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...

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