Chinese company ofo is launching in the UK’s bike capital Cambridge, bringing cycle sharing to the city. Coined ‘the Uber for bikes’, ofo allows users to hail bikes in the same way they would a taxi. Through a mobile app you locate the nearest one to you, and then ride it and leave it at your destination, ready for others…

The Chinese ride sharing service Didi Chuxing, who last month bought Uber’s operations in the country, have announced an investment of “tens of millions of dollars” in a bike sharing platform. Looking to expand and offer their customers more than just on-demand rides in cars, the company have invested in Peking start-up ofo, who specialise in bike sharing. It’s now expected that Didi…

In an unexpected move, car giant Ford has moved into the bike sharing sector, working in partnership with hire operator Motivate. The new hire product, named Ford GoBike, will launch next year in the US and will start with a fleet of 7,000 bicycles. This, along with a new team working to overcome localised transport challenges, and the acquisition of a…