This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar

What is the world to do with the graveyards of dockless bicycles left over after China’s bike sharing startups retreated from global markets? One man has come up with the best idea to date: donate them to students who need them. Entrepreneur Mike Than Tun Win has bought 10,000 bikes from bike-sharing companies which he […]

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Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

 Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Read More

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GoBee Bike throws in the towel in France

 Bike-sharing startup GoBee Bike is giving up and shutting down in all French cities where it operates. GoBee Bike operates just like Chinese giants Ofo and Mobike. You open the app, you find a bike on the map and you unlock it by scanning a QR code. Once you’re done, you lock it again and leave it there — there’s no dock. And yet, the startup is blaming vandalism and says… Read More

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Beijing-based Ofo wants to launch its stationless bike-sharing service in SF, but it’s not allowed to

 Beijing-based stationless bike-sharing startup Ofo is crying foul at the San Francisco Municipal Transportation Agency over its decision to have an exclusive pilot program with startup JUMP. Earlier this month, JUMP obtained an exclusive permit with the SFMTA  to launch 250 dockless, electric bikes in San Francisco.
Now, Ofo is asking the SFMTA to consider reopening the permit process and… Read More

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Didi has a brilliant plan to contain the threat of China’s bike-sharing services

 China’s Didi Chuxing unveiled its bike-sharing platform today and, as expected, it looks like a very aggressive move to protect its position. When Didi first announced its plans to offer rides from Ofo and Bluegogo inside its app, I argued that this was far from a positive gesture since the ultimate goal is control. By introducing its own service inside its own app to its own… Read More

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Didi Chuxing declares war on China’s bike-sharing startups

 Fresh from its first international expansion following the acquisition of Brazil’s 99 last week, Chinese ride-hailing giant Didi Chuxing announced another significant move by revealing plans for its own bike-sharing platform. The platform will integrate Mobike — the company that counts Didi as an investor — as well as financially stricken service Bluegogo — which Didi… Read More

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China’s third-largest bike sharing service, which raised $90M, is reportedly closing down

 Bike-sharing, the year’s hottest startup trend in China and beyond, looks like it is about to see the biggest casualty of its cut-throat competition. Bluegogo, which had raised $90 million from investors and operates around 700,000 bikes across China, seems headed for the deadpool after Technode, our Chinese partner site, reported that the company has lost a slew of top executives and is… Read More

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