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Bike-sharing has been welcomed in many Chinese cities beset by urban ills such as pollution and traffic gridlock. But people who are used to riding electric bikes, particularly in the south of the country, have hoped to see e-bikes shared too.

Bloomberg reports Nike decided to end the program amid an overhaul of its retail strategy and the decision to hire ex-eBay CEO John Donahoe as its next chief executive.

Born in 1973, he was witness to an era when China underwent unprecedented economic change and development. The son of a train driver, Zhang had a front-row seat, like many of his generation, as they watched the birth of a new China.

Borgward is aiming for global development, and introducing strategic investors is one of its long-term strategies, the Securities Daily newspaper quoted Foton as saying.

Booking has users and partners in close to 220 countries, while a large majority of Didi's 550 million users are in China.