Ofo, the world’s biggest independent bike-sharing provider, has withdrawn from yet another overseas market as it pins its hopes on success in its home country, China.
Troubles at Chinese bikesharer OfO continued this week as a supplier of wireless locks on its bicycles switched off its services over an unpaid bill.
A communications service provider that operates digital locks on millions of Ofo bikes has begun cutting off the systems after…
Ofo is slashing prices in its home market, sowing the seeds for a comeback, according to a source close to the company, as founder Dai Wei winds down the Chinese bike sharer’s overseas operations.
Ofo Will Focus on Three Overseas Markets; Mobike to Reign Over the Home Turf. Ofo, one of China's two biggest…
Mobike Gives All China Users USD45 Deposits Back to Outrun Rivals
Chinese bike-sharers' troubles are spilling over and the most recent victims are bike-makers.
China's car-sharing sector has replaced shared bikes to become the biggest target for investment.
Mobike Technology, one of China’s two biggest bike-sharing operators, has rolled out electronic fences to prevent inappropriate parking of shared bikes in Shanghai.