China's sharing economy is now exporting innovations
7 years, 8 months ago

China's sharing economy is now exporting innovations

China Daily  

Cai Meng/China Daily The intense competition in the bicycle-sharing business in China, which observers said would end up with a Didi-Uber merger as early as March, has now officially "gone global". In March, the Beijing-based company deployed 500 shared bikes in Singapore, where its chief rival Ofo, which has also conducted small trial runs in the UK, started operation months earlier. Hailed as an innovative solution to the "last mile" dilemma facing urban commuters and a game-changer in China's effort to reduce overcapacity, the dock-less, often GPS-enabled bikes have also created chaotic parking and maintenance problems. Transporting bikes made in China to overseas markets means high shipping costs and tariffs, and outsourcing production to local manufacturers will not be cost-effective either. Chinese bike-sharing companies' attempts to enter the UK and Singapore markets are not just about offering shared bikes, but also about underscoring the significance of Internet Plus-based innovations, be they mobile payment systems or data-corralling chips equipped to the bikes.

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History of this topic

Bicycles and e-bikes show positive progress
Trending News
4 months ago

Bicycles and e-bikes show positive progress

China Daily  

A bicycle production line seen in Laoling, East China's Shandong province. China's bicycle and electric bicycle industry achieved steady progress in the first three quarters of the year, amid a complex external environment, economic reshaping driven by technological revolutions and the enormous potential of the domestic market, according to an industry association. "The industry has shown continuous recovery and positive …

Bicycles and e-bikes show positive progress
Trending News
4 months ago

Bicycles and e-bikes show positive progress

China Daily  

China's bicycle and electric bicycle industry achieved steady progress in the first three quarters of the year, amid a complex external environment, economic reshaping driven by technological revolutions and the enormous potential of the domestic market, according to an industry association. "The industry has shown continuous recovery and positive growth, as Chinese companies have made efforts in deepening structural adjustments …

Growing cycle of adventure
1 year, 10 months ago

Growing cycle of adventure

China Daily  

An engineer conducts a bike-frame test at the Xidesheng Bicycle Co in Shenzhen, Guangdong province. Riders share their favorite routes, health tips or arrange meet-ups with others on lifestyle and fashion opinion-sharing platform Xiaohongshu and microblogging site Sina Weibo. On Xiaohongshu, there are more than 2.5 million posts with the cycling tag, and on Weibo, the hashtag has been viewed …

Chinese bicycle exports soar during pandemic
3 years, 1 month ago

Chinese bicycle exports soar during pandemic

China Daily  

A worker polishes a bicycle rim at a foreign trade enterprise in Hangzhou, East China's Zhejiang province, on Feb 7, 2022. Chinese bicycle exports have soared during the past two years as bicycle demand from overseas consumers has increased for social-distancing and health concerns. China bicycle exports rose 14.9 percent to 69.26 million units in 2021, according to customs data. …

Bicycle industry profits up sharply at 43%
3 years, 3 months ago

Bicycle industry profits up sharply at 43%

China Daily  

A worker places tires on bicycle wheels at the Golden Wheel Group factory in Tianjin. Chinese bicycle enterprises reported a sharp rise in revenue in the first 10 months of 2021, with profits increasing dramatically, thanks to huge demand for green transportation, according to an industry association. According to sources with the China Bicycle Association, total revenues from Chinese bicycle …

Chinese bike-sharing startup Ofo went global. Now it may go bust
6 years, 3 months ago

Chinese bike-sharing startup Ofo went global. Now it may go bust

CNN  

Hong Kong CNN Business — Not so long ago, Chinese bike-sharing firm Ofo was flush with cash and hailed as a game-changing tech startup. “That’s like when your wife tells you she’s starting to date again.” Ofo suffered another big blow in Julywhen Mobike said users no longer need to pay deposits for its services. NICOLAS ASFOURI/AFP/Getty Images Founder talks …

