Chinese ride hailing company, Didi Chuxing, is planned to launch a bike-sharing platform in the very near future. This platform will be within the current app and will host partner companies such as Ofo, along with its own Didi Chuxing bike-sharing brand. In the press release, the company also declared that it will soon come with a deposit free arrangement.
The company is the largest ride-hailing company in China, backed by strong and solid investors such as SoftBank. In one of its recent press releases, the company announced that it had reached an agreement to collaborate with Chinese bike-sharing firm, Bluegogo, which will also be hosted on the platform.
Even though the country of China has shown some signs of a growing environment for the biking-sharing industry, business has been a stressful journey, with many companies who ventured in this area are closing down.
Startup companies such as Ofo and Mobike, who are currently two of the top market leaders, have raised a considerable amount of funding from tech giants such as Alibaba and Tencent, while Didi Chuxing has also made an investment in Ofo.
Some sources have indicated that several bicycle companies will also soon declare their plans to enter the Chinese ride-hailing industry. A company named FAW Car Co Ltd, stated that it will consider purchasing a 10 percent stake in Mobike’s recently launched car-sharing division.
