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," Zhang said. "With the support of the Lhasa Traffic and Transportation Bureau, Ofo's operations will bolster the city's 'green, slow traffic' system," Zhang said. Xu Wenqiang, deputy director of the region's traffic and transportation department, said the launch of Ofo in Lhasa will help expand public transportation coverage, and it will help improve the city's transportation system.

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History of this topic

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 …

Bike-sharing company ofo cycles out of Australia, others remain in doubt
6 years, 8 months ago

Bike-sharing company ofo cycles out of Australia, others remain in doubt

ABC  

The future of dockless share bikes in Australia is in doubt, with at least one company announcing it is ceasing operations here, and the future of two more is under a cloud. The bright yellow and red bikes of dockless bike hire companies have been seen around the streets of Sydney, Melbourne and Adelaide since they began operations in Australia …

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, 4 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 company Ofo lands in Sydney
7 years, 5 months ago

Chinese bike-sharing company Ofo lands in Sydney

China Daily  

An Australian rides an Ofo bike at the seacoast in Sydney, Sept 25, 2017. Chinese bike-sharing titan Ofo Inc announced it has landed in Australia's major city Sydney, with the endorsement of local cycling association Bicycle New South Wales, as the company ramps up its efforts to expand the booming cycle empire into the overseas market, NetEase Technology reported 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, 6 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 …

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 …

Ofo announces European expansion
7 years, 6 months ago

Ofo announces European expansion

China Daily  

A yellow Ofo bike in Prague, Czech Republic. Ofo said it deployed an initial batch of 300 yellow shared bikes in the Praha 7 area of Prague, the Czech capital. "DoT follows with great interest all innovations in the transport sphere aimed at increasing transport mobility," said Alina Bisembaeva, deputy head of the Moscow department for transport and road infrastructure …

Ofo is bringing its dockless bike sharing tech to London
7 years, 6 months ago

Ofo is bringing its dockless bike sharing tech to London

Wired  

Getty Images / Zhang Peng / Contributor On a Friday at the end of July 2010, London got its first bike sharing scheme. Ofo, one of China's big two bike sharing companies, is set to put 200 of its bright yellow cycles onto the streets of Hackney from September 7. "Only a small area of the borough is covered by …

Ofo bikes to be rolled out in Malaysia
7 years, 7 months ago

Ofo bikes to be rolled out in Malaysia

China Daily  

Local residents and officials ride Ofo bikes in the city of Melaka, Malaysia. Chinese bike-sharing giant Ofo Inc announced on Thursday that it is pedaling its way to Malaysia, as competition with arch rival Mobike Technology intensifies in the overseas market. Lawrence Cao, head of Ofo's Asia-Pacific business, said Ofo would work closely with the local state government to build …

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 …

Bike-sharing firm to break even this year
7 years, 9 months ago

Bike-sharing firm to break even this year

China Daily  

Dai Wei, founder of Ofo Inc, expects the bike-sharing company to break even this year and make a profit in 2018. Dai Wei, founder of Ofo inc. "We are profitable in more than two cities at the moment," Dai, who is also chief executive officer of the company, said in an exclusive interview with China Daily on the sidelines of …

China's sharing economy is now exporting innovations
7 years, 9 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, 9 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, 9 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, 9 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 …

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," …

Shared bikes reach Lhasa
7 years, 10 months ago

Shared bikes reach Lhasa

China Daily  

LHASA - Lhasa, capital of the Tibet autonomous region in Southwest China, has become the second city in the plateau region with shared bikes. Ofo announced on Wednesday that the city is the 100th location sporting a herd of bright yellow bikes, with the first batch of 2,000 already in use. "The bikes were first placed near the Potala Place …

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 …

Bike share firms peddle for profit
7 years, 10 months ago

Bike share firms peddle for profit

China Daily  

Ofo bikes along Beijing's East Third Ring Road. Didi, which drove rival Uber out of the country after years of cash burning, has folded ofo's bike-sharing functions into its "hugely popular app with 400 million users", according to a company statement. Aside from app integration, Didi said it will tap into ofo's data allowing it to design "more efficient bike-bus …

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 …

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 …

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 …

Bike-sharing pioneers ofo, Mobike battle with cash in market share race
7 years, 11 months ago

Bike-sharing pioneers ofo, Mobike battle with cash in market share race

China Daily  

After an on-and-off month-long race to win over customers with free rides, Chinese bike-sharing pioneers ofo and Mobike have entered a new round of competition, with both companies offering users random cash rewards of up to 5,000 yuan per ride. Both companies are offering random gifts ranging from one to thousands of yuan per ride, provided the ride lasts more …

