Uber's Chinese competitor launching bike-sharing integration, service

|By:, SA News Editor

Uber’s (Private:UBER) China-based competitor Didi Chuxing (Private:DIDI) plans to integrate bike-sharing services through its app – and will launch a bike-sharing service of its own.

Didi’s service will come through partnerships with companies like Bluegogo, a bike-sharing firm that collapsed in December. Didi will retain Bluegogo’s brand name, property, deposits, and debts. 

Didi will also feature rival bike-sharing companies through its app. Ofa is the largest bike-sharing company in China with 100M dockless bikes in the region with 10K in other countries. Ofa has a $3B valuation and received at least $1B in financing from Alibaba last month.       

Previously: Venture capital deals of the week (Dec. 10, 2017)

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