Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies...
Social Bicycles, maker of the Jump pedal assist e-bikes that don’t require docking stations, has received a permit from the San Francisco Municipal Transportation Agency to launch 250 dockless electric bikes in San Francisco sometime between now and the end of March....
