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Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets

Singapore’s Neuron Mobility raises .5M to bring its electric scooters to more international markets Neuron Mobility, a Singapore-based startup, has closed an $18.5 million new financing round as it looks to scale its e-scooter startup in international markets. The new financing round, dubbed Series A, was funded by GSR Ventures, a venture […]

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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 […]

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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 […]

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Food delivered to the doorstep is not so cheap in China anymore

Food delivered to the doorstep is not so cheap in China anymore A big selling point of ordering food to the doorstep in China is price, which, in the early years, could be much cheaper than eating in-house. That’s arguably indulged a demographic of lazy, indoorsy eaters, but that may not last […]

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The next big bet for former Uber CEO Travis Kalanick may be cloud kitchens — in China

The next big bet for former Uber CEO Travis Kalanick may be cloud kitchens — in China Former Uber CEO Travis Kalanick may have been nudged out of one of the world’s most highly valuable private companies by investors frustrated over its troubled culture, but his moves remain of great interest given […]

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China’s social credit system won’t tell you what you can do right

China’s social credit system won’t tell you what you can do right For the past few years, China has been rolling out a Black Mirror / Harry Potter-esque social rating policy known as the Social Credit System (SCS). Far from just a credit score in the financial sense, an SCS score can determine whether […]

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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 […]

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Ola, Uber’s India rival, invests $100M in scooter rental startup Vogo

Ola, Uber’s India rival, invests 0M in scooter rental startup Vogo We’re familiar with Uber cozying up to scooter startups — it has bought one and invested in another — but over in India, the U.S. firm’s key rival is hatching a major alliance of its own it invested $100 million in […]

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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 […]

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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 […]

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