Checkout
Cart: $0.00 - (0 items )

Joy Capital closes $700M for early-stage investments in China

Joy Capital closes 0M for early-stage investments in China Joy Capital, the venture capital firm that’s backed Luckin, NIO, Mobike and other investor darlings in China, just raised $700 million for a new fund focusing on early-to-growth stage startups. Launched in 2015 by a team of former investors at Legend Capital, the […]

Read More

Hellobike, survivor of China’s bike-sharing craze, goes electric

Hellobike, survivor of China’s bike-sharing craze, goes electric Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players […]

Read More

This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar

This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar What is the world to do with the graveyards of dockless bicycles left over after China’s bike sharing startups retreated from global markets? One man has come up with the best idea to date: donate them to students who need […]

Read More

China’s grocery delivery battle heats up with Meituan’s entry

China’s grocery delivery battle heats up with Meituan’s entry Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to pick up fresh ingredients from brick-and-mortar stores, so China’s startups and large companies […]

Read More

Meituan confirms Mobike’s retreat from most overseas markets

Meituan confirms Mobike’s retreat from most overseas markets TechCrunch reported last Friday that Mobike has scrapped operations across the Asia Pacific region as a key step towards a long-term plan to scale back its international business. On Monday, its parent company Meituan confirmed that the pioneer in China’s bike rental sector will […]

Read More

Alibaba-backed Hellobike bags new funds as it marches into ride-hailing

Alibaba-backed Hellobike bags new funds as it marches into ride-hailing 2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan […]

Read More

Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities

Neuron Mobility raises .7M to bring e-scooters to Southeast Asia’s cities Despite the rise in electric scooters in the U.S., you’d be forgiven for thinking that Asia — the region where bike-sharing foreshadowed the rise of e-scooters — has been left off the party. But e-scooters have quietly been in the region for […]

Read More

Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing

Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said on its earnings call on […]

Read More

China’s Youon expands into Europe as other bike startups backpedal worldwide

China’s Youon expands into Europe as other bike startups backpedal worldwide A little known Chinese bike company is riding into Europe as its peer Ofo has applied the brakes to its global expansion strategy in recent months. Youon, which gets by manufacturing public bikes for city governments across China, has formed a […]

Read More

Taxify is entering the e-scooter game

Taxify is entering the e-scooter game Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries […]

Read More

Back to top