Facebook’s investor DST Global led USD 450 M…

Chinese bike sharing startup ofo on Wednesday announced its USD 450 million financing led by DST Global. Existing investors included Didi Chuxing, Coatue, and Matrix Partners China also participated in this round. The latest funding…

What made a unicorn hunter invest in ofo?

Last September, Zhu Xiaohu (Allen Zhu), one of ofo's investors and GSR Ventures' Partner and Managing Director, shared a moment on his WeChat that he estimated the battle between ofo and Mobike would end within…

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…