Category: News Site

BMW are less subsidized for plant in Leipzig to

Tuesday, 09/12/2017 12:51 clock BMW stand for the production of electric cars in Leipzig, according to a ruling of the EU court less subsidies than announced. Instead of a regional investment subsidy of 45 million euros, the state could only help with 17 million euros, judges ruled in Luxembourg. The court followed the view of… Continue reading BMW are less subsidized for plant in Leipzig
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Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese bike sharing company ofo and Japan’s SoftBank Commerce & Services Corp. have reached a basic agreement to collaborate on the deployment of ofo’s global bike sharing business in Japan. It is unclear if SoftBank Commerce & Services Corp., a unit owned by Brightstar, which is part of a family of companies within Softbank Group,… Continue reading Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese Bike Sharing Firms Lose Revenue Stream As Beijing Bans Advertisements

In a blow to China’s cash-burning bike sharing companies, the city of Beijing has banned commercial advertisement on bicycles deployed in the city, according to regulatory guidance released last week. The move is a setback for China’s numerous bike sharing start-ups, including market leaders Mobike and ofo, as the companies and their investors had looked… Continue reading Chinese Bike Sharing Firms Lose Revenue Stream As Beijing Bans Advertisements

Chinese Bike Sharing Firms Youon and Hellobike Merge to Compete Against Industry Giants

Chinese bike rental firm Youon Bike which is listed on the Shanghai Stock Exchange, has agreed to merge with rival Hellobike in order to better compete against industry giants ofo and Mobike. No financial details were disclosed in a company announcement. It marks the first merger deal in China’s hyper-competitive bike sharing industry. This June,… Continue reading Chinese Bike Sharing Firms Youon and Hellobike Merge to Compete Against Industry Giants

Marketing boss Müller changes to Douglas

Next change in the board of the car manufacturer: Opel Marketing Director Tina Müller leaves the company and is head of the perfume chain Douglas. Three months ago, boss Neumann resigned. Tina Müller (archive picture) Tuesday, 26.09.2017 09:42 clock After boss Karl-Thomas Neumann leaves with marketing director Tina Mueller another top executive the automaker Opel,… Continue reading Marketing boss Müller changes to Douglas

Mobike’s First Day Explains The Power Of Bike Sharing In China

Whenever I see a small company having a startling large impact on the world, I look for an engine. I look for something that is amplifying what a relatively small number of people are doing. For example, the engine that rocketed Facebook (and Wechat) upwards was the economics and psychology of social media (plus viral… Continue reading Mobike’s First Day Explains The Power Of Bike Sharing In China

Chinese Bike Sharing Firm Ofo Launches In U.S. With Seattle Debut

Chinese bike sharing firm ofo rode into North America yesterday with a debut in Seattle, as the company expands globally in tight competition with rival Mobike. The US$2 billion start-up said it received a permit from the Seattle Department of Transportation to deploy 1,000 bikes on the city’s streets in August as part of a… Continue reading Chinese Bike Sharing Firm Ofo Launches In U.S. With Seattle Debut