Unicorns

Mobike Will Work in Tandem With Japanese Messaging App Line to Roll Out Localized Services

Mobike Will Work in Tandem With Japanese Messaging App Line to Roll Out Localized Services

Line Corp., operator of Japan’s most popular messaging app, is teaming up with Beijing Mobike Technology Co. and has led…

Dec 20, 2017
Chen Juan
Sina’s Board Appoints Ctrip Co-Founder as an Independent Director

Sina’s Board Appoints Ctrip Co-Founder as an Independent Director

Chinese internet media giant Sina Corp. [NASDAQ:SINA] said yesterday that its board of directors appointed Liang Jianzhang, chairman of…

Dec 20, 2017
Tang Shihua
Ofo Founder Rejects Mobike Merger, Says ‘Competition Is Good’

Ofo Founder Rejects Mobike Merger, Says ‘Competition Is Good’

The founder of one of China’s two biggest bike-sharing startups has dismissed the idea of them merging after key investors talked up the possibility, citing his commitment to competition.

Dec 19, 2017
Tang Shihua
Mobike-Ofo Merger Is Possible Via Equal Equity Split, Top Investor Says

Mobike-Ofo Merger Is Possible Via Equal Equity Split, Top Investor Says

A leading investor in one of China’s two main bike-sharing startups said a merger is likely if it is one of equals, confirming recent talk of a possible combination.

Dec 15, 2017
Xu Wei
Investors Talk Up Ofo-Mobike Merger in China’s Saturated ‘Uber for Bikes’ Market

Investors Talk Up Ofo-Mobike Merger in China’s Saturated ‘Uber for Bikes’ Market

Two more investors in Beijing Bikelock Technology Co., known as Ofo, have said they’d welcome a merger with Beijing Mobike…

Dec 14, 2017
Xu Wei
Meizu Unveils New Overseas Business and Components Divisions

Meizu Unveils New Overseas Business and Components Divisions

After a new round of corporate organizational restructuring, Chinese handset maker Meizu Technology Co. will institute a new overseas business…

Dec 14, 2017
Dou Shicong
Ofo Pedals Into Paris, Arrives at Goal of 20-Country Business in Advance

Ofo Pedals Into Paris, Arrives at Goal of 20-Country Business in Advance

Ofo announced that it has entered the French capital of Paris.

Dec 7, 2017
Xu Wei
Ofo Eyes New Round of Funding Worth USD1 Billion With Alibaba as Likely Investor

Ofo Eyes New Round of Funding Worth USD1 Billion With Alibaba as Likely Investor

Chinese bike-sharing titan Beijing Bikelock Technology Co, often referred to as Ofo, may soon complete a new round of financing,…

Dec 7, 2017
Dou Shicong
China’s Bike-Sharing Giant Mobike Wins UN Environment Program’s Prestigious ‘Champions of the Earth’ Award

China’s Bike-Sharing Giant Mobike Wins UN Environment Program’s Prestigious ‘Champions of the Earth’ Award

The United Nations Environment Program granted the 2017 Champions of the Earth award in the ‘Entrepreneurial Vision’ category to China’s…

Dec 7, 2017
Liao Shumin
NEV Maker WM Motor Bags New Funding From Baidu Ahead of Car-Unveiling Next Week

NEV Maker WM Motor Bags New Funding From Baidu Ahead of Car-Unveiling Next Week

Chinese new energy vehicle (NEV) start-up WM Motor has secured new funding from Baidu Inc. [NASDAQ:BIDU] through its investment arm, ahead of an event on Dec. 11 to unveil its first mass-produced car.

Dec 6, 2017
Duan Qianqian
China’s Big Two Bike-Sharers Deny Embezzlement of Users’ Deposits

China’s Big Two Bike-Sharers Deny Embezzlement of Users’ Deposits

China’s bike-sharing giants Beijing Bikelock Technology Co. (Ofo) and Beijing Mobike Technology Co. (Mobike) have refuted industry insider reports that…

Dec 1, 2017
Zhang Xia
Mobike Will Never Merge with Ofo, Mobike CEO Wang Xiaofeng Avows

Mobike Will Never Merge with Ofo, Mobike CEO Wang Xiaofeng Avows

Mobike Will Never Merge with Ofo, Mobike CEO Wang Xiaofeng Avows

Nov 30, 2017
Dou Shicong

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