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.
United Airlines says that it will start boarding passengers in economy class with window seats first starting next week, a move that will speed up boarding times for flights.
The new Pixel 8 smartphone released this week by Google includes an AI photo editing software that will allow users to change the expression of a person in pictures.
If you have some older comic books stashed away in your attic, basement or closet, make sure to check their condition as they could be traded for serious cash. Cheddar News' Michelle Castillo at New Yor Comic Con spoke with Chris D'Lando, event manager with NYCC for Reedpop; Andy Mourat, co-founder and president of MetaZoo; and Julian Montoya, senior vice president of The Noble Collection, to get their thoughts.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to explain how investors are bracing for interest rate hikes after last week's inflation report and ahead of the Fed's upcoming meeting. Wellenbach also discussed how traders are taking advantage of volatility as earnings season continues and amid geopolitical conflicts.
One of the most difficult parts of a job search is writing resumes. Cheddar News' docuseries Ready 4 Work explores the pitfalls of that and helps job seekers stand out from all those other applicants.
