Latest in Culture

Image credit: CDIC / Reuters

China's largest ride-hailing company is investing in bicycles

Didi Chuxing's newest partner is an app-based bike-sharing service.
359 Shares
Share
Tweet
Share
Save

Sponsored Links

CDIC / Reuters

The largest ride-hailing service in China just made a big investment in a different kind of transportation program: bicycle sharing. According to a report from TechCrunch, DiDi Chuxing is kicking off a "multi-layered partnership" with Ofo -- an app-based bicycle sharing outfit with a network of over 70,000 bikes in 20 cities. The details of the investment are pretty bare, but DiDi Chuxing says the companies will "explore strategic cooperation in urban rideshare, including offering a quality bike-sharing experience on DiDi's platform." In other words, the company's ride-hailing app may include a bicycle rental option in the near future.

Bike sharing in China is nothing new -- the country is actually the world leader in bicycle share programs -- but a lot of those are state sponsored. DiDi Chuxing's investment in Ofo casts the company in a new light, pitting a major transportation firm as privatized competitor to the nation's public bike programs. Can a private bike sharing program integrated into a major platform outperform state-sponsored sharing services? At this point it's hard to say, but it'll be interesting to see how Ofo fares in the long term.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
359 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Fitbit is reportedly in the early stages of exploring a sale

Fitbit is reportedly in the early stages of exploring a sale

View
Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

View
Three Mile Island's infamous nuclear plant shuts down after 45 years

Three Mile Island's infamous nuclear plant shuts down after 45 years

View
Samsung asks users to be extra careful with the Galaxy Fold

Samsung asks users to be extra careful with the Galaxy Fold

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr