Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.

Ofo, one of China’s many bike-rental brands, will be incorporated into Didi Chuxing, the world’s largest ride-hailing platform, according to media reports. The move comes shortly after ofo’s chief competitor, Beijing Mobike Technology Co., integrated with WeChat, a popular messaging app in China.

Ofo’s founder, Dai Wei, confirmed the claims were true, Tech.163.com reported. There will not be a merger in bike-rental akin to the combination of Didi and Uber last year, he added.

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Yicai Global

Yicai Global is the English-language financial news service of Shanghai Media Group and is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.