China’s O2O market has seen quite a few companies doing interesting things, some succeeding, some failing. The latest hot vertical is bike-sharing.

According to the China’s bike sharing industry mini-report by China Channel, Mobike (backed by Tencent and Foxconn) and Ofo (backed by Didi and Xiaomi) are clear market leaders amongst growing competitors. Founded in January 2015, the orange Mobike boasts about 400K Tencent Android app store downloads, mostly in Shanghai. The Beijing-based yellow Ofo bike, on the other hand, lags behind with about 170K Tencent Android app store downloads.

Both companies have their apps, but Ofo lowers friction by linking the app to WeChat without having to download a separate app. The users can either register their mobile phone or log in via WeChat account and unlock bikes on the streets at their convenience.

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Junse Lee

Junse lives in the future. She is interested in new rules and ethics technology will bring into people's lives.