Briefing: Banma Kuaipao rebrands as “Banma Ride-hailing”, secures RMB 300 million

Oct 23, 2018 What happened: Chinese ride-hailing company Banma Kuaipao (斑马快跑) is now rebranded as “Banma Ride-hailing” (斑马网约车). Banma recently completed a new round of funding, raising RMB 300 million from QJY Capital. The company also signed a strategic partnership agreement with Zotye Auto, under which Zotye Auto will provide Banma with new energy and… Continue reading Briefing: Banma Kuaipao rebrands as “Banma Ride-hailing”, secures RMB 300 million

Briefing: Didi admits capacity limit and welcomes more players to join the ride hailing game

Sep 28, 2018 自己无法满足数亿民众出行需求 欢迎更多企业投入 – Tencent Tech What happened: Ride hailing giant Didi published a public announcement last night, admitting that the company itself cannot satisfy the whole Chinese ride hailing market’s demands. The company also stressed that it would strictly follow related regulations, and continue strengthening safety management. Didi also said that it has… Continue reading Briefing: Didi admits capacity limit and welcomes more players to join the ride hailing game

Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen

Sep 10, 2018 摩拜将在深圳置换4万辆新车 称废旧单车100%回收再用 – Sina Tech What happened: Mobike plans to replace 40 thousand old bikes in Shenzhen in an effort to improve user safety and the condition of the bikes. The company is doing so under the authorities’ supervision. According to the company, all parts of the decommissioned bikes will be 100% recycled.… Continue reading Briefing: Mobike begins replacing 40 thousand old bikes in Shenzhen