ALSO READChina's Didi Chuxing buys control of Brazil's 99 app - report China ride-hailer Didi buys Brazil's 99 in new challenge to China ride-sharing firm Didi raises $4 billion for global push China's Didi Chuxing buys control of Brazil's 99 ride-hailing app China's FAW Car buys 10 pct stake in Mobike's new car-sharing unit
SHANGHAI (Reuters) - Chinese ride-hailing application Didi Chuxing plans to launch a bike-sharing platform within its app that will host partner firms such as Ofo as well as its own bike-sharing brand, the company said on Tuesday.
Didi Chuxing, China's biggest ride-hailing firm which counts SoftBank as an investor, said in a press release that it had also reached a cooperation agreement with Chinese bike-sharing firm Bluegogo, which will be hosted on the platform.
The company will also introduce deposit-free arrangements, it added.
China has been caught up in a bike-sharing craze over the past year but the business has started to show signs of strains with a number of companies folding.
Some bicycle companies have also announced plans to enter the Chinese ride-hailing sector. On Sunday, FAW Car Co Ltd said it would take a 10 percent stake in Mobike's recently launched car-sharing unit.
(Reporting by Brenda Goh; Editing by Stephen Coates)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)