Didi gets on its bike in deal with bust Bluegogo

China's dominant ride-hailing app swaps four wheels for two as it eyes a niche in the crowded bike-sharing market. Here's what it means for Didi, its rivals and their investors.

Didi gets on its bike in deal with bust Bluegogo

Ride-hailing giant Didi Chuxing is defying warnings of a bubble in China's bike rental market, revealing plans to add a bike-sharing platform to its app which will incorporate bicycles from a range of companies.

The announcement came as Didi Chuxing confirmed a tie-up with Bluegogo, which was China’s third-largest dockless bike-sharing service operator until it went bust in November. While terms of the deal were not disclosed, Didi said it would offer Bluegogo's bikes...

To continue reading, please login or register for free

Click for more on: didi chuxing | bluegogo | ofo | mobike | china | startup | unicorn

Print Edition

FinanceAsia Print Edition

EVENTS