BEIJING -- Chinese ride-hailing leader Didi Chuxing will make a full-scale entry into the bicycle-sharing business, following an agreement to effectively take over management of the failed startup Bluegogo.
Under the agreement announced Tuesday, customers of the Bluegogo bike-sharing service operator Tianjin Luding Technology will be able to convert their deposits and leftover funds into coupons for Didi's ride-hailing and bike-sharing services. The Bluegogo operator collapsed in November amid intense competition. Didi said it will inherit neither Bluegogo's assets nor its debts.
