By continuing to browse this website, you consent to our use of cookies, as well as to our Terms of Use and Privacy Policy which provide additional information about how we process your data. This website uses cookies to enhance your user experience. Please read our Cookies Policy for more information on how we use cookies, as well as instructions on how to disable cookies. You may disable cookies through your internet browser settings, however this may result in some parts of the website not working properly for you.



Chinese car-sharing startups face reckoning as more than 500 players crowd into a fast-growing, but young, market


They are in one of the world's most promising growth markets, but Chinese car-sharing startups seem to be having a rather bumpy ride of late.
Last month, Beijing-based TOGO ran into a deposit refund crisis as anxious users flocked to cancel their accounts and reclaim their RMB 1,500 deposit – but had trouble getting their money back. TOGO was said to be shrinking or even suspending their operations in several cities because of exorbitant maintenance costs; hence the panic.
In October 2017, another Beijing-based car-sharing app, EZZY, said it was closing for good. Launched in...

The rest of the content is exclusive to Premium subscribers

Subscribe now to continue accessing our full range of insights and data.

I’m a/an
  • Entreprenuer
  • Investors
  • Researcher
  • Technology & Startup Enthusiast
  • Government Staff

Gift This Article

The gift link can be opened by one recipient only.

You have 0 gift credits left this month

The discount code you entered is invalid

Please make sure you have entered your discount code correctly. Or try again in a few moments.

Download a free sample profile here to view premium content

This field is mandatory
This field is mandatory

Download successful.

Your sample has been sent. Please check your email.