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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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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 […]

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Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Grab invests 0M into India’s OYO to expand its budget hotel service in Southeast Asia Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E […]

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oBike is closing its dock-less bike-sharing service in Singapore

oBike is closing its dock-less bike-sharing service in Singapore Singapore’s upcoming licensing for dock-less bike-sharing services has claimed its first scalp after oBike — a Singapore-based company run by Chinese founders — announced that it would cease its service in the country ahead of the implementation of regulations. The Land Transport Authority […]

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Grab is adding bike-sharing to its ride-hailing service in Southeast Asia

Grab is adding bike-sharing to its ride-hailing service in Southeast Asia  Grab, Uber’s chief rival across Southeast Asia, is getting into bike-sharing after it announced plans to integrate oBike’s service into its core ride-hailing app. The news isn’t a huge surprise since Grab is an investor in oBike, as we reported back […]

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