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China"s Didi, Ant Financial weigh joint $2 billion Ofo buyout: source

Chinese ride-hailing giant Didi Chuxing and Alibaba's Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions......»»

Category: topSource: reutersAug 3rd, 2018

Here’s Why the Chinese Bike-Sharing Startup Ofo Slammed the Brakes in the U.S.

Facing strict regulations abroad, Ofo has scaled back its plans for global expansion. Ofo, on.....»»

Category: europeSource: fortuneJul 26th, 2018

Chinese bike-sharing startup Ofo is scaling back its US ambitions

Chinese bike-sharing startup Ofo is backpedaling on its US business......»»

Category: topSource: cnnJul 19th, 2018

Unicorns on Scooters: Another E-Scooter Sharing Startup Is Eyeing the $1 Billion Club

Like Bird, its main rival, Lime is raising money at a valuation of $1 billion. Lime, the bike and scooter sharing company, is raising about .....»»

Category: europeSource: fortuneJun 6th, 2018

A startup born at MIT just got $16 million to build better hardware for bike and scooter sharing

Superpedestrian Superpedestrian, a startup born out of MIT, has raised $16.5 million in funding from top-tier venture.....»»

Category: topSource: businessinsiderMay 23rd, 2018

Electric Bike-sharing Companies Need To Look At The Chinese Bike Debacle Before Aggressive Expansion

Over the last few months, Uber Inc. has been on the path of extending its services to different domains, of which the electric bike-sharing business looks to be a primary focal point. read more.....»»

Category: blogSource: benzingaAug 28th, 2018

A 35-year-old who dropped out of high school had a vision of a utopian future for China, the US, and the world — and it"s led her to the forefront of a tech startup worth $3 billion

Courtesy of VIPKid The Chinese education startup VIPKid, which connects fluent English-speaking teachers with Chinese students, raised $500 million in April .....»»

Category: topSource: businessinsiderAug 6th, 2018

A 35-year-old who dropped out of high school had a vision of a utopian future for China, the US, and the world — and it’s led her to the forefront of a tech startup worth $3 billion

Photo by Steve Jennings/Getty Images for TechCrunch The Chinese education startup VIPKid, which connects fluent English-speaking teachers with Chinese students, raised $500 million in April .....»»

Category: dealsSource: nytAug 5th, 2018

I tried the two Chinese bike-sharing giants trying to take over the world, and it was immediately obvious why they can"t seem to crack the US

Getty Images One of the hottest sectors of Chinese tech is "dockless-bike sharing." The two primary companies, Mobike and Ofo, have expanded aggressively in recent years across the world. Both companies have faced unforeseen challenges upon tryi.....»»

Category: topSource: businessinsiderJul 28th, 2018

Bike-sharing startup Spin may be ditching a deal with local cities to go with scooters

Spin, one of two companies chosen earlier this spring to roll out dockless bike-sharing programs in 15 cities in Greater Boston, now appears to be backing out of that deal because it wants to focus on the even hotter market for shared electric scoot.....»»

Category: topSource: bizjournalsJul 26th, 2018

Alphabet, Uber invest in bike sharing startup Lime

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJul 9th, 2018

Uber, Alphabet invest in bike sharing service Lime

Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc ......»»

Category: topSource: reutersJul 9th, 2018

Lyft Follows Uber by Acquiring Bike-Sharing Startup Motivate

Ride-hailing firm Lyft said it agreed to purchase an urban bike-rental company recognizable by its curbside docking stations and sponsors like Ford Motor and Citigroup......»»

Category: smallbizSource: wsjJul 3rd, 2018

Lyft Follows Uber by Acquiring Bike-Sharing Startup Motivate - Wall Street Journal

Wall Street JournalLyft Follows Uber by Acquiring Bike-Sharing Startup MotivateWall Street JournalRide-hailing fir.....»»

Category: topSource: googlenewsJul 2nd, 2018

Giant bike sharing firm Ofo is letting the Chinese Communist Party have a say in the company"s "major decisions"

Kevin Frayer/Getty Images Bike sharing giant Ofo will include the role of the Chinese Communist Party (CCP) within its corporate cha.....»»

Category: topSource: businessinsiderJun 26th, 2018

Facebook has a data sharing agreement with Huawei, a telecom giant with alleged ties to the Chinese government (FB)

Rick Wilking/Reuters Facebook has a data sharing agreement with Chinese telecom giant and cell phone manufacturer Huawei, reports the Washington Post.  For years, U.S. intelligence officials have raised national security concern.....»»

Category: topSource: businessinsiderJun 5th, 2018

A startup in the West Coast scooter sharing craze is already worth $1 billion — here"s what it"s like to ride a Bird scooter

Bird app screenshot and Kaylee Fagan/Business Insider Electric scooter startup Bird is riding high these days. On Tuesday, Bloomberg reported that Bird is raising $150 m.....»»

Category: topSource: businessinsiderMay 30th, 2018

Superpedestrian, maker of the Copenhagen Wheel, coasts into bike-sharing with $16M

Operators of bike-share programs are duking it out in cities all over the world. Now, MIT-born Superpedestrian wants to sell them some boxing gloves. The startup on Wednesday unveiled plans to sell its sensor-embedded electric bicycles to bike-share o.....»»

Category: topSource: bizjournalsMay 23rd, 2018

Uber is expanding to a new mode of transportation: Bikes

It just bought bike-sharing startup Jump.         It just bought bike-sharing startup Jump.        .....»»

Category: topSource: usatodayApr 9th, 2018

Uber has acquired electric bike-sharing startup JUMP Bikes

SAN FRANCISCO (Reuters.....»»

Category: topSource: reutersApr 9th, 2018