The prosperous shared bicycles began to differentiate, and a group of companies failed in the competition and went bankrupt.

From April 22 to 23, the manager of Hangzhou Qibei Technology Co., Ltd. (Qibei Technology) will conduct a public auction of intangible assets, including the "Qibei Bicycle" trademark on Taobao's Ali Auctions, with a starting price of 323,000 yuan, the supervisory unit is the People's Court of Shangcheng District, Hangzhou City.

Qibei Technology was established in July 2015. It is one of the earliest companies engaged in the R&D and operation of shared bicycles in China. Now it is insolvent and unable to operate. It was ruled bankrupt and liquidated by the court.

Before March 23, Guangzhou Yueqi Information Technology Co., Ltd. went bankrupt, and a batch of trademarks, including "Xiaoming Bicycle", was sold at a starting price of RMB 90,63,673.

The auction is for Qibei Technology as the applicant's registered intangible assets, including eight software copyrights, including Qibei Bicycle Android version, twelve design patents including wheel hubs, and 15 trademarks including "Qibei Bicycle". The starting price is 323,000 yuan, a deposit of 50,000 yuan, and a price increase of 1,000 yuan.

According to Qibei Technology's application, the Hangzhou Intermediate People's Court ruled on April 28, 2020 to order Hangzhou Shangcheng District People's Court to accept the bankruptcy and liquidation of the debtor Hangzhou Qibai Technology Co., Ltd., so this auction will be held.