Are bikeshare startups a reliable bank for deposits?

As hot as bike-sharing is becoming, it has also fallen into the center of a media storm this week. On Tuesday, China Central Television openly criticized the depositing system of the country's leading bike-sharing apps,…

Will vandalism shatter bike sharing in China?

China’s bike sharing startups have raised generous financing from big-name VCs and tech giants, with leading player Mobike in January having secured USD 215 million in a financing round led by Tencent. But the booming…

Shanghai authorities to regulate bike sharing to keep…

Authorities in Shanghai responsible for municipal education and transportation on Friday spoke to major bike sharing startups, including Mobike and ofo, on regulating bicycle riding by children. Various measures will be put in place, including…

A leak reveals new ofo bikes with advanced…

Ofo, a Beijing-based bike sharing startup, last month partnered with China’s smart bicycle maker 700Bike. A leak on local social networks suggested that 700Bike is to launch a customized sharing bike for ofo. Ofo, founded…