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Chinese bike-sharing firm Mobike pulls out of Asian markets
Chinese dockless bike-sharing company Mobike said it will pull out of some Asian countries and re-evaluate its units in other overseas markets. Read more…
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Off the Wire
Singtel Group signs pan-Asian partnership deal with Mobike
The Singtel Group has signed a memorandum of understanding (MOU) with bike-sharing company Mobike to collaborate on mobile payments, IoT, data analytics and marketing across Asia to enhance Mobike’s bike-sharing service. This partnership extends across Read more…
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Bike sharing bloodbath! Mobike and Ofo square off for global domination
Mobike and Ofo are cash-rich and ready for battle in the global bike sharing space, but their business models are problematic and the economics are worse. A battle is brewing over ride hailing, but the Read more…
Off the Wire
Ericsson, China Mobile and Mobike partner for smart travel apps
Ericsson has signed an MoU with China Mobile’s Government and Enterprise Customers Branch and Mobike for a “smart travel” partnership to explore and develop digital services and accelerate the application of new IoT technologies related Read more…
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Bike-sharing apps are disrupting China’s sidewalks
BEIJING (Reuters) – China’s renewed love affair with the bicycle is proving a boon for mobile bike-sharing apps but is causing headaches by congesting city sidewalks. Business for Mobike, ofo and other apps has taken Read more…
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Mobike gets fresh funding from Temasek and Hillhouse
BEIJING (Reuters) – Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings and hedge fund Hillhouse Capital, bringing its total new funding Read more…
Off the Wire
Ericsson, China Mobile and Mobike trial cellular IoT in Shanghai
Ericsson, China Mobile Shanghai and bike-sharing service Mobike have joined forces to trial cellular IoT technologies on a live network to provide a more convenient and enhanced bike-sharing experience to Mobike users. Carried out on Read more…
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Mobike gets backing from Foxconn as it ramps up expansion plans for 2017
BEIJING (Reuters) – China’s Mobike said it has joined hands with Foxconn to double the number of bikes it plans to make this year to 10 million, adding that the Taiwanese manufacturing giant had also Read more…