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Ofo Senior Vice President Nan Nan Resigns

Sohu.com, 6/07/18

Nan Nan, a senior vice president at Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, recently announced his resignation from the company. Read More

Rumor: Didi Chuxing Acquires Dockless Bike Sharing Service Bluegogo

ChinaTimes, 1/02/18

Chinese mobile taxi booking and car hire service app Didi Chuxing is rumored to have signed an acquisition agreement with Tianjin-based Luding Technology, operator of dockless bicycle-sharing service Blugogo, according to an inside source at Didi Chuxing. Read More

Rumor: Alibaba, Investors Pump Additional USD 1 Bln into Bike Share Service Ofo

Tencent Tech, 12/07/17

Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, is reportedly finalizing up to USD 1 bln in new funding, according to social media comments by online analyst Qian Hao. Read More

Ant Financial Joins USD 350 Mln Round in Dockless Bike Share Service Hellobike

Tencent Tech, 12/04/17

Changzhou-based Youon Low Carbon Technology, operator of bike sharing app Hellobike, recently announced completion of USD 350 mln in Series D1 funding from Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), Beijing-based electric car maker and new energy travel solutions provider WM Motor Technology, Chengwei Capital, and Tianjin-based bicycle maker Fushida Bicycle (Battle). Read More

GSR Ventures MD: Didi Express to Add In-car Convenience Store Service

Jiemian, 10/12/17

Zhu Xiaohu (also known as Allen Zhu), managing director of venture capital firm GSR Ventures, recently said that he and Chinese angel investor Wang Gang have invested in a new retail services company that will offer convenience store services to users of Didi Express, the budget private car hire and ridesharing service within the Didi Chuxing app. Read More

Ant Financial Joins RMB 810 Mln Investment in Shared Bike Operator Youon Low Carbon

Youon Public Bicycle System, 9/19/17

Changzhou-based public bicycle sharing service operator Youon Public Bicycle System (603776.SH) recently announced that its wholly-owned dockless bicycle sharing subsidiary Jiangsu-based Youon Low Carbon Technology plans to add eight new investors including Ant Financial subsidiary Yunxin Venture Capital, Shenzhen Capital Group, and Lingji Enterprise Management Center. Read More

Beijing Requires Bike Share Operators to Provide Parking, Cease On-bike Advertising

Caixin.com, 9/15/17

The Beijing Municipal Commission of Transport recently released updated guidelines for shared bicycle services. Read More

Mobike to Deploy Shared Bikes in Bangkok

Mobike, 8/30/17

Beijing-based dockless shared bicycle operator Mobike Technology announced today it is entering the Thai market in strategic partnerships with Advanced Info Service (AIS), Central Pattana Group (CPN), and Kasetsart University (KU). Read More

Ofo Doubles Bike Rental Deposit Requirement to RMB 199

The Paper, 6/20/17

Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, has doubled its bike rental deposit for new users to RMB 199. Read More

Mobile Bike Share Service Ofo to Withdraw from 14 Cities

Yesky.com, 5/17/17

Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, recently said that it will withdraw from 14 cities. Read More