Phoenix hopes for ofo tie-up boost
China's leading bike manufacturer Shanghai Phoenix Bicycle Co Ltd on Monday unveiled new bike models, backed by smart hardware, to tap into the burgeoning bike-sharing wave.
The rollouts - the U1 and Mintbike - feature lithium batteries, smart locks, sensors and LED lights, marking a fresh attempt by the 120-year-old bicycle maker to adopt the nation's Internet Plus strategy and embrace the sharing economy, said Wang Zhaoyang, president of Phoenix.
To optimize the riding experience, key metrics such as riding distance, riders' posture and environmental conditions are recorded and simultaneously transferred to a cloud-backed transportation platform, using internet of things technologies and leading algorithms such as deep learning, said Phoenix Vice-President Liu Bing.
