trending Market Intelligence /marketintelligence/en/news-insights/trending/R2pHkO5u8IJ8lk9DFZ8FtQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Didi Chuxing invests in Chinese bike-sharing startup

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

TMT Digital Newsletter: May 2021

Blog

Fintech Intelligence Digital Newsletter: May 2021

Blog

Ten years of NewSQL: Back to the future of distributed relational databases


Didi Chuxing invests in Chinese bike-sharing startup

Chineseride-hailing service Didi Chuxing said it is investing "tens of millionsof dollars" in China-basedbicycle-sharing startup ofo, ShanghaiDaily reported Sept. 26.

Theinvestment will bring the two firms together to collaborate on technology,product development, data and business operations, according to the report.Didi will also consider making the bike-sharing service available through itsapp.

Didi saidthe partnership with ofo, which offers 70,000 bikes across 20 cities in China,was part of its plan to develop an "open mobility ecosystem."

The movefollows Didi's recent acquisition of rival Uber Technologies Inc.'s China unit.