China’s ride-sharing giant Didi Chuxing is expanding into the bubble-prone bike-sharing sector, the company said on Tuesday.
Didi also confirmed that it will partly take over the running of failed bike-sharing company Bluegogo’s services, allowing Didi users to use Bluegogo’s bikes.
After acquiring Uber’s China arm in 2016, Didi has kept almost-total control of ride-hailing in China and is now expanding into other countries as well as other sectors. The company acquired ride-hailing app 99 last week, the major challenger to Uber in Brazil.
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