Category: News Site

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

Bike Sharing As Ad Platform Is Here: Mobike Partners With Disney To Promote Sales

The much anticipated use of shared bikes as advertising platforms is here: Mobike has partnered with Shanghai Disney to promote deals at the amusement park’s official store in the city. As part of the agreement, the Shanghai-based bike sharing pioneer, valued at US$2 billion, has placed a small number of Micky and Minnie Mouse-themed bikes… Continue reading Bike Sharing As Ad Platform Is Here: Mobike Partners With Disney To Promote Sales

Alibaba Joins $9M Round In Hong Kong Bike Sharing Firm Gobee.bike

U.S.-based smart hardware focused venture capital firm Grishin Robotics has led a US$9 million series A round in Gobee.bike, a Hong Kong-based bike sharing start-up. Alibaba Entrepreneurs Fund, a non-profit initiative of Alibaba Group Holdings Ltd., also participated in the round, according to a company announcement. Last month, Alibaba led a US$700 million series E… Continue reading Alibaba Joins $9M Round In Hong Kong Bike Sharing Firm Gobee.bike

Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation

Chinese electric vehicle manufacturer Future Mobility Corp. has raised a new funding round worth US$200 million from a group of unnamed investment institutions and large enterprises, according to a securities disclosure document. The round values the company, founded in 2016 by two veteran automobile executives from BMW Group and Infiniti China, at US$750 million post-money,… Continue reading Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation

My Visit To Mobike Headquarters And What I Learned From Founder Hu Weiwei

In late July, I did a tour of Mobike’s headquarters in Beijing – and I had a fascinating talk with founder Hu Weiwei and VP of International Expansion Chris Martin. It was a fantastic experience and I left with a much better appreciation of the rocket-ship ride the company has been on. I am writing… Continue reading My Visit To Mobike Headquarters And What I Learned From Founder Hu Weiwei

Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa

China’s largest ride sharing company Didi Chuxing has agreed to form a strategic partnership with Taxify, a leading ride sharing firm in Europe and Africa. No financial details were disclosed. Didi will invest in and collaborate with Taxify to support the latter’s growth and innovation across its markets, according to a company announcement. Launched in… Continue reading Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa