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U.S. Transport Agency Bans Employees From Using TikTok For Work
Huawei Launches New Foldable Smartphone, Targets Android Market with HMS
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China Plans to Mass Produce Driverless Cars by 2025 Later Than Previous Forecast
U.S. Companies Fluctuate on Wall Street as Covid-19 Hits Their 2020 Forecasts
Snack Shop Serves Up First IPO from Wuhan Since Covid-19 Outbreak Took Hold
Chinese AI Firm Laiye Secures $42 Million in Series C Funding Round
Japan’s Finance Minister Expresses Concerns Over China’s Digital Yuan
U.S. Allows China’s iFlyTek to Resume Purchases of American-Made Medical Products During Outbreak
China Accounts For Nearly Half of All Global 5G Smartphone Shipments in 2019: Research
Xiaomi-Backed Smart Home Cleaner Maker Raises $641 Million in Shanghai IPO
Foxconn Allows Henan Workers to Return to Its Zhengzhou Complex
Alibaba-Owned Livestreaming Platform Taobao Live Sees Rapid Growth Amid Outbreak
Lenovo Charges Up Investors by Playing Down Virus Impact
Huawei ‘Disappointed’ After U.S. Court Rejects Its Federal Ban Challenge
Didi Installs In-Car Protective Sheets Between Drivers and Passengers to Control Coronavirus
Puma and Adidas Face Massive Sales Drop Due to Coronavirus
China Raises First-Batch Rare-Earth Mining Quota by 10% for 2020
Tesla and CATL Enter Advanced Stages of Talks Over Cobalt-Free Battery Supply
Hong Kong Unemployment Surges to Record High in Wake of Coronavirus Outbreak
Who’s Fighting China’s New Shared Bike Wars?

By Caixin Global / Aug 28, 2019 05:10 PM / Business & Tech

Just when China’s first tide of shared bikes seems to be rolling back with the fading of most early players, signs of a new invasion are appearing everywhere.

Caixin columnist Doug Young did a little sleuthing on the ground here in Beijing this past week, and quickly determined the latest invasion in this Shared Bike Wars 2.0 has three main backers.

Those three are: Didi Chuxing, the Uber-esque ride sharing specialist backed by Uber itself and global tech giant Apple, among many others; Meituan Dianping, which started out as Chinese version of group buying specialist Groupon and has since morphed into an online-to-offline services specialist with a focus on web-based takeout dining; and e-commerce giant Alibaba, which has been half-heartedly in the shared bike game since almost the outset.

What does each of these players bring to the table, and what’s the likely outcome of this new round of bike wars? Read the full column to find out.

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