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.
Delta Airlines today reported third-quarter profits that beat expectations, boosting its full-year growth outlook, as the carrier earnings increased about 60% to $1.1 billion.
Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer prices.
Design and lifestyle company Apartment Therapy has brought back its annual Small/Cool NYC exhibit to showcase some of the biggest interior design trends. Maxwell Ryan, founder of Apartment Therapy, joined Cheddar News to show some of the designs the company has come up with as well as some unique choices for living spaces of any size.