Ofo will roll out 150,000 bikes in UK
7 years, 3 months ago

Ofo will roll out 150,000 bikes in UK

China Daily  

Chinese dockless bike-sharing company ofo has announced plans to put 150,000 of its bicycles on London's streets as rival Mobike bring more of its bikes to the British capital. "We welcome competition in Islington, just as we did in Oxford when Mobike launched there several months after us," says Joseph Seal-Driver, general manager for ofo in the UK. Steve Pyer, …

Mobike touts bike-sharing scheme in LatAm[1]- Chinadaily.com.cn
7 years, 3 months ago

Mobike touts bike-sharing scheme in LatAm[1]- Chinadaily.com.cn

China Daily  

A representative of the Chinese bicycle-sharing company Mobike presents a unit to the representatives of the media, during the 11th China-Latin America and the Caribbean Business Summit at the Punta del Este Convention Center, in Punta del Este, Uruguay, on Dec 1, 2017. PUNTA DEL ESTE, Uruguay - Mobike, one of China's leading bicycle-sharing program operators, is promoting its system …

Mobike CEO: No chance of merging with Ofo
7 years, 3 months ago

Mobike CEO: No chance of merging with Ofo

China Daily  

Local residents ride Mobike's shared bikes in Berlin, Germany. Wang Xiaofeng, co-founder and CEO of China's leading bike-sharing company Mobike Technology, said there was no chance of merging with its major competitor Ofo Inc on Wednesday. In his speech themed "the internationalization of Chinese enterprises" at the Year Ahead Summit hosted by Bloomberg Businessweek, Wang said Mobike has been focusing …

Mobike pedals to 200 global cities
7 years, 4 months ago

Mobike pedals to 200 global cities

China Daily  

Mobike pedals to 200 global cities By Ouyang Shijia Updated: 2017-11-22 Local residents ride Mobike's shared bikes in Berlin, Germany. Chinese bike-sharing titan Mobike Technology announced Wednesday its operations in Berlin, Germany, meeting the company's ambitious goal of expanding to 200 cities globally by the end of this year. Currently, Mobike has deployed more than 7 million orange-hued dockless bikes …

Chinese Bike-Sharing Startup Mobike Has Its Eye on Expansion
55 years, 2 months ago

Chinese Bike-Sharing Startup Mobike Has Its Eye on Expansion

Wired  

When Chinese bike-sharing company Mobike first formed, investors and suppliers were skeptical. “It became more of a lifestyle in the city, rather than just a boring bike-sharing service,” cofounder and CTO Joe Xia said on stage this week at the Web Summit conference in Lisbon. Xia said Mobike’s fast growth is what attracted the investor interest, and it’s crucial to …

Chinese Company Mobike Focuses On Dockless Shared Bikes
7 years, 4 months ago

Chinese Company Mobike Focuses On Dockless Shared Bikes

NPR  

Chinese Company Mobike Focuses On Dockless Shared Bikes A bikeshare start-up in Beijing is set on getting China's commuters out of their cars and on two wheels. INSKEEP: The gray and orange bikes we've chosen are from a company called Mobike. INSKEEP: She says in Chinese, it's the age of exploration, when business people are like the sailors of centuries …

Why Investors Are Betting That Bike Sharing Is the Next Uber
7 years, 5 months ago

Why Investors Are Betting That Bike Sharing Is the Next Uber

Wired  

There’s a trope that foreign startups can’t innovate---they just copy ideas created in Silicon Valley. The success of China’s dockless bike-sharing startups has flipped that script, and now US companies are scrambling to catch up. Dockless bike companies scatter their bikes around a city, and customers use an app or scan a code to unlock them. Investors are hot on …

Bike-sharing becomes greener way to travel in 'Golden Week'
7 years, 5 months ago

Bike-sharing becomes greener way to travel in 'Golden Week'