Bike-sharing pioneers ofo, Mobike battle with cash in market share race
7 years, 11 months ago

Bike-sharing pioneers ofo, Mobike battle with cash in market share race

China Daily  

After an on-and-off month-long race to win over customers with free rides, Chinese bike-sharing pioneers ofo and Mobike have entered a new round of competition, with both companies offering users random cash rewards of up to 5,000 yuan per ride. Both companies are offering random gifts ranging from one to thousands of yuan per ride, provided the ride lasts more …

Ofo in deal with major bank
7 years, 11 months ago

Ofo in deal with major bank

China Daily  

Chinese bike-sharing company ofo Inc has signed a deal with China CITIC Bank to offer expanded financial services for ofo users. Thus, we can offer better services for our clients and boost the development of both industries,” ofo chief executive officer Dai Wei said. Guo Danghuai, vice president of CITIC Bank, said: “Our partnership with ofo will enable us to …

Expanding ofo confident of rolling into profit this year
7 years, 11 months ago

Expanding ofo confident of rolling into profit this year

China Daily  

A rider in Qingdao, Shandong province, scans bar code for riding an ofo bike. With profitability appearing achievable last year, ofo Inc is planning a simultaneous expansion at home as well as overseas markets this year, said Dai Wei, the bike-sharing startup's founder and CEO. Ofo's iconic yellow bikes will be available for rental in 200 Chinese cities and 10 …

Expanding ofo confident of rolling into profit this year
7 years, 11 months ago

Expanding ofo confident of rolling into profit this year

China Daily  

A rider in Qingdao, Shandong province, scans bar code for riding an ofo bike. With profitability appearing achievable last year, ofo Inc is planning a simultaneous expansion at home as well as overseas markets this year, said Dai Wei, the bike-sharing startup's founder and CEO. Ofo's iconic yellow bikes will be available for rental in 200 Chinese cities and 10 …

Ofo in deal with major bank
7 years, 11 months ago

Ofo in deal with major bank

China Daily  

Chinese bike-sharing company ofo Inc has signed a deal with China CITIC Bank to offer expanded financial services for ofo users. Thus, we can offer better services for our clients and boost the development of both industries,” ofo chief executive officer Dai Wei said. Guo Danghuai, vice president of CITIC Bank, said: “Our partnership with ofo will enable us to …

Expanding ofo confident of rolling into profit this year
7 years, 11 months ago

Expanding ofo confident of rolling into profit this year

China Daily  

A rider in Qingdao, Shandong province, scans bar code for riding an ofo bike. With profitability appearing achievable last year, ofo Inc is planning a simultaneous expansion at home as well as overseas markets this year, said Dai Wei, the bike-sharing startup's founder and CEO. Ofo's iconic yellow bikes will be available for rental in 200 Chinese cities and 10 …

China's bike-sharing firms test the waters in US market
7 years, 11 months ago

China's bike-sharing firms test the waters in US market

China Daily  

People ride shared bikes along the Chang'an Avenue of Beijing on March 10, 2017. China's emerging bike-sharing operators have begun to test the waters in several US states, demonstrating China's innovative ability to the citizens in the country half a world away. In China, once called a "bicycle kingdom", shared bikes have become the newest battlefield for global capital, with …

China's bike-sharing firms test the waters in US market
7 years, 11 months ago

China's bike-sharing firms test the waters in US market

China Daily  

People ride shared bikes along the Chang'an Avenue of Beijing on March 10, 2017. China's emerging bike-sharing operators have begun to test the waters in several US states, demonstrating China's innovative ability to the citizens in the country half a world away. In China, once called a "bicycle kingdom", shared bikes have become the newest battlefield for global capital, with …

China's bike-sharing firms test the waters in US market
7 years, 11 months ago

China's bike-sharing firms test the waters in US market

China Daily  

People ride shared bikes along the Chang'an Avenue of Beijing on March 10, 2017. China's emerging bike-sharing operators have begun to test the waters in several US states, demonstrating China's innovative ability to the citizens in the country half a world away. In China, once called a "bicycle kingdom", shared bikes have become the newest battlefield for global capital, with …

China's bike-sharing firms test the waters in US market
7 years, 11 months ago

China's bike-sharing firms test the waters in US market

China Daily  

People ride shared bikes along the Chang'an Avenue of Beijing on March 10, 2017. China's emerging bike-sharing operators have begun to test the waters in several US states, demonstrating China's innovative ability to the citizens in the country half a world away. In China, once called a "bicycle kingdom", shared bikes have become the newest battlefield for global capital, with …

