Seminar Brings Lessons From China Micromobility Boom

City Street

Beijing, China China’s world-leading push to boost active transport, for a return to the country’s cycling heyday, will come under the spotlight at a free webinar being hosted by several micromobility peak bodies in Australia. The Asian powerhouse is building tens of thousands of kilometres of cycleways and footpaths annually, complemented by programs to restore…

High Quality Return for China Cycle

Person looking at e-bike at expo

Shanghai, China If it wasn’t electric, it wasn’t important, according to the visitor response to last month’s China Cycle 2023 in Shanghai. In a post-Covid comeback event notably dominated by a massive increase in e-mobility, those remaining exhibits without e-bikes, e-scooters or light electric vehicles were deserted throughout the show’s four days, according to Tony…

Chinese Appliance Giants Buys Into e-Bike Motor Market

Wuhan, China Appliance manufacturing giant Midea Group has purchased fellow Chinese company Wuhan Tianteng Power Technology to break into the e-bike market. Midea Industrial Technology, one of five business sectors of Fortune 500 company Midea Group, indicated it plans to become a key player in the global e-bike market. It announced at the end of…

China’s Largest Bike Share Files for USA Float

China Hello, China’s largest bike-share provider, recently filed information in preparation for its U.S. IPO (initial public offering). After three consecutive years of losses, the Ant-backed micromobility giant plans to raise as much as US$1 billion (A$1.3 billion) through its public offering.   As of the end of 2020, Hello had 10 million two-wheelers across 400 cities with approximately 100m active users in China.  In 2020 it facilitated 5.1 billion bike trips, generating an average of US$0.17 (A$0.22) per ride –…

Chinese Bikeshare Company Looks Set to Raise $1.3 Billion

Qingju Bikeshare

Qingju, which is the bike sharing unit of Chinese ride-hailing giant Didi Chuxing as raised US$600 million (A780 million) in its Series B round of financing and is set to raise a further US$400 million (A$520 million) in loans, according to the financial media site Deal Street Asia.

A Didi spokesperson said, “Didi Bike (Qingju) has recently completed a Series B fundraising round. With the new investment, we will continue to improve mid and short distance travel in cities, by providing efficient, safe and reliable bike sharing services to the users.