Caixin
BUSINESS & TECH

Didi Chuxing to Take Over Troubled Bike-Sharing Startup

Bluegogo, one of dozens of bike-sharing startups that mushroomed in Chinese cities over the past few years, fell on hard times during a price war. Photo: Visual China
Bluegogo, one of dozens of bike-sharing startups that mushroomed in Chinese cities over the past few years, fell on hard times during a price war. Photo: Visual China

Chinese ride-hailing giant Didi Chuxing has agreed to acquire cash-strapped bike-sharing startup Blugogo to further expand its business footprint, sources close to the matter told Caixin.

The two companies signed an agreement on the deal in late December, although the transaction hasn’t been completed, sources said. Bluegogo halted its business beginning Nov. 20, and most of its workers are gone.

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