Here is this week’s roundup of China tech stories.
This winter has been a struggling period of time for bike-sharing companies. ofo users have been seen waiting in line in front of the company’s headquarters at Zhongguancun in Beijing lately. The harsh winds of the Beijing winter didn’t stop them from getting their deposit back.
Also this week, Mobike founder Hu Weiwei resigned from the position of CEO for personal reasons. Hu claimed that she has ”completed her task at the current stage” as CEO.
As the cold winter approaches, many resort to superstitions for a peace of mind.
Can webcasting real-time classes save rural education in China? Through streaming services, rural students can watch the lectures live together with students from top high schools in Chengdu, a southern Chinese city.
Hundreds of workers in bright yellow uniforms assemble small yellow bicycles at the Tianjin Flying Pigeon bicycle factory on May 19. The workers hurriedly attach the wheels and gears to each frame, and every 15 seconds a new ofo unit is born. Workers at the end of the line load each new bike into cardboard […]
Anything is possible in business. The “Sharing economy” has penetrated into every aspect of life: sharing bicycle, sharing umbrellas (which though proved to be a failure within only one day.) What are the problems behind this seemingly endless economy model? And where do we go from here? 2016 truly was the year of “sharing economy”. […]
After Wukong Bikes’ bankruptcy just 8 days ago – June 8th 2017 – yet another bike-sharing company has gone bust. On June 21st, 3Vbike announced that it is going out of business, primarily due to a large amount of stolen bikes causing a strain on liquidity. This may come as a surprise to the company’s […]
On July 6, Chinese bike-sharing start-up ofo announced a 700 million dollar funding round. The Series E funding was led by Alibaba, Hony Capital, and CITIC Private Equity, with additional investment from current investors Didi Chuxing and DST Global. CEC Capital served as the exclusive financial advisor to ofo in the transaction. This news is […]