Didi invests in bicycle-sharing platform ofo
Updated: 2016-09-26 15:40
(Xinhua)
|
|||||||||
Ofo bikes are lined up in the campus of Zhongnan University of Economics and Law in Wuhan, Central China's Hubei province, June 24, 2016. [Photo/IC] |
BEIJING - China's leading on-demand mobility (ODM) company Didi Chuxing on Monday announced its investment in ofo, one of the country's leading bicycle-sharing platforms.
Didi Chuxing said it has invested tens of millions of US dollars in ofo, as part of a multi-layered partnership between the two companies in the urban mobility sector.
Created on the campus of Peking University in April 2014 as a student startup project, ofo applies mobile internet technology to optimize biking resources on China's campuses.
The startup has won over a robust user community across China, and has nearly 70,000 bikes shared every day among over 1.5 million users in 20 cities. Its daily rides number over 500,000.
Having recently acquired Uber's China operation, Didi is now the dominant mobile transportation business in China. Didi has 15 million drivers and car-owners, and serves close to 400 million users.
The company said it looks forward to "joining hands with more like-minded entrepreneurs in promoting the growth of the broader rideshare industry."
- Car-crazy Mexico City celebrates World Carfree Day
- Death toll rises to 52 after migrant boat capsizes off Egypt
- China and US should move forward regardless of election result
- Threat of 'lone wolf' terrorism rises: Aussie PM
- DPRK warns of retaliation against US, ROK
- US fighter jet crashes off coast of Okinawa, Japan: DM
- Classic autos debut at Beijing Design Week
- World in photos: Sept 19 - 25
- Milan Fashion Week: Dolce & Gabbana Spring/Summer 2017
- Hangzhou opens G20 summit arena to general public
- Li, Trudeau inaugurate 'new annual dialogue'
- Milan Fashion Week: Prada Spring/Summer 2017
- Panchen Lama prayers at foot of Qomolangma
- Ai Fukuhara and her newlywed husband show up in Taiwan
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Trump outlines anti-terror plan, proposing extreme vetting for immigrants
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
Ending wildlife trafficking must be policy priority in Asia
Effects of supply-side reform take time to be seen
US Weekly
Geared to go |
The place to be |