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.

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 on its app, and would also offer  Bluegogo customers the option of converting credit they haven't been able to redeem  for Didi bike and car ride coupons of the same value.

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