claims it can’t pay employees

The company said it had paid all employees and that it holds the right to counter libelous claims. Original Link

Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen

The company is doing so in compliance with recent government regulations that demand old bikes to be withdrawn before new ones can be introduced. Original Link

Ofo rolls out 5-second video ad in main app

The video ads will be displayed after users scan the QR code to unlock the bike. Original Link

ofo pulls operation from South Korea

The Korea Herald first broke the news that ofo has begun retreating from the market and has already suspended most of the employees, which is regarded as part of a general layoff process. Original Link

Beijing to place new cap on the deployment of bike rentals at 1.91 million

北京共享单车上限定为191万辆 – iResearch What happened: The Beijing Commission of Transport has announced new plans to keep the number of rental bikes in check. The new limit on rental bike deployments is capped at 1.91 million bikes. Beijing also plans to launch an online monitoring platform for bike-rental services later this year. Why it’s important: Last September, […] Original Link

Ofo’s “darkest hour” becomes gloomier as Didi acquisition rumors swirl again

Chinese ride-hailing giant Didi Chuxing is reportedly closing an acquisition deal of ofo, the last remaining major independent player in China’s bike-rental industry, local media reported citing people familiar with the matter. The source disclosed that Didi already sent due diligence team to ofo over the past two to three weeks. The two parties are […] Original Link

Ofo’s “darkest hour” becomes gloomier as Didi acquisition rumors swirl again

Chinese ride-hailing giant Didi Chuxing is reportedly closing an acquisition deal of ofo, the last remaining major independent player in China’s bike-rental industry, local media reported citing people familiar with the matter. The source disclosed that Didi already sent due diligence team to ofo over the past two to three weeks. The two parties are […] Original Link

Mobike’s users in Beijing restricted to parking within operational areas

China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP

What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park outside this zone, they will be alerted by text message. Repeated offenders of parking violations will be fined an unspecified amount, and those who comply will be awarded coupons.

Why it’s important: The move to limit where bikes can be parted comes at a time in which the Chinese government is seeking to regulate bike sharing companies and limit their footprints within major cities. Local governments in numerous cities around the country have banned companies from introducing more bikes in order to counter sidewalks crowded by parked bicycles/ Additionally, some cities have created rules concerning the lifespan of individual bicycles and stopped companies advertising on the bikes and within apps.

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Mobike’s users in Beijing restricted to parking within operational areas

China’s Mobike to restrict rider parking in Beijing as authorities tighten regulation on dockless bikes – SCMP

What happened: Bike rental firm Mobike is prohibiting riders from parking outside of specified operational areas. The company has set a boundary that determines how far away from the city center users can park their bikes. If they park outside this zone, they will be alerted by text message. Repeated offenders of parking violations will be fined an unspecified amount, and those who comply will be awarded coupons.

Why it’s important: The move to limit where bikes can be parted comes at a time in which the Chinese government is seeking to regulate bike sharing companies and limit their footprints within major cities. Local governments in numerous cities around the country have banned companies from introducing more bikes in order to counter sidewalks crowded by parked bicycles/ Additionally, some cities have created rules concerning the lifespan of individual bicycles and stopped companies advertising on the bikes and within apps.

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China’s first official bike rental bankruptcy leaves RMB 800 million of deposits in limbo

China’s first official bike rental bankruptcy leaves RMB 800 million of deposits in limbo · TechNode

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Ofo fires staff in India, winds down operations in the country

Ofo fires staff in India, winds down operations in the country · TechNode

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ofo’s B2B business claims to hit the RMB 100 million revenue mark

ofo’s B2B business claims to hit the RMB 100 million revenue mark · TechNode

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Mobike removes last hold over user behavior as it trials deposit free in 100 cities

Mobike removes last hold over user behavior as it trials deposit free in 100 cities · TechNode

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Ofo applies for e-scooter scheme license in San Francisco

Ofo applies for e-scooter scheme license in San Francisco · TechNode

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Ofo’s overseas operations show signs of cash crunch

Ofo’s overseas operations show signs of cash crunch · TechNode

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As bike rentals cool, ofo chooses to stand alone

As bike rentals cool, ofo chooses to stand alone · TechNode

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Ofo starts selling ads on bikes and in apps

Ofo starts selling ads on bikes and in apps · TechNode

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Ofo is going use to blockchain to solve bike rental problems

Ofo is going use to blockchain to solve bike rental problems · TechNode

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Beijing rolls out electronic fences and reinforces parking guidelines for bike rentals

Beijing rolls out electronic fences and reinforces parking guidelines for bike rentals · TechNode

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Mobike co-founder and CEO Davis Wang resigns, Hu Weiwei takes the handlebars

Mobike co-founder and CEO Davis Wang resigns, Hu Weiwei takes the handlebars · TechNode

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Mobike promises no more bikes in saturated cities, share big data with the government

Mobike promises no more bikes in saturated cities, share big data with the government · TechNode

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What do you think of Mobike and Ofo expanding to your country? We asked

What do you think of Mobike and Ofo expanding to your country? We asked · TechNode

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Looking back at ChinaBang: Mobike – Startup of the Year 2017

TechNode has been organizing the annual “China Bang Awards” since 2011. Over the past few years, TechNode has witnessed a large number of emerging startups grow into unicorns. For the upcoming ChinaBang Awards 2018, TechNode has started a special report to review the history of China Bang Awardees. Startups abound in a broader context of innovation. […] Original Link

Looking back at ChinaBang: Mobike – Startup of the Year 2017

TechNode has been organizing the annual “China Bang Awards” since 2011. Over the past few years, TechNode has witnessed a large number of emerging startups grow into unicorns. For the upcoming ChinaBang Awards 2018, TechNode has started a special report to review the history of China Bang Awardees. Startups abound in a broader context of innovation. […] Original Link

State inspection reveals quality issues in several brands of bike rentals



State inspection reveals quality issues of Mobike


























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Meituan acquisition of Mobike seems a done deal



Meituan acquisition of Mobike seems a done deal · TechNode
























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Didi Bike operation was suspended for one day in Shenzhen



Didi Bike operation was suspended for one day in Shenzhen · TechNode

























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Didi begins to replace Bluegogo bike’s with their own in Chengdu



Didi begins to replace Bluegogo bike’s with their own in Chengdu · TechNode
























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Guangzhou and Shenzhen urge Didi to solve Blugegogo’s deposit issues



Guangzhou and Shenzhen urge Didi to solve Blugegogo’s deposit issues · TechNode


























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Updated: Alibaba rumored to deepen involvement in bike-rentals with upcoming $1 bln Hellobike investment round



Updated: Alibaba rumored to deepen involvement in bike-rentals with upcoming $1 bln Hellobike investment round · TechNode


























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