China Daily  

BEIJING — Bike-sharing has become a major form of transport in China over the eight-day National Day holiday, with riders in first-tier cities most active, according to a report by China's bike-sharing giant Mobike released Monday. According to the report, more users have ridden bikes in a different city during the "Golden Week," with the number hitting its peak on …

Mobike and Ofo investors in talks to merge China's two largest bike-sharing startups
7 years, 5 months ago

Mobike and Ofo investors in talks to merge China's two largest bike-sharing startups

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Mobike and Ofo investors are …

Bike usage is increasing in cities across Asia as Singapore tops the list
7 years, 5 months ago

Bike usage is increasing in cities across Asia as Singapore tops the list

Firstpost  

The two biggest bike-share operators, China-owned Ofo and Mobike, plan to be in more than 200 cities by end-2017 and end-2018, respectively. Orange, yellow and other brightly coloured bikes have been popping up in cities across Asia, surprising residents and frequent visitors with their sudden ubiquity outside train stations and condo gates over the last two years. In an informal …

Mobike joins British Cycling to get millions more people on bikes
7 years, 6 months ago

Mobike joins British Cycling to get millions more people on bikes

China Daily  

China's Mobike, the world's largest bike-share platform, has entered a partnership deal with British Cycling in a bid to inspire two million people to get on a bike by 2020. As part of their collaboration, British Cycling and Mobike will engage with local communities and businesses to encourage greater bike use. British Cycling will support Mobike in its aim to …

China's bike-sharing company ofo to increase bikes in London
7 years, 6 months ago

China's bike-sharing company ofo to increase bikes in London

China Daily  

China's bike-sharing company ofo to increase bikes in London Updated: 2017-09-23 A new tailor-made bike by Ofo Inc. LONDON - China's bike-sharing company ofo decided to increase the number of its bikes in London's Hackney following its recent launch in the borough, the company announced Friday. The company said it will increase the number of its bikes to 750 from …

China's Mobike confident to keep foothold in US market
7 years, 6 months ago

China's Mobike confident to keep foothold in US market

China Daily  

WASHINGTON - China's bike-sharing company Mobike created a buzz when distributing its dockless orange-and-silver bicycles in the US capital of Washington DC earlier this week, hoping to fill a gap for the city's public transportation network with an easy-to-use option. Washington DC officials said they welcomed Mobike as the city's first dockless bike-sharing program and spoke highly of its technology-driven …

Beijing draws line on shared bicycles
7 years, 6 months ago

Beijing draws line on shared bicycles

China Daily  

People face a jungle of shared bikes near the Lishuiqiao subway station in Beijing in June. The Beijing Municipal Commission of Transport decided on Thursday to stop adding new shared bikes to the city's streets and to strengthen the management of existing bikes. "While they make travel more convenient, too many bikes causes problems such as improper parking, especially near …

Beijing draws line on shared bicycles
7 years, 6 months ago

Beijing draws line on shared bicycles

China Daily  

People face a jungle of shared bikes near the Lishuiqiao subway station in Beijing in June. The Beijing Municipal Commission of Transport decided on Thursday to stop adding new shared bikes to the city's streets and to strengthen the management of existing bikes. "While they make travel more convenient, too many bikes causes problems such as improper parking, especially near …

Chinese bike-sharing scheme ‘Mobike’ set to launch in London
7 years, 7 months ago

Chinese bike-sharing scheme ‘Mobike’ set to launch in London

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Julian Bell, leader of Ealing Council, said: “We have …

China's Mobike fills a gap in UK sharing economy
7 years, 8 months ago

China's Mobike fills a gap in UK sharing economy

China Daily  

Within a few weeks of the launch of Chinese bike-sharing company Mobike in Manchester, United Kingdom, local resident James McConnell had already used the bikes more than a dozen times. Mobike's launch of 1,000 bikes in Manchester last month is one example of how China's burgeoning sharing economy is spreading to the UK. "This holds a very high potential to …

