Category: News Site

Not very clean

With the SUV to the organic market – this inconsistent Feel Good mental attitude finds more and more friends. BMW has now created its own cleaning product line for its trailers. Tuesday, 19.04.2016 05:58 clock “Greenwashing” is the name given to the efforts of companies whose main purpose is to create a sustainable, ecologically correct… Continue reading Not very clean

Everything on a map

Audi, BMW and Daimler paid around three billion euros for the map service Here. Why? Digital maps are the key to the car of the future. HERE Berlin Wednesday, 13.04.2016 20:22 clock The office in the Invalidenstraße in Berlin-Mitte is inconspicuous: Simple furniture, bright walls. Only a white cockpit in the corner indicates that this… Continue reading Everything on a map

False start of a hope carrier

BMW is setting high expectations for the G 310 R: the new model is to become the bestseller in the world. But the market launch has been delayed for months. The Munich make an Indian supplier responsible. Thursday, 12.01.2017 08:56 clock Call at a Hamburg BMW motorcycle dealer. Question: “Tell me, can I buy the… Continue reading False start of a hope carrier

Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

Beijing-based bike sharing firm ofo, which raised US$130 million venture funding last month following a capital injection from Didi Chuxing, has expanded its operations to 22 cities in China and increased total bike count to 160,000. Mobike, backed by Hillhouse Capital, Warburg Pincus and others, entered its fifth city yesterday. Both companies are racing to… Continue reading Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

After two Chinese bike sharing start-ups Ofo and Mobike raised a combined US$230 million in October, a third bike sharing company is joining the battleground. An investment unit of Shenzhen-listed chemicals and trading company Jiangsu Huaxicun Co., Ltd. has led a RMB150 million (US$22 million) series A funding round in Ubike, a new comer to… Continue reading New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

A week after bike sharing firm Mobike announced an over US$100 million fundraising, Beijing-based rival ofo said it had secured US$130 million series C financing round led by CITIC Private Equity, Coatue Management and Xiaomi Inc. The drama seems all too familiar: Two companies engaged in competitive fundraising, while trying to outbid each other on… Continue reading Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Shanghai-based bike sharing mobile app Mobike has raised over US$100 million in a new round of financing led by Hillhouse Capital and Warburg Pincus, a few days after Didi Chuxing invested tens of millions of U.S. dollars in rival start-up ofo, signaling the pair are ready to embark on an intensive battle to grab market… Continue reading Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo

Didi Chuxing has invested tens of millions of U.S. dollars in ofo, an urban bicycle sharing platform, to expand the Chinese ride share giant’s operations into the so-called last mile mobility space. As part the investment, DiDi plans to include ofo bike sharing offerings on its own mobile apps. The two companies did not disclose… Continue reading Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo