Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

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. Riders will be able to purchase items such as drinks, snacks, and umbrellas while riding in a Didi Express vehicle. Zhu did not disclose the name of the new project.

In addition, Zhu Xiaohu denied rumors that mobile bike share companies Mobike and Ofo have decided to merge. Zhu had previously commented at the end of September that a merger between the two companies was the only way for their operations to become profitable.

GSR Ventures has participated in several of Ofo's funding rounds.

Editor's Note: For more information on this topic, please see Mobile Bike Sharing App Ofo Raises USD 450 Mln Series D, MD 3/01/17 issue.

Keywords: car hire app funding retail wireless GSR Ventures Zhu Xiaohu ridesharing Didi Express Didi Chuxing Ofo Mobike VC M&A Wang Gang bicycle sharing


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports