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Electric Car Maker Sitech Wins USD 9-digit Series A

The Paper, 5/26/18

Gui'an-based electric vehicle maker Sitech recently announced completion of USD 9-digit Series A funding led by CDH Investments with participation by Hongjia Asset Management. 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

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

Bike-sharing App Mobike Starts Selling Raincoats via WeChat Official Account

DoNews, 7/05/17

Beijing-based mobile bicycle share operator Mobike Technology has begun selling derivative products through its official account on Tencent's (0700.HK) WeChat mobile messaging app with the launch today of a Mobike raincoat. Read More

Dockless Bike-share Operator Mobike Reaches 130 Cities

Mobike, 6/27/17

Chinese dockless bicycle-sharing service Mobike announced today that it currently has operations in 130 cities globally, including 125 mainland Chinese cities and 5 overseas cities. Read More

Mobile Bike Sharing App Ofo Raises USD 450 Mln Series D

Sina Tech, 3/01/17

Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, said today that it has completed USD 450 mln Series D funding, equivalent to RMB 3.1 bln. Read More

58.com to Prohibit Sales of Bikes Belonging to Bicycle Sharing Apps

Sina.com, 12/15/16

Bikes made available through mobile bicycle sharing apps "ofo" and "Mobike" have been appearing for sale by third parties on used goods classifieds platforms, with asking prices reaching up to RMB 2,000 per bike. Read More