Chinese ecommerce giant Meituan-Dianping to acquire bike-sharing startup Mobike

Fledgling bike-share startup Mobike is to be acquired by Chinese ecommerce giant Meituan-Dianping. Terms of the deal were not officially disclosed, but local media reports have pegged the value of the transaction at $ 2.7 billion. Launched in Shanghai back in 2016, Mobike rolled out to dozens of cities across China before going international last ye…Read […]

Mobike’s dockless bike-sharing service comes to Washington, DC

Washington DC is one of the most bike-happy cities in America, with around five percent of commuters pedaling around the city each day. That’s one of the reasons why Mobike, a company that has mostly been in China and Europe until now, is launching a pilot for the first dockless bike-sharing program in the capital. […]

China’s Mobike lands in its first U.S. city as bike-sharing battle heats up

Chinese bike-sharing startup Mobike has arrived in Washington D.C., its first U.S. city. The launch comes as myriad bike-sharing companies launch similar services across the country. To recap, Mobike provides cities with the bikes and the technology platform, including mobile apps, allowing riders to unlock a bike by scanning a QR code with their phone. For longevity, […]

America’s newest bikesharing program lets you drop off bikes basically anywhere

Spin Earlier this month, Bay-Area-based startup Spin introduced the first large-scale deployment of a stationless bikesharing program in the US. As of March 11, Austin, Texas now has hundreds of orange Spin bikes randomly scattered around the downtown area, each available for rent whenever and wherever Austinites need them. Each bike pairs with a mobile app […]

Chinese bike-sharing startup Ofo raises $450 million

Chinese bike-sharing startup ofo said it has raised $ 450 million in a fresh round of funding, as the firm faces up against deep-pocketed rival Mobike in one of the hottest sectors to attract tech investors. Investment group DST Global, ride-hailing giant Didi Chuxing and CITIC’s private equity arm were among investors, the company said […]