China's Mobike fills a gap in UK sharing economy
7 years, 8 months ago

China's Mobike fills a gap in UK sharing economy

China Daily  

A man rides a Mobike earlier this month in Manchester, UK. Within a few weeks of the launch of Chinese bike-sharing company Mobike in Manchester, United Kingdom, local resident James McConnell had already used the bikes more than a dozen times. Mobike's launch of 1,000 bikes in Manchester last month is one example of how China's burgeoning sharing economy is …

Bike sharing scheme heads to London
7 years, 8 months ago

Bike sharing scheme heads to London

China Daily  

A user rides Mobike's shared bikes in Manchester. Chinese bike-sharing company Mobike could be competing with London's indigenous bike hire scheme at the end of the month as the firm eyes up market in the English capital. Following Mobike's launch in Manchester, Ealing borough council in London is currently in talks with the bike rental company to run a pilot …

Wheels of sharing economy rolling across the globe
7 years, 8 months ago

Wheels of sharing economy rolling across the globe

China Daily  

People ride shared bikes along the Chang'an Avenue of Beijing on March 10, 2017. On June 15, at an exhibition hall in Amsterdam, the Netherlands, Hu Weiwei, founder of Chinese bike-sharing startup Mobike Technology Co Ltd, was busy explaining the company's philosophy to government officials from different countries. Mobike's UK move came after its arch rival Ofo Inc launched a …

China's Mobike arrives in Britain's Manchester
7 years, 8 months ago

China's Mobike arrives in Britain's Manchester

China Daily  

A user rides Mobike's shared bikes in Manchester. LONDON - Mobike, one of China's largest bike-sharing companies, launched its service in the Greater Manchester, Britain, on Thursday. Mobike hopes that its bikes' iconic silver and orange look will soon become part of the city's main transport network. Andrew Taylor, travel plan manager at Manchester Metropolitan University, said: "At Manchester Metropolitan …

China's sharing economy is now exporting innovations
7 years, 8 months ago

China's sharing economy is now exporting innovations

China Daily  

Cai Meng/China Daily The intense competition in the bicycle-sharing business in China, which observers said would end up with a Didi-Uber merger as early as March, has now officially "gone global". In March, the Beijing-based company deployed 500 shared bikes in Singapore, where its chief rival Ofo, which has also conducted small trial runs in the UK, started operation months …

China's sharing economy is now exporting innovations
7 years, 8 months ago

China's sharing economy is now exporting innovations

China Daily  

The intense competition in the bicycle-sharing business in China, which observers said would end up with a Didi-Uber merger as early as March, has now officially "gone global". In March, the Beijing-based company deployed 500 shared bikes in Singapore, where its chief rival Ofo, which has also conducted small trial runs in the UK, started operation months earlier. Hailed as …

China's sharing economy is now exporting innovations
7 years, 8 months ago

China's sharing economy is now exporting innovations

China Daily  

The intense competition in the bicycle-sharing business in China, which observers said would end up with a Didi-Uber merger as early as March, has now officially "gone global". In March, the Beijing-based company deployed 500 shared bikes in Singapore, where its chief rival Ofo, which has also conducted small trial runs in the UK, started operation months earlier. Hailed as …

Wheels come off bike-sharing firm
7 years, 9 months ago

Wheels come off bike-sharing firm

China Daily  

CHONGQING－A bike-sharing startup has gone bust after less than five months, despite being named after Wukong, the omnipotent Monkey King, in the Chinese classic Journey to the West. Last week, Chongqing Zhanguo Technology Ltd, Wukong Bicycle's operator, announced on the company's Sina Weibo account that it had retrieved its bikes from the streets. Wukong rolled out its services on Jan …

China peddles into Japan with bike-sharing giant service
7 years, 9 months ago

China peddles into Japan with bike-sharing giant service

China Daily  

Mobike has announced it will launch its bike-sharing services in Fukuoka, Japan, later this year. Representatives of the bike-sharing giant announced the company established a Japanese subsidiary, named Mobike Japan Ltd, in Fukuoka city, after its efforts of raising more than $600 million in Mobike's latest round of financing from investors, including Tencent Holdings Ltd. Soichiro Takashima, mayor of Fukuoka …

