Didi invests millions in bicycle startup
Didi Chuxing, China’s largest car on-demand service provider, is diversifying its urban transportation offerings by adding bicycles to its existing product portfolio.
Beijing-based Didi announced that it has invested tens of millions of dollars in Ofo, a bike-ondemand startup created in 2014 on the campus of Peking University as a student project.
Industry observers said the investment is expected to offer Didi users an alternative mobility solution when four-wheel vehicles encounter traffic jams, or they can use bikes to arrive at their final destination after getting off Didi buses.
Flower beds have been installed at Tian’anmen Square for the National Day, which falls on Oct 1. This year’s main basket-shaped flower parterre is 50 meters (164 feet) wide and 17 meters (50 feet) in high.