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CAR Inc. car rental revenue increases by 31% YoY

CAR Inc. car rental revenue increases by 31% YoY

Net profit was RMB 379 million, a decrease of 64% YoY; car rental revenue was RMB 1,739 million, an increase of 31% YoY, and rental days grew by 71% year-over-year.

08/16/2017|11:50:59 AM|CAR Inc.
SoftBank partners with China’s bike-sharer Ofo to expand into Japan

SoftBank partners with China’s bike-sharer Ofo to expand into Japan

Japan is Ofo’s 7th overseas venture, after already starting up in Singapore, the United States, Britain, Kazakhstan, Thailand and Malaysia

08/10/2017|5:42:46 PM|SouthChinaMorningPost
Pollution-eating bike in development to tackle smog in China

Pollution-eating bike in development to tackle smog in China

A concept of smog-eating bike to reduce air pollution in China, designed by a Dutch designer in his Smog Free Project with Ofo, is to have a prototype ready by the end of the year.

08/07/2017|10:34:01 AM|Ecns.cn
Chinese bike-sharing services attract more than 100 million users in the past year

Chinese bike-sharing services attract more than 100 million users in the past year

China’s nascent bike-sharing industry has attracted more than 100 million users just a year after its debut in the country’s tech scene, as startups backed by Tencent and Alibaba touted free rides and carpeted urban sidewalks with millions of bikes.

08/07/2017|11:27:15 PM|SouthChinaMorningPost
XiaoMing Bike closes B round financing

XiaoMing Bike closes B round financing

China’s bike-sharing startup XiaoMing Bike announced that it has received hundreds of millions of yuan in its series B round funding. The company plans to accelerate its strategy of electronic parking lane nationwide to improve user experience.

07/17/2017|5:38:35 PM|ChinaTravelNews
Mobike may bring its orange two-wheelers to US

Mobike may bring its orange two-wheelers to US

Beijing-based Mobike has begun hiring for positions in Washington, which means the bike-sharing firm could be coming to the US soon.

07/11/2017|5:19:58 PM|CNET
Bike-sharing firm Ofo raises $700 million in E round, backed by Alibaba

Bike-sharing firm Ofo raises $700 million in E round, backed by Alibaba

China's bike-sharing platform Ofo announced that it has received more than USD 700 million in its series E round funding. The round had Alibaba, Hony Capital and CITIC as the lead investors and also involved Didi Chuxing and DST.

07/06/2017|6:11:42 PM|ChinaTravelNews
Ctrip sort of arrives in Manchester

Ctrip sort of arrives in Manchester

A Chinese start-up Mobike in which Ctrip has a stake is making its first move outside Asia, choosing Manchester and Salford in the UK to start its plans for Europe.

06/13/2017|10:15:18 AM|Tnooz
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