Didi raises $1 billion in push for 100 million daily trips

By Jill Shen

Chinese ride-hailing platform Didi Chuxing has reportedly secured a $1 billion round of fresh funding for its bike rental business Qingju, as the company seeks to diversify growth in the Chinese mobility market with a target of 100 million daily trips …

Ofo bets on e-commerce to save its sinking bike operation

By Nicole Jao

Feb 3, 20202 min read Screenshot of Ofo’s new app from Apple’s China app store. (Image credit: TechNode)Troubled Chinese bike rental startup Ofo recently released a new update for its app with fresh e-commerce features along with cash-back and disco…