Chinese 'bike wars' to break out in UK
7 years, 11 months ago

Chinese 'bike wars' to break out in UK

China Daily  

Workers fine-tune a Mobike at a production line in Hengyang, Hunan province. PROVIDED TO CHINA DAILY China's famed "bike wars" may soon be fought on foreign shores, as Bluegogo and Mobike compete with fellow stand-free cycle hire company ofo in the British market. Elsewhere in the UK this month, Beijing Bikelock Technology's bike hire business ofo is launching a pilot …

Chinese 'bike wars' to break out in UK
7 years, 11 months ago

Chinese 'bike wars' to break out in UK

China Daily  

Workers fine-tune a Mobike at a production line in Hengyang, Hunan province. PROVIDED TO CHINA DAILY China's famed "bike wars" may soon be fought on foreign shores, as Bluegogo and Mobike compete with fellow stand-free cycle hire company ofo in the British market. Elsewhere in the UK this month, Beijing Bikelock Technology's bike hire business ofo is launching a pilot …

Chinese 'bike wars' to break out in UK
7 years, 11 months ago

Chinese 'bike wars' to break out in UK

China Daily  

Workers fine-tune a Mobike at a production line in Hengyang, Hunan province. PROVIDED TO CHINA DAILY China's famed "bike wars" may soon be fought on foreign shores, as Bluegogo and Mobike compete with fellow stand-free cycle hire company ofo in the British market. Elsewhere in the UK this month, Beijing Bikelock Technology's bike hire business ofo is launching a pilot …

Chinese companies to fight 'bike wars' in UK
7 years, 11 months ago

Chinese companies to fight 'bike wars' in UK

China Daily  

China's famed "bike wars" may soon be fought on foreign shores, as Bluegogo and Mobike compete with fellow stand-free cycle hire company Ofo in the British market. Elsewhere in the UK this month, Beijing Bikelock Technology's bike hire business Ofo is launching a pilot bike-hiring scheme in Cambridge. Located in the fl at Fenlands area, Cambridge is commonly referred to …

'Yellow bike fever' unchained in UK
7 years, 11 months ago

'Yellow bike fever' unchained in UK

China Daily  

Bicycle provider ofo rolls out 500 units in Cambridge as it takes aim at Europe Chinese bicycle rental startup ofo - pronounced "oh-ef-oh" - is seeking to overtake competitors such as Mobike by venturing overseas. Photos Provided to China Daily "We chose Cambridge because it's so bike-friendly," says Angela Cai, head of communications at ofo. Late last year, ofo CEO …

'Yellow bike fever' unchained in UK
7 years, 11 months ago

'Yellow bike fever' unchained in UK

China Daily  

Bicycle provider ofo rolls out 500 units in Cambridge as it takes aim at Europe Chinese bicycle rental startup ofo - pronounced "oh-ef-oh" - is seeking to overtake competitors such as Mobike by venturing overseas. Photos Provided to China Daily "We chose Cambridge because it's so bike-friendly," says Angela Cai, head of communications at ofo. Late last year, ofo CEO …

Bike-sharing sector heats up
8 years ago

Bike-sharing sector heats up

China Daily  

A worker adjusts the parts of an ofo bicycle in a production plant of Flying Pigeon Cycle Development Co Ltd in Tianjin. Ofo locked in fierce battle with Mobike for slice of growing market Competition in China's bike-sharing sector is set to intensify as the startup ofo announced on Wednesday it had raised 3.1 billion yuan from investors including Digital …

Bike-sharing startup ofo raises $450m in D-round financing
8 years ago

Bike-sharing startup ofo raises $450m in D-round financing

China Daily  

Bike-sharing startup ofo raises $450m in D-round financing Updated: 2017-03-01 Ofo bikes are lined up outside a subway entrance in Chengdu, Southwest China's Sichuan province, Jan 19, 2017. China's bike-sharing startup ofo announced on Wednesday that it has completed D-round financing of 3.1 billion yuan, led by global investment institution Digital Sky Technology, or DST. Other investors include ride-hailing service …

Bike-sharing startup ofo raises $450m in D-round financing
8 years ago

Bike-sharing startup ofo raises $450m in D-round financing

China Daily  

Ofo bikes are lined up outside a subway entrance in Chengdu, Southwest China's Sichuan province, Jan 19, 2017. China's bike-sharing startup ofo announced on Wednesday that it has completed D-round financing of 3.1 billion yuan, led by global investment institution Digital Sky Technology, or DST. Other investors include ride-hailing service provider Didi Chuxing, private equity fund CITIC Private Equity Funds …

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