(Yicai Global) March 21 -- Chinese bike-sharing giant Beijing Bikelock Technology Co., better known as Ofo, continues its global push with the official rollout of operations in Kazakhstan.
The company will put 2,200 of its trademark yellow bicycles into circulation in the country's biggest city, Almaty, by the end of 2018, local media reports said.
Bike-sharing in overseas markets is expected to grow five- to ten-fold over the next two years and Asia will become a major battleground for leading players like Ofo and fierce competitor Beijing Mobike Technology Co., due to the continent's large population, according to a report from Cheetah Mobile Inc.'s research institute earlier this month.
The company conducted a 1,000-bicycle trial project in the Kazakh capital of Astana last June as part of the Astana Expo event. Ofo operates in more than 50 cities overseas with a global fleet of over 100,000 bikes.