Wheels come off Chinese bike-sharing firm
7 years, 9 months ago

Wheels come off Chinese bike-sharing firm

China Daily  

CHONGQING — Despite being named after Wukong, the omnipotent Monkey King, in the Chinese classic "Journey to the West," a Chongqing bike-sharing start-up has gone bust after less than five months. Chongqing Zhanguo Technology Ltd, Wukong Bicycle's operator, announced on the company's Sina Weibo account last week that it had retrieved its bikes from the streets and will refund cash …

Bike-sharing companies spearhead China's output of innovation overseas
7 years, 9 months ago

Bike-sharing companies spearhead China's output of innovation overseas

China Daily  

BEIJING - With leading bike-sharing companies gearing up for global expansion, China's innovation in on-demand transportation has surprised the world with a business model that stands out in the sharing economy. Mobike, one of China's largest dockless bike-sharing operators, will launch an initial 1,000 bikes in Manchester and Salford on June 29, making Britain the latest in a string of …

Mobike: Chinese bike-sharing startup raises $600m ahead of UK expansion
7 years, 9 months ago

Mobike: Chinese bike-sharing startup raises $600m ahead of UK expansion

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese bike-sharing startup Mobike has …

Lhasa moved by shared bike service
7 years, 10 months ago

Lhasa moved by shared bike service

China Daily  

Jamyang Tso, a resident of Lhasa, rides an Ofo bike on Monday near the Potala Palace. Zhang Yiding, one of Ofo's founders, said they hope to put 10,000 shared bikes in the next few months in Lhasa, which is the company's 100th city. We hope Ofo will help to optimize Lhasa's traffic system, and bring convenience to residents and tourists," …

Lhasa moved by shared bike service
7 years, 10 months ago

Lhasa moved by shared bike service

China Daily  

Jamyang Tso, a resident of Lhasa, rides an Ofo bike on Monday near the Potala Palace. Zhang Yiding, one of Ofo's founders, said they hope to put 10,000 shared bikes in the next few months in Lhasa, which is the company's 100th city. We hope Ofo will help to optimize Lhasa's traffic system, and bring convenience to residents and tourists," …

Beijing likes shared bicycles－however ...
7 years, 10 months ago

Beijing likes shared bicycles－however ...

China Daily  

Various bicycles are parked at a subway entrance in Shenzhen, Guangdong province, April 4, 2017. Proposed regulation for managing clutter put out for public comment Seeing the boom in the bike-sharing business, along with the resulting clutter created by randomly parked bikes, the Beijing municipal government has published a draft guideline for public comment, the top transport official said on …

Beijing likes shared bicycles－however ...
7 years, 10 months ago

Beijing likes shared bicycles－however ...

China Daily  

Various bicycles are parked at a subway entrance in Shenzhen, Guangdong province, April 4, 2017. Proposed regulation for managing clutter put out for public comment Seeing the boom in the bike-sharing business, along with the resulting clutter created by randomly parked bikes, the Beijing municipal government has published a draft guideline for public comment, the top transport official said on …

Beijing likes shared bicycles－however ...
7 years, 10 months ago

Beijing likes shared bicycles－however ...

