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    • Mobility startups shift gears from bicycles to e-scooters

      Yulu decides not to expand bicycle rental business; Mybyk to launch e-bicycles in Mysuru next month

    • China's Didi, Ant Financial weigh joint $2 billion Ofo buyout: Source

      A deal would mark the latest stage of consolidation in China's once-booming bike-sharing industry, where a series of startups have burned through hundreds of millions of dollars in the fight to dominate key cities, littering the streets with thousands of bikes in the process.

    • Chinese bicycle-sharing startup Ofo fires staff, halts operations in India

      The company had launched its operation in the India in November 2017 and had since expanded to Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi Indore and Pune.

    • This green initiative is creating massive bicycle graveyards in China, here’s why

      Rental bicycles grew in popularity in China last year. But take a look at the bicycle graveyards that were created after supply exceeded demand.

    • China's bicycle sharing firm ofo gets over 1.1 million orders in India

      ofo, China's top bicycle sharing firm, had entered the Indian market in November last. Its service is now available in seven Indian cities, including New Delhi, Indore, Bangalore, Ahmedabad, Pune, Coimbatore and Chennai.

    • Chinese bike-sharing firm Ofo raises $866 million led by Alibaba

      The latest fundraising comes as Ofo and arch-rival Mobike, the biggest bike-sharing firms in China, have been expanding rapidly overseas as well as launching new services at home and offering a greater variety of bicycles.

    • Why yields on 10-year bonds would inch to 8.45% ahead

      The Reserve Bank of India (RBI) announcing OMOs indicates two things; One is that there has been plentiful liquidity, and the RBI has been buying dollars which means it is pumping rupees into the system.

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