Didi Chuxing is set to be the white knight for troubled bike-sharing startup Bluegogo Jack Conklin Youth Jersey , with Caixin reporting the car-hailing titan has agreed to a takeover deal to put it back on the road.
Caixin suggests Bluegogo, which effectively went out of business on November 20 after falling into debts of 30 billion U.S. dollars, will be put back into gear by Didi after a deal was signed late last month.
While Caixin's sources say that a transaction deal has not been confirmed, a takeover would mark a surprising return from the bike heap for Bluegogo, and signs of further frustration at Didi over a failure to gain more control of ofo.
Didi is believed to own a stake of between 25 and 30 percent in ofo, one of the two remaining bike-sharing giants alongside Mobike. After taking part in four funding rounds for ofo Taywan Taylor Youth Jersey , including a 700-million-U.S.-dollar round last July, Didi sent several executives to ofo to exert greater control, according to Chinese media. The executives abruptly returned to Didi, amid growing reports of a feud between the two companies.
Reports of a merger between ofo and Mobike in October led both companies to deny that they would join forces. Caixin reports that Didi made overtures to Tencent – an investor in Mobike – about the proposed merger.
Didi itself was born from a merger between Didi Dache and Kuaidi Dache, a move that proved successful as the hailing giant pushed major rivals like Uber China out of the market.
With some 700,000 bikes under its name Adoree Jackson Youth Jersey , Bluegogo was a big player on the bike-sharing scene, third behind Mobike and ofo. It was the first Chinese bike-share company to expand overseas, experimenting in San Francisco – since then ofo and Mobike have both invested heavily into overseas markets in Europe and Asia.
Uncertainty over whether or not Bluegogo really has gone out of business is evident on the streets of Chinese cities – its bikes largely remain unused on pavements in Beijing, gathering dust as users leave for Mobike and ofo.
However, if Didi Chuxing is looking to exert much greater influence on China's bike-sharing sector, Bluegogo has the infrastructure in place for Didi to make a quick launch of its own on the scene.
Bike sharing has grown rapidly in the last few years Harold Landry Youth Jersey , with Bloomberg suggesting ofo and Mobike together could be worth some 4 billion U.S. dollars. Both companies have heavily invested in overseas expansion – Mobike has some 200 million riders worldwide in 180 cities, while ofo aims to operate 20 million bikes in 200 cities by 2020. ECNS
MOSCOW, July 10 (Xinhua) -- Russia and the United States will continue cooperation in Syria on the basis of a trilateral agreement with Jordan on setting up a de-escalation zone in the war-torn country, Russian Foreign Minister Sergei Lavrov said Monday.
"Although yesterday, from 12 p.m. Syrian time, the regime of ceasefire became effective Kevin Byard Youth Jersey , it has to be strengthened, so there will be plenty of work to be done there," Lavrov told a press conference.
On Friday, Russia, the United States and Jordan reached a deal to support a ceasefire in southwest Syria, setting up a de-escalation zone to create appropriate environment for reaching a political solution to the situation in the Middle East country.
Lavrov said the agreement envisages the elaboration of additional details on the practical functioning of the zone.
To coordinate those details Derrick Henry Youth Jersey , it was agreed to put into operation a monitoring center, which is being created by Russia, the United States and Jordan in the Jordanian capital of Amman, and which will be in permanent contact with the Syrian government forces and the opposition, he said.
According to Lavrov, the participants in the talks on Syria in the Kazakh capital of Astana were close to reaching an agreement on setting up two more de-escalation zones in the western Syrian region of Homs and in the eastern region of Ghouta Jonnu Smith Youth Jersey , and talks were continuing on another zone in the northwestern governorate of Idlib.
Lavrov said Russia saluted "active participation" of the United States in the Astana process and would keep cheering it, in spite of Washington's observer status at the talks.
He added that Moscow also maintained stable contacts with Washington at the talks in Geneva, which were restarting on Monday, as well as with other key countries, which influenced the developments in Syria.
"We have to consider attitudes of a very big number of players when referring to its solution, and it is not easy to reconcile those positions and to find the balance of interests. But as the Russia-U.S.-Jordan agreement of July 7 has shown Corey Davis Youth Jersey , it is possible," Lavrov said.
The Syrian war, now into its seventh year, has taken a toll on the country's population with hundreds of thousands being killed, around 6.3 million being displaced within the country, and 5.1 million being forced to flee as refugees outside its borders.
Over the past months Rashaan Evans Youth Jersey , the situation is particularly dire in Raqqa, where an offensive was launched to take the city from the Islamic State terrorist group. About 25,000 have reportedly fled the city since military operations started. However as many as 100,000 civilians could still be trapped there.
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