China’s Didi Chuxing unveiled its bike-sharing platform today and, as expected, it looks like a very aggressive move to protect its position. When Didi first announced its plans to offer rides from Ofo and Bluegogo inside its app, I argued that this was far from a positive gesture since the ultimate goal is control. By introducing its own service inside its own app to its own… Read More
Category: mobike
Didi Chuxing declares war on China’s bike-sharing startups
Fresh from its first international expansion following the acquisition of Brazil’s 99 last week, Chinese ride-hailing giant Didi Chuxing announced another significant move by revealing plans for its own bike-sharing platform. The platform will integrate Ofo — the company that counts Didi as an investor — as well as financially stricken service Bluegogo — which Didi… Read More
Mobike lands investment from Line to grow its bike-sharing service in Japan
Dock-less bike rental company Mobike is teaming up with messaging app firm Line to boost its presence in Japan. Line, which is Japan’s most popular messaging app with 71 million users in the country, is making an undisclosed investment in Mobike Japan, the Chinese firm’s entity in the country. The deal will see the Mobike service integrated into the Line app the same way that it… Read More
Qualcomm announces investment in Mobike and eight other Chinese startups
Qualcomm is continuing its charm offensive in China, a critical market where it has suffered hard blows in recent years including a $1 billion anti-trust fine, after it announced a flurry of new investments.
These are chaotic times for Qualcomm, which is fielding unwanted acquisition interest from Broadcom and battling Apple in court, but today it put the focus back on supporting upcoming… Read More