A big selling point of ordering food to the doorstep in China is price, which, in the early years, could be much cheaper than eating in-house. That’s arguably indulged a demographic of lazy, indoorsy eaters, but that may not last for much longer. Over the past few months, users in China have noticed incremental price […]
View More Food delivered to the doorstep is not so cheap in China anymoreCategory: ofo
The next big bet for former Uber CEO Travis Kalanick may be cloud kitchens — in China
Former Uber CEO Travis Kalanick may have been nudged out of one of the world’s most highly valuable private companies by investors frustrated over its troubled culture, but his moves remain of great interest given how far he’d driven the ride-share giant. One such move, according to a new report in the South China Morning […]
View More The next big bet for former Uber CEO Travis Kalanick may be cloud kitchens — in ChinaChina’s social credit system won’t tell you what you can do right
For the past few years, China has been rolling out a Black Mirror / Harry Potter-esque social rating policy known as the Social Credit System (SCS). Far from just a credit score in the financial sense, an SCS score can determine whether a person can buy business class tickets on trains (or take the train at all) […]
View More China’s social credit system won’t tell you what you can do rightChina’s Mobike will rename to Meituan Bike as its parent takes the wheel
One of China’s top bike rental apps is entering a new phase. Mobike, which neighborhood services giant Meituan-Dianping gobbled up last April, is changing its name to Meituan Bike as part of an ongoing integration with its parent, according to an internal letter from Meituan senior vice president Wang Huiwen to staff. There’s no timeline for when the […]
View More China’s Mobike will rename to Meituan Bike as its parent takes the wheelAlibaba-backed Hellobike bags new funds as it marches into ride-hailing
2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan Dianping. But one newcomer is pedaling against the wind. Hellobike, currently the country’s […]
View More Alibaba-backed Hellobike bags new funds as it marches into ride-hailingAlibaba-backed Hellobike bags new funds as it marches into ride-hailing
2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan Dianping. But one newcomer is pedaling against the wind. Hellobike, currently the country’s […]
View More Alibaba-backed Hellobike bags new funds as it marches into ride-hailingOla, Uber’s India rival, invests $100M in scooter rental startup Vogo
We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance of its own it invested $100 million in scooter rental startup Vogo. Ola first invested back in August when Vogo raised an undisclosed Series […]
View More Ola, Uber’s India rival, invests $100M in scooter rental startup VogoMeituan, China’s ‘everything app’, walks away from bike sharing and ride hailing
A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said on its earnings call on Thursday. The eight-year-old firm is best known for competing with Alibaba-owned Ele.me in food deliveries […]
View More Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailingChinese WeWork rival Ucommune raises $200M to go after international growth
China’s Ucommune, the country’s largest rival to WeWork, has been on a busy acquisition spree to build out its domestic business and now it is looking at overseas opportunities after it closed a $200 million Series D funding round. The new round was led by Hong Kong-based All-Stars Investment with participation from Chinese investment bank […]
View More Chinese WeWork rival Ucommune raises $200M to go after international growthChina’s Youon expands into Europe as other bike startups backpedal worldwide
A little known Chinese bike company is riding into Europe as its peer Ofo has applied the brakes to its global expansion strategy in recent months. Youon, which gets by manufacturing public bikes for city governments across China, has formed a joint venture with UK-based bike-sharing startup Cycle.land, it says in a statement. The deal […]
View More China’s Youon expands into Europe as other bike startups backpedal worldwideTaxify is entering the e-scooter game
Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday.
The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013.
View More Taxify is entering the e-scooter gameOfo shut down in many U.S. cities. Here’s what happens with all those bicycles.
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The bright yellow Ofo bicycles came into our country fast and furious last August, but after barely a year in the United States, the app-enabled bike share company announced it was downsizing its presence in more than 30 U.S. cities down to a handful.
But its 40,000 bicycles won’t go to waste. Already about 3,000 of its traditional pedal bikes will be donated to organizations in 10 different cities, and more cities will donate bicycles in the coming weeks.
“We want to make sure the bikes stay in the community and go to people who can use them,” Ofo spokesperson Tom Sarris said. “They’re not going to the scrap pile.” Read more…
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