Bike-Share Battle: Ofo Takes on Mobike and Didi Chuxing
Bike-sharing is a tech and transportation trend that is exploding around the world. With a fleet of over 10 million bikes worldwide, Ofo is positioning itself to be a leader in the space. Chris Taylor, Head of Ofo North America, joined us to share the companies strategy to take on the heavy competition.
Ofo is one of two $1 billion bike-sharing companies from China. Now, ride-hailing giant Didi Chuxing plans to roll out its own platform. Taylor discussed how Ofo will respond to the move that puts its marketshare at risk.
Taylor was one of Uber's first employees. He says the drama-riddled company was prone to the scandals because of its rapid expansion. Taylor said there was a focus on growing as quickly as possible and it was missing the infrastructure needed at such a large company.
A ransomware attack has prompted a health care chain that operates 30 hospitals in six states to divert patients from at least some of its emergency rooms to other hospitals, while putting certain elective procedures on pause, the company announced.
Online fashion retailer Sheen is reportedly said to go public. Multiple media outlets reported that the Chinese-founded company has filed confidentially for an initial public offering in the U.S.
