mobike

BAI Capital targets China’s globalizing startups with fresh $700M fund

BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country&#

Thousands of Mobike users’ passports and IDs exposed online

A massive trove of more than 120,000 passports, drivers licenses and identity documents uploaded by users of bike-sharing service Mobike have been found online. Security researcher Bob Diachenko foun

Baidu’s electric car brand Jidu closes $400M Series A round

Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the

Bolt Bikes launches e-bike subscription platform for gig delivery workers in US, UK

Bolt Bikes, the Sydney, Australia-based startup founded in 2017, is taking to the U.S. and U.K. its electric bike platform designed for gig economy delivery workers. The company is expanding on the he

Joy Capital closes $700M for early-stage investments in China

Joy Capital, the venture capital firm that has backed Luckin, NIO, Mobike and other investor darlings in China, just raised $700 million for a new fund focusing on early to growth-stage startups. Laun

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

Alibaba’s Ant Financial and Hellobike team up on $145M e-bike battery JV

Shared e-scooters aren’t just gaining popularity in the United States; they’re hitting the streets of China, too. Recognizing the possibility that some people just don’t want to peda

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: dona

Execs at Mobike, the bike sharing startup, are raising $20M to buy out the European business by end of June

Some big changes are afoot for Mobike, the Chinese bike-sharing company that was acquired by IPO-bound on-demand service startup Meituan-Dianping for $2.7 billion last year. Mobike executives in Europ

China’s grocery delivery battle heats up with Meituan’s entry

Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to pick up fresh ingredient

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 paren

Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt

Welcome back to the TechCrunch transportation newsletter; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the fifth edition of our newsletter and we love the

Startups Weekly: What’s up with YC? Plus, mobility layoffs and Airbnb’s grand plans

In this week's startups newsletter: Y Combinator president Sam Altman is stepping down, Marie Kondo is raising VC and Munchery has finally filed for bankruptcy.

Bike-sharing pioneer Mobike is retreating to China

In a telling sign of the state of bike sharing, Mobike, a once red-hot startup that attracted billions in investment capital, is closing down all international operations and putting its sole focus on

China’s Didi reportedly lost a staggering $1.6 billion in 2018

China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to

China’s Mobike will rename to Meituan Bike as its parent takes the wheel

One of China’s top bike-rental apps is entering a new phase. Mobike, which neighborhood services giant Meituan-Dianping gobbled up last April, is changing its name to Meituan Bike as part of a

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 put the

Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities

Despite the rise in electric scooters in the U.S., you’d be forgiven for thinking that Asia — the region where bike-sharing foreshadowed the rise of e-scooters — has been left off t

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-s

Chinese WeWork rival Ucommune raises $200M to go after international growth

China’s Ucommune, the country’s largest rival to WeWork, has been on a busy acquisition spree to build out its domestic business and now it is looking at overseas opportunities after it cl
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