Chinese bike-rental company Ofo announced on Thursday (in Chinese) a strategic cooperation deal with Sesame Credit, a social credit scoring system developed by Ant Financial Services Group. Ant Financial is a subsidiary of Alibaba and operator of Alipay and other Alibaba-backed financial services.

Under the deal, new Ofo users with a Sesame Credit score of 650 or higher can register on the app without making the RMB 99 deposit. According to data released by Sesame Credit, the majority of Sesame Credit users have a score of 650 or higher.

Currently, the free deposit service is only available in Shanghai.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.