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Hellobike, survivor of China’s bike-sharing craze, goes electric

Hellobike, survivor of China’s bike-sharing craze, goes electric Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor […]

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This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar

This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar What is the world to do with the graveyards of dockless bicycles left over after China’s bike sharing startups retreated from global markets? One man has come up with the best idea to date: donate them to students who need them. Entrepreneur Mike […]

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Food delivered to the doorstep is not so cheap in China anymore

Food delivered to the doorstep is not so cheap in China anymore 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. […]

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China’s Mobike will rename to Meituan Bike as its parent takes the wheel

China’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 […]

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Alibaba-backed Hellobike bags new funds as it marches into ride-hailing

Alibaba-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 […]

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Ola, Uber’s India rival, invests $100M in scooter rental startup Vogo

Ola, Uber’s India rival, invests 0M 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 […]

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Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing

Meituan, 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 […]

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Chinese WeWork rival Ucommune raises $200M to go after international growth

Chinese WeWork rival Ucommune raises 0M 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 […]

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China’s Youon expands into Europe as other bike startups backpedal worldwide

China’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 […]

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Taxify is entering the e-scooter game

Taxify 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 […]

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