Tag: Strategy

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

Taxify partnering with Didi Chuxing

Taxify is happy to announce a strategic partnership with Didi Chuxing, the world’s leading mobile transportation platform. Under this new partnership, DiDi will invest in and collaborate with us to support our further growth and innovation across all markets. We will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe… Continue reading Taxify partnering with Didi Chuxing

FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS

Nanterre (France), July 19, 2017Faurecia takes majority share in chinese infotainment leader jiangxi coagent ELECTRONICSNanterre, France, July 19 2017 – Faurecia, one of the world’s leading automotive suppliers, announced today that it had taken a majority share in the Chinese company Jiangxi Coagent Electronics for a total investment of 1.45 billion RMB (193 million euros).Jiangxi Coagent… Continue reading FAURECIA TAKES MAJORITY SHARE IN CHINESE INFOTAINMENT LEADER JIANGXI COAGENT ELECTRONICS

Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

What do you do when your closest rival raises a record financing round? Complete a larger fundraising and set a new record, of course. That’s what Beijing-based bike sharing company ofo Inc. just did. A few weeks after competitor Mobike raised US$600 million, ofo announced today that it has raised more than US$700 million led… Continue reading Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce

Shanghai-based bike sharing company Mobike has begin a trial to monetize its vast network of five million bikes around 100 cities globally by selling raincoats at RMB268 (US$39.5) apiece, in its first major attempt to make money outside of charging users for rides. The company, which has raised nearly US$1 billion this year at a… Continue reading Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce

Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier

Osaka/Barcelona – Panasonic Corporation (Head office: Kadoma City, Osaka, President: Kazuhiro Tsuga; hereinafter, Panasonic) announced today that it has completed its previously announced acquisition of additional shares in Ficosa International, S.A. (Head office: Barcelona City, Spain, CEO: Javier Pujol; hereinafter, Ficosa), which is a global tier 1 supplier of automotive parts and systems, after the… Continue reading Panasonic Completes Acquisition of Additional Shares of Ficosa,a Global Tier 1 Automotive Parts & Systems Supplier

Hellobike Raises Series B+ Round From EV Start-Up WM Motor

WM Motor, an electric vehicle start-up founded by the former China head of Volvo Car Corporation, has made a strategic investment in Hellobike, a bike-sharing start-up focused on mid-size cities across China. Hellobike, which two months ago raised hundreds of millions of RMB in a series B round led Chengwei Capital, and is also backed… Continue reading Hellobike Raises Series B+ Round From EV Start-Up WM Motor

Chinese Bike Sharing Firm Mobike Rumored To Acquire Smaller Peer UniBike

Mobike is in the process of acquiring a smaller peer, Xiamen city-based UniBike, for an undisclosed amount of money; the first merger deal in China’s red-hot bike sharing industry, according to local media reports citing insiders. In response to China Money Network’s inquiry, Mobike representative Chen Qian said the information is not accurate, but refused… Continue reading Chinese Bike Sharing Firm Mobike Rumored To Acquire Smaller Peer UniBike