ride-sharing Archive

Chinese taxi-hailing giant Didi eyes bicycle sharing with its latest investment

Didi Chuxing, China’s largest ride-hailing company, may be about to get into bicycles. Bike sharing, to be precise. The company, which is in the process of finalizing its acquisition of Uber’s business unit in China, today revealed that it has invested in a young startup called Ofo which lets people borrow bikes. The investment is said to be “tens of millions” in size, but it isn’t clear how much equity Didi …