Bluegogo is handing over its bicycle sharing operations to rival Biker, having halted rentals amid a growing consumer backlash.
China-based bicycle-sharing platform Bluegogo has decided to transfer its operations to its local peer Biker, Tech in Asia reported today.
Founded in 2016, Bluegogo operated a network of stationless bicycles that users can book, unlock and pay for through a mobile app. The company claimed to have more than 20 million users.
Bluegogo announced a $58m series B round in February 2017 led by Black Hole Capital that included medical technology provider Smart Xingtong and private investor Zhang Liang, but…
