Jun 4, 2019 1 min read Chinese Bike-Sharing Rental Rates Go Up Since April, Hellobike Increases to RMB 4 Per Hour, Double that Weeks Ago -PingWest What happened: Following in the footsteps of Mobike and Bluegogo, Ant Financial-owned Hellobike recently doubled the rates for bike rentals in Beijing from RMB 2 to RMB 4 an… Continue reading Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
Author: TechNode Online News
Briefing: Management buyout of Mobike Europe nearly finalized
Apr 11, 2019 1 min read Bike-sharing start-up Mobike close to management buyout in Europe – The Telegraph What happened: Citing an email sent from Mobike to investors, The Telegraph reported that the company’s European arm is in the final stages of a management buyout from Meituan-Dianping, the bike-rental startup’s Chinese owner. Regional General Manager… Continue reading Briefing: Management buyout of Mobike Europe nearly finalized
Mobike and Bluegogo double rates in Beijing in bid to stay afloat
Apr 1, 2019 2 min read Ride-sharing bikes line in a street in Shanghai (Image credit: TechNode / Shi Jiayi). Chinese bike-rental companies are taking action to bolster profitability amid huge losses and major cash flow constraints. Mobike announced on Monday that it will raise prices for bike rides in the capital city of Beijing,… Continue reading Mobike and Bluegogo double rates in Beijing in bid to stay afloat
Lured by generous exit packages, Didi employees scramble to be fired
Feb 22, 2019 1 min read Following the reports of lay-offs and heavy losses, ride-hailing company Didi is rumored to be offering downsized employees large paychecks, sparking a scramble to be fired. Tencent Tech (in Chinese) cited anonymous employees as saying the package is N+2, which equals to the amount of an employee’s annual income… Continue reading Lured by generous exit packages, Didi employees scramble to be fired
Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app
Jan 23, 2019 1 min read Chinese bike-rental company Mobike will rebrand as Meituan Bike as it abandons its standalone app to be included in internet giant Meituan’s platform as an in-app feature. The Chinese bike-rental firm will also become a distinct business group within the lifestyle services company. Wang Huiwen, Meituan’s senior vice president and co-founder,… Continue reading Mobike to rebrand as Meituan Bike, fully integrate into Meituan’s app
Didi hints at next security upgrade: real-name verification for passengers
Jan 16, 2019 Ride-hailing giant Didi has hinted at the next possible upgrade to the company’s security features: requiring passengers to register their real names in order to use the platform. “At-risk users cannot be identified and targeted immediately without a real-name system,” the company wrote on its WeChat account on Tuesday. Didi also said that… Continue reading Didi hints at next security upgrade: real-name verification for passengers
Briefing: Hello TransTech secures RMB 4 billion in funding
Dec 28, 2018 哈啰出行完成近40亿元新融资，春华资本、蚂蚁金服联合领投 – Jiemian What happened: Hello TransTech investors have revealed recently that the Chinese bike-rental firm closed a funding round of nearly RMB 4 billion (around $580 million) in September, sources said. The funding was led by Primavera Capital Group and Alibaba affiliate Ant Financial. A company spokesperson confirmed the funding to TechNode today,… Continue reading Briefing: Hello TransTech secures RMB 4 billion in funding
Mobike suspected of GDPR violations in industry-wide German investigation
Dec 11, 2018 Chinese bike-rental company Mobike is under investigation by data regulators in Germany over suspicions it may have breached EU data laws, reports Tencent Tech. The Berlin data protection commissioner aims to investigate whether the company and other car and bike-sharing firms have violated the region’s General Data Protection Regulation (GDPR). “At the moment, we have… Continue reading Mobike suspected of GDPR violations in industry-wide German investigation
Briefing: ofo may soon require users to park bikes in designated areas
Dec 7, 2018 ofo将于本月10日推新版用户停车规范，用户须在指定区域停车 – PingWest What happened: ofo released a somewhat vague notice on Thursday (Dec. 6) saying it would begin regulating users’ parking habits across China. In response to government requests to reduce the “negative impact on society” of improperly parked bikes, ofo will begin enforcing new rules in select cities beginning Dec. 10.… Continue reading Briefing: ofo may soon require users to park bikes in designated areas
ofo’s US fire sale is another spoke in China’s rental-bike wheel
Oct 31, 2018 Just over one year ago, when Chinese bike rental company ofo first rolled out its services in Washington D.C., the company said it was “thrilled” to be in the American capital, a city it described as a “great candidate” for bike sharing. By summer, the company had announced it was scaling back… Continue reading ofo’s US fire sale is another spoke in China’s rental-bike wheel