China Daily  

Various bicycles are parked at a subway entrance in Shenzhen, Guangdong province, April 4, 2017. Proposed regulation for managing clutter put out for public comment Seeing the boom in the bike-sharing business, along with the resulting clutter created by randomly parked bikes, the Beijing municipal government has published a draft guideline for public comment, the top transport official said on …

Shared bikes climb to the 'roof of the world'
7 years, 11 months ago

Shared bikes climb to the 'roof of the world'

China Daily  

LHASA - China's bike-sharing fever has spread to Tibet, with 500 shared two-wheelers appearing on the plateau Thursday.The fleets of bright yellow Ofo bikes have been placed in 22 spots in Xigaze, the region's second largest city, said Lyu Shuang, the company's regional manager. "We hope shared bikes become low-carbon, cheap transport for locals and tourists alike in Tibet," Lyu …

Shared bikes climb to the 'roof of the world'
7 years, 11 months ago

Shared bikes climb to the 'roof of the world'

China Daily  

LHASA - China's bike-sharing fever has spread to Tibet, with 500 shared two-wheelers appearing on the plateau Thursday.The fleets of bright yellow Ofo bikes have been placed in 22 spots in Xigaze, the region's second largest city, said Lyu Shuang, the company's regional manager. "We hope shared bikes become low-carbon, cheap transport for locals and tourists alike in Tibet," Lyu …

Guangzhou govt urged to support shared bikes, improve management
7 years, 11 months ago

Guangzhou govt urged to support shared bikes, improve management

China Daily  

Almost 94 percent of Guangzhou residents believe the city government should support the bike-sharing industry to help reduce vehicle emissions, according to a poll. Fifty-one percent said they use shared bikes less than three times a week, 30 percent said three to six times, and 18 percent said more than seven times. Chen Zhenxi with the Guangdong Consumer Council, which …

Guangzhou govt urged to support shared bikes, improve management
7 years, 11 months ago

Guangzhou govt urged to support shared bikes, improve management

China Daily  

Almost 94 percent of Guangzhou residents believe the city government should support the bike-sharing industry to help reduce vehicle emissions, according to a poll. Fifty-one percent said they use shared bikes less than three times a week, 30 percent said three to six times, and 18 percent said more than seven times. Chen Zhenxi with the Guangdong Consumer Council, which …

Car2go expects big growth in vehicle-sharing market
7 years, 11 months ago

Car2go expects big growth in vehicle-sharing market

China Daily  

A woman drives a vehicle of Car2Share service in Chengdu, capital of Sichuan province. TAN XI / FOR CHINA DAILY Daimler-owned service provider to drive ahead with key expansion plans The car-sharing market in China is about to experience explosive growth in the coming three to five years and Car2go China Co Ltd－the Daimler-owned car-sharing business－is strategically prepared to ride …

Beijing to regulate thriving bike-sharing industry
7 years, 11 months ago

Beijing to regulate thriving bike-sharing industry

China Daily  

BEIJING -- Beijing authorities are considering measures to regulate the ubiquitous shared bikes that benefited commuters but challenge urban management. Beijing began to solicit public opinion Friday on a draft rule that will cap the number of shared bikes on the city's streets and promise orderly parking. The bike-sharing business, which took off in big Chinese cities less than two …

Chinese bike-sharing startup Ofo trials in Cambridge ahead of European launch
7 years, 11 months ago

Chinese bike-sharing startup Ofo trials in Cambridge ahead of European launch

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Chinese bike-sharing company that …

China's Hong Kong launches first bike-sharing service
7 years, 11 months ago

China's Hong Kong launches first bike-sharing service

China Daily  

HONG KONG -- Hundreds of smart bicycles for rental service were put into use in China's Hong Kong on Thursday, allowing users to rent and return bikes conveniently through a mobile phone app. The service, named Gobee.bike, became Hong Kong's first bike-sharing system that allows riders to locate the nearest bicycles through an active map in a mobile application, rent …

Ofo partners with leading Chinese bike manufacturer
7 years, 11 months ago

Ofo partners with leading Chinese bike manufacturer

China Daily  

Riders scan ofo bikes in Xi'an, Shaanxi province. Under the partnership, announced on Wednesday, Fuji-Ta, a leading Chinese bicycle manufacturer, will add about 10 production lines for ofo's shared bicycles, with an annual production capability of more than 10 million units. Fuji-Ta said the deal will almost double its annual bicycle production capability to more than 20 million